So you have some asset that nobody trusts the U.S. Federal Reserve will take it on.

所以，我们有了一些没有人信任的资产,美联储将其承担下来。

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They are people that you--the community--trusts, that people are willing to let into their home and discuss things like death; that was an innovation that came in then.

他们在社区中享有威望,人们希望他们进入自己家中,并愿意与之讨论一些不快的话题,如死亡,这个创新从那以后就流行了起来

耶鲁公开课 - 金融市场课程节选

Well, if they're down-rated, then nobody trusts them anymore as insurance companies.

好吧,如果他们被降级了,那么没有人会再信任这些保险公司了

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Real Estate Investment Trusts became very important in three waves.

房地产投资信托基金,在经历三次发展浪潮后变得十分重要

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They can't sell them to get money so the Fed is saying fine we'll just take those and we'll give you Treasury bills which are completely everyone trusts them.

他们不能够卖掉资产来获取金钱,所以美联储说，好吧，我们拿走你的资产,给你完整的国库券,每个人都相信他们。

耶鲁公开课 - 金融市场课程节选

These are called REITs, Real Estate Investment Trusts.

房地产投资信托基金也简称REITs

耶鲁公开课 - 金融市场课程节选