首先，它们减少了资金中对于短期债务的依赖。
First, they are less reliant on short-term debt for their funding.
他们认为，如果需求上涨的话，自己能永远滚动短期债务或卖出抵押债券。
They believed they could always roll over their short-term debts or sell their mortgage-backed securities, if the need arose.
但是同时应该预留货币空间以在不产生短期债务危机的情况下支持重建。
But there should be the monetary room to finance reconstruction without generating a near-term debt crisis.
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