Wall Street's giddier commentators could hardly contain themselves "I would hug these guys" gushed Jim Cramer, a CNBC pundit whose screaming pleas for lower interest rates epitomised August's panic.

华尔街上那些发晕的评论员也张口结舌了，CNBC那博学的吉姆·克莱默泉涌般的说“我真想拥抱这些人”，他那疯狂般的呼声要求降息是8月恐慌的代表。

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With the strike price of the option set a long way above prevailing levels, they will have reckoned they could convert the debt into equity at ever giddier prices.

ECONOMIST: Life after debt?