美国的金融系统正在经历一次根本性的再评估，以便为资本，杠杆以及利率确定可接受的水平。

America's financial system is undergoing a radical reassessment of what are acceptable levels of capital, leverage and interest rates.

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考虑到杠杆水平最近的爆炸式增长，挑战可能不仅仅是有毒抵押贷款担保证券的错误定价。

Given the recent explosion in leverage, the challenge is unlikely to be one of mispricing of the toxic mortgage-backed securities alone.

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到2009年中期，大多数国家金融机构的杠杆率下降到15年前的水平。

By mid-2009 financial leverage in most countries had fallen to around its average in the 15 years before the crisis.

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