Many people believed the depression would end if the government issued more paper money backed by silver.
VOA: special.2010.07.01
After 1933 we had lost our moorings; there was no longer any idea that the dollar was backed by anything.
933年之后,我们丧失了我们的停泊处;,再也没有,美元可以被任何东西来支持的概念了。
In other words, securities that were themselves backed by subprime loans.
所谓次级债券,就是那些靠次级贷款担保的证券
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