Read-only: Public study sessions can be viewed but not edited.

Source Tokens: 166
Target Tokens: 166
Alignments: 166
Use arrow keys to move between tokens and segment pairs. Press S to align or open token options.
S1
Say you go to a bank to get a loan .
T1
Say you go to a bank to get a loan .
S2
The bank lends you money .
T2
The bank lends you money .
S3
Then it packages your loan with a bunch of others into a bond .
T3
Then it packages your loan with a bunch of others into a bond .
S4
Investors buy the bond because they like the steady stream of cash that comes from people slowly paying off their debt .
T4
Investors buy the bond because they like the steady stream of cash that comes from people slowly paying off their debt .
S5
This goes on for a long while .
T5
This goes on for a long while .
S6
Then one day , you need another loan .
T6
Then one day , you need another loan .
S7
But this time , there is no money to lend because the global financial system has turned upside down , and the market for securitization - the process of packaging loans into bonds and freeing up cash for more lending - has fallen off a cliff .
T7
But this time , there is no money to lend becaue the global financial system has turned upside down , and the market for securitization - the process of packaging loans into bonds and freeing up cash for more lending - has fallen off a cliff .
S8
We ’re now suffering a financial Chernobyl , and securitization is radioactive .
T8
We 're now suffering a financial Chernobyl , and securitization is radioactive .
S9
It enabled us to gorge on money , which is what got us into this mess .
T9
It enabled us to gorge on money , which is what got us into this mess .
S10
The task now is to find the proper role for securitization so that it doesn ’t detonate again .
T10
The task now is to find the proper role for securitization so that it doesn 't detonate again .