美联储官员正在为快速出售贝尔斯登公司给银行业巨头摩根大通以挽狂澜于既倒的行为进行辩护。
Federal officials are defending their actions to prevent the failure of Wall Street's Bear Sterns quickly selling to banking giant JP Morgan Chase.
该法案于1999年被废除，商业银行进而得以从事证券业务，并最终有实力与贝尔斯登和美林等公司竞争。
The repeal of Glass-Steagall, in 1999, allowed commercial banks to break into the securities business and ultimately gain the heft to compete with the likes of Bear Stearns and Merrill.
该法案于1999年被废除，商业银行进而得以从事证券业务，并最终有实力与贝尔斯登和美林等公司竞争。
The repeal of Glass-Steagall, in 1999, allowed commercial banks to break into the securities business and ultimately gain the heft to compete with the likes of Bear Stearns and Merrill.
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