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，“次贷”几乎成了脏词。金融危机期间，与次级借款人（即信贷记录不良的人）相关的抵押贷款造成了惨重损失，以至于许多资产经理宣告再也不碰次级抵押贷款。
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