Another problem is that the cost-cutting approach hinders innovation and discourages creative people.
另一个问题是,削减成本的方法阻碍了创新,也阻碍了有创造力的人。
The governor of New York state, David Paterson, said a lack of transparency by institutions was at the root of the problem: "The idea of financial innovation has come back to bite us."
纽约州州长大卫·皮特森表示,问题的根源在于缺乏透明的管理机制:“金融革新的做法正在反噬我们”。
The problem is that the sector is no longer the growth industry investors thought it was in the 1990s and 2000s, when banks grew through leverage and financial innovation.
问题在于金融部门不再是90年代到2000年后投资者眼中的增长行业,当时银行通过杠杆作用和金融革新来实现增长。
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