The industry, subprime lending, has grown dramatically over the last ten years and, as you probably know, it's in big trouble now.

次级借贷行业,在近10年里迅猛发展,你们大概也知道,这个行业现在正处于巨大的困境中

耶鲁公开课 - 金融市场课程节选

Then lastly, there are things like the Internet bubble, they're not usually called this, but--the lending bubble where--or the subprime mess.

其次，市场上还存在像互联网泡沫，不经常被提及的贷款泡沫,此外还有次贷危机。

耶鲁公开课 - 金融市场课程节选