But federal regulators play a limited role in subprime markets .
但联邦监管机构在次优贷款市场的作用是有限的。
The cost of insurance against default for the riskiest tranches of subprime debt has soared .
针对拖欠次优贷款债务中风险最高的份额所产生的保险成本飙升。
Hedge funds and others have been using derivatives to short bonds backed by subprime mortgages .
对冲基金和其他投资者已经在用衍生工具减持次优房贷担保债券。
The crisis erupted with the realisation that subprime exposures were widespread .
这次危机爆发的导火线是人们认识到次债的风险正在蔓延。
America 's failure to supervise the subprime mortgage market comes top of the list .
在这些惨痛教训中位列第一的应该是美国政府对于次债市场监管的失败。
Subprime borrowers have reduced their debts too mostly by defaults , foreclosures and write-offs .
次借款人也减少了他们的债务,他们的债务主要是因为违约,赎回和注销产生的。
Christopher whalen , a senior managing director at tangent capital partners , says another option for citi is to dive back into the subprime mortgage businesses .
As the wall street journal reported , prices of some distressed bonds backed by subprime loans issued before the crisis to borrowers with spotty credit histories have seen double-digit percentage gains this year .
Stein ( incorrectly ) mocked hatzius for his view that the subprime mortgage crisis could spin out of control , hampering lending and slowing growth . "
斯坦恩(错误地)嘲笑了哈祖斯的观点,后者认为,次贷危机可能会失控,阻碍贷款和经济增长。
The big firms are overextended , bloated in regions that are shrinking , " says meredith whitney , the analyst who forecast the subprime disaster in 2007 . "