Second was receivership: New Jefferson would be split into a good “bridge bank” with the soundest assets and secured creditors, and a “bad bank” with impaired assets and unsecured creditors.

第二个则是进行破产管理，既把新杰斐逊公司拆分成两个部分，一部分是有着最良好资产的”过渡银行“和有保障的债权人，另一部分则是满是坏资产的”坏账银行“和不受保护的债权人。

youdao

Need to Wall Street pay transcripts baidu double-sided pressure on a regular basis, one side need to find new business growth point, on the other hand also need to reduce bad assets drag on earnings.

需要定期向华尔街交成绩单的百度双面承压，其一方面急需找到新的业务增长点，另一方面也需要减轻不良资产对财报的拖累。

youdao

The government could then separate bad assets from good, appoint new managers and reprivatise the cleaned-up bits by selling them to investors (ideally, including some foreigners).

ECONOMIST: Japan's banks

Together, the top nine have written down bad assets by several hundred billion dollars, and they could use the new cash to cover future losses.

NPR: Despite Cash Injection, Banks Cautious On Lending

It could also develop a professional and uniform approach to valuing and disposing of bad assets while leaving new lending decisions to the good banks.

ECONOMIST: Economics focus