Afew short years ago, “subprime” was almost an expletive. During the financial crisis, mortgages linked to subprime borrowers – or those with poor credit history – caused devastating losses; so much so that many asset managers declared they would never touch subprime again.
短短几年前，「次貸」幾乎成了髒詞。金融危機期間，與次級借款人（即信貸記錄不良的人）相關的抵押貸款造成了慘重損失，以至於許多資產經理宣告再也不碰次級抵押貸款。
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