Once it starts out a fraudulent loan, it can only be sold to the secondary market through more frauds, lying about the reps and warrantees, and then those people are going to produce mortgage-backed securities and exotic derivatives which are also going to be supposedly backed by those fraudulent loans.
欺骗性贷款一旦出现， 只能通过更多的欺诈行为， 如编造合约声明和保证条款 把这一借款转售给次级市场。 然后借方再推出 抵押贷款证券和 衍生产品， 而为这些产品进行担保的正是 欺骗性借款。