Once apparently destined for the financial history books, the alphabet soup of ABSs, MBSs, CLOs and others had a bumper year in 2013. More growth is expected this year.

尽管曾经有过惨痛的经历，但是资产担保证券、抵押贷款证券和贷款抵押债券以及其他许多以字母简称命名的证券在2013年却大获丰收。据预测，今年还会继续增长。

Some of the Kafkaesque structures spawned by securitisation—such as collateralised debt obligations that invested in other CDOs that themselves invested in MBSs—have been made prohibitively difficult to recreate.

由证券化引起的一些奇怪结构—例如将债务抵押债券投资到其他的债务抵押债券，而这些获得投资的债务抵押债券本身则又投资到抵押支付债券—已经被限制形成。