This has encouraged ever bigger bets with borrowed money, even though every seasoned investor knows that liquidity is the first thing to disappear when trouble strikes.
这却激励了用借来的钱进行更大的赌博投机行为，尽管每位经验的投资者知道当麻烦袭来时流动资金将是第一个消失的。
Banks should be forced to fund themselves with a lot more equity and other risk capital—possibly using bonds that automatically convert to equity when trouble strikes.
银行应该被强制要求在融资时大幅度提高股本和其他风险资本的金额——也许利用那些在遇到状况时能够自动转化为股本的债券。
Banks should be forced to fund themselves with a lot more equity and other risk capital—possibly using bonds that automatically convert to equity when trouble strikes.
银行应该被强制要求在融资时大幅度提高股本和其他风险资本的金额——也许利用那些在遇到状况时能够自动转化为股本的债券。
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