当然，在最近的信贷泡沫中，大型投行看上去像是典型的局内人：用没有几个人能真正理解的复杂结构性产品来糊弄人。

Certainly, in the latest credit bubble the big investment Banks look like classic insiders, selling pups in the form of complex structured products that few really understood.

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例如，美林在7月以22%的账面价值(低于当初入账的价格)卖了一个巨大的结构性信贷产品的资产组合。

For example, in July Merrill Lynch sold a big structured-credit portfolio at 22% of its face value-less than what was entered on its balance sheet.

youdao

例如，美林在7月以22%的账面价值(低于当初入账的价格)卖了一个巨大的结构性信贷产品的资产组合。

For example, in July Merrill Lynch sold a big structured-credit portfolio at 22% of its face value-less than what was entered on its balance sheet.

youdao