Although Bear Stearns has not yet admitted which versions of these derivatives it held, one can glean some characteristics from letters the funds sent to investors months ago.
虽然贝尔斯登还没有确认持有的是哪一类衍生证券,我们可以从这些基金几个月前致客户的信函中窥得一些特点。
Although polar bears' locomotion is similarly inefficient, polar bear cubs walk along with their mother.
尽管北极熊的运动能力同样低下,北极熊幼崽还是和妈妈一起前行。
Countries could then reduce their dollar exposure without pushing down the dollar (although it is unclear who would bear any exchange-rate losses).
各国就可以减少美元储备而不用让美元贬值(虽然还不知道谁会汇率损失埋单)。
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