||1: Mr Purcell’s business model, common among Texas rural banks, was to keep loans on its books, internalising both their returns and their risks. ||2: In practice, this meant making small loans (under $60,000) at relatively high rates (7%, because small loans suffer from diseconomies of scale) with short terms (five years, to protect the bank against interest-rate risk) and final “balloon” payments that are usually rolled over. ||3: This approach differs radically from that of the major banks, which syndicated mortgages through Fannie Mae and Freddie Mac. ||4: The bank has not repossessed a home in seven years, or cost taxpayers a penny, but balloon payments and high rates are targeted under Dodd-Frank, which grants regulators wide discretion to decide what is “abusive”. ||5: Mr Purcell has stopped issuing mortgages and, because of other Dodd-Frank rules, processing international remittances.

||1:珀塞尔先生的商业模式在德州的农村银行里运用得很普遍，就是增加贷款金额，从而收获贷款利息和风险。||2:实际上，这意味着银行在短期内（为了保护银行免于利率浮动的风险，最长贷款时间为5年），靠小额贷款（低于6万美金）获取较高贷款利息（利率为7%，因为小额贷款规模太小）。还有一项，是气球型贷款，利息往往是翻番的。||3:这一经营方法迥异于大型银行，而且是从房利美和房贷美获得聚合的抵押资产。||4: Big Spring在七年的时间里，从未占有一间房屋，或者花纳税人一分钱，但是ballon和高利率在Dodd-Frank政策下就遭到质疑，这要求改革者必须极其谨慎，判断什么被“滥用”。 ||5:由于多德弗兰克法案关于国际汇款业务的其他规则，珀塞尔先生已经停止征收抵押资产。

internalising both their returns and their risks.

将受益与风险主观化

Keep a journal. This is a powerful way of not internalising your anger.

它是不将愤怒内化的有力途径。

I was internalising her voice in the same way as I had done with my first teacher.

像对第一位教练那样，我将她的声音深深印在了心底。