"That's why we need strong rules of the road to guard against the kind of systemic risks we have seen.
VOA: special.2009.09.18
When they created margin rules that the seller had to be borrowing against securities. Just made more money when securities went up more value.
当我们发明保证金制度,卖空证券时需要交担保金,证券升值时能赚到更多钱。
Some years ago, when I was a graduate student, I was at Oxford in England and they had men's and women's colleges. They weren't yet mixed and the women's colleges had rules against overnight male guests.
很多年前,我在英国牛津读研究生时,他们有男校和女校,当时还没有合并,而女校有禁止男客过夜的规定。
The Obama administration in the coming weeks also will propose new and stronger rules to protect consumers and investors against financial fraud and abuse.
VOA: standard.2009.03.25
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