Already, the agency's reserves have been heavily eroded by risky loans it took on in 2008-09 to shore up the housing market.

这个机构的储备金早已被一些具有风险的贷款严重侵蚀，这些贷款是因2008 - 09年时为支持房地产市场而形成的。

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Nobody seemed to worry that Britain's Northern Rock, for example, depended heavily on wholesale borrowing while indulging in more risky mortgage loans.

似乎没人会为英国的北岩银行操心，哪怕它极度依赖大规模借贷同时又陷入更为凶险的抵押贷款之中。

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Washington Mutual has been saddled with billions of dollars of debt because it heavily invested in selling risky subprime mortgages to customers who later defaulted on them.

华盛顿互惠银行把很多资产投在高风险的次级房贷上，但是由于很多贷款者无法偿还贷款而负债高达几十亿美元。

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Should European interest rates start to rise, investors may switch back to less risky government bond markets particularly as higher interest rates tend to put heavily indebted junk-bond issuers under stress.

ECONOMIST: Junk bonds: As European as burgers and fries | The