efficiency first then equity 效率优先兼顾公平
They tend to look at needs first, and then equity.
他们往往会先看双方需求,然后才是平等。
Then, not long after, they often borrowed even more money, using the company’s assets as collateral — just like home buyers who took out home equity loans on top of their first mortgages.
这样不用过多久他们就可以利用公司资产做抵押来借更多的钱----就像买房时拿出住宅股权贷款做为首要抵押一样。
America's capital injections to date have imposed less onerous terms, but its Banks still need a reasonable level of common equity to act as a credible first defence against losses.
到目前为止,美国的注入资本要求很少的公司义务。但是美国的银行任然需要相当规模的普通股以作为保护银行免遭损失的第一道防线。
First, in terms of equity bias.
第一,股权偏好
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