The bursting of bubbles causes credit contraction, the forced liquidation of assets, deflation and wealth destruction that may reach catastrophic proportions.

泡沫破裂导致可能达到灾难水平的信贷紧缩、资产清算、通缩以及财富缩水。

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If Lehman's assets are dumped in a liquidation, prices of like assets on other firms' books will also have to be marked down, eroding their capital bases.

如果雷曼的资产在清算时遭到抛售，其它公司帐上的资产同样会减值缩水，这会侵蚀其资本基础。

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Two banks went bust in 1965, leading to calls for depositors to be made good by the government (which would then recover what it could from the liquidation of bank assets), for the introduction of deposit insurance and the creation of a government-backed industrial bank.

ECONOMIST: Hong Kong's economy

If there is an insolvency, it would be in the public's best interest to allow the insurance entities to continue, however it will require a restructuring and even liquidation of the other assets within AIG's portfolio.

FORBES: Magazine Article

To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle, according to regulatory filings.

FORBES: Magazine Article