The clients apparently thought they were buying bonds backed by student loans but were in fact buying dodgy mortgages, an impression due it seems to the wheeze of adding the description “student loan” to whatever the asset actually was."
Aparentemente, los clientes pensaban que compraban bonos respaldados por créditos estudiantiles pero en verdad estaban comprando arriesgadas hipotecas, una impresión que parece debida al truco de agregar la descripción “crédito estudiantil” a lo que fuera que el activo era.”