The fastest-growing derivatives, for example, were not covered by commodity-futures laws, and the fastest-growing subprime lenders were not banks and thus not federally regulated.

• 最快成长的是不受商品期货法案约束的衍生产品，比如增长最快的次级贷款银行，他不是传统意义上的银行因此没有受到联邦的监管。