两道白痴题不能理解, 请大家帮忙.谢谢 government, describes, mortgage, although

plumeyin

 谁能帮我解释一下这两个例子啊,谢谢.

note 1 第26页 ex 7 和ex 8

ex 7
A member describes an interest-only collateralized mortgage obligation as guaranteed by the US government since it is a claim against the cash flows of a pool of guaranteed mortgages, although the payment stream and market value of the security are not guaranteed.

Comment:
This is a violation because of the misrepresentation.

这个例子的解释我能明白,但是例子我没明白.

ex 8
A member describes a bank CD as 'guaranteed'

Comment:
This is not a violation as long as the limits of the guarantee provided by the Federal Deposit Insurance Corporation are not exceeded and the nature of the guarantee is clearly explained to clients.

这个例子和解释我都没明白.

还请大家帮助一下.