That's a lot less than the amount of money out there but they always had fractional reserve of banking anyway.
这比流通的金钱少的多,但是他们总是有部分准备金银行制度。
Technically, Fannie and Freddie are private companies -they're traded stocks; you can buy shares in Fannie and Freddie.
技术上,房利美和房地美都是私人公司,它们的股票可流通,你可以购买房利美和房地美的股票
And actually on terms of the dollar, I think you gotta be concerned about the dollar. -You do Dollar is our currency.
说到美元这个问题,我认为这才是我们应当担心的,-是吧,美元可是我们的流通货币呢。
I don't know if you know how a spark plug works, but for the electrical current to fly into operation in a spark plug, the two points of contact have to be gapped.
我不知道你们是否知道,火花塞是怎样工作的,在电流通入火花塞中使它运转之前,两个接触点之间需要有空隙。
So, it frees you from some of Apple's tethers and this was the code that circulated on the Internet iPhone with which people could crack their iPhones.
这样我们就从苹果的约束下解放出来,这些代码是在网站上流通的,使用它们可能损坏你们的。
So that meant taking care of the schedule, of the infromation flow, making sure the president was focused on the right issues the issues he wanted to be focus on.
所以那就要做到,处理好日程,确保信息流通,确保总统先生,关注正确的东西,关注那些他需要关注的东西。
It was the romantic--and by the way, about 3,300 miles of such canals would be built by the middle of the 1850s, all for the purpose of commerce, and to move people.
顺便说下,这是多么浪漫的事,在五十年代中期,为了商业运输和劳力流通,而建造的这类运河总长达3300英里
It's in the CCL collection.
在CCL的收藏中,那是耶鲁大学的高流通库。
It emerged into an institution in which banks would have notes bank notes-that circulated widely and we began to think of them as money.
它出现于一个银行保有票据,的机构,这个票据就是钞票---那种流通广泛的钞票,我们把它视为金钱。
There's maybe about three trillion dollars worth of stuff backed by mortgages out there Well, as you've seen, these have produced crisis of confidence and I don't think we've heard the last of it.
现在大概有价值三万亿美元的有抵押证券,在市场上流通,就像你所看到的那样,这些证券已经导致了,市场信心的丧失,而且我个人认为这还完全没有结束。
These mortgages were given out to people that couldn't afford them and today you have what you call subprime mortgages--subprime paper They issued against this paper stuff called mortgage-backed security. They securitized them and these things are all floating around now.
我们发放这些抵押贷款给那些买不起房子的人,所以现在你们看到了一种你们叫做,次级抵押贷款的金融工具--次贷票据,他们把这种票据叫做,有抵押证券,他们把有抵押证券证券化,这些证券现在在市场上被多次交易,广为流通。
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