没有对冲基金来购买这些债券和贷款,风险可能会回到银行的资产负债表中。
Without hedge funds to buy the bonds or loans, the risk may end up back on the Banks' balance sheets.
对冲基金可以在股价大跌时抛光股票,然后压低华尔街资产负债表上的债务抵押债券价格。
Hedge funds could short financial stocks and then bid down the prices of CDOs stuck on Wall Street's balance sheets.
因此,为避免资本单薄的机构一面承诺偿清固定债务、一面承担资产负债表的贷方风险,金融机构应变身为共同基金。
So, instead of having thinly capitalised entities taking risks on the lending side of the balance sheet while promising to redeem fixed obligations, financial institutions would become mutual funds.
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