So let's go to this crisis, and the two huge epidemics of loan origination fraud that drove the crisis -- appraisal fraud and liar's loans -- and what we're going to see in looking at both of these is we got warnings that were incredibly early about these frauds.
Então, vamos falar desta crise, e das duas enormes epidemias da fraude aos empréstimos  que provocaram a crise — a fraude da avaliação  e os empréstimos sem garantias — O que vamos ver, olhando para estas duas coisas, é que tivemos avisos  incrivelmente precoces sobre estas fraudes.