Without securitisation, the world cannot sustain such extreme imbalances indefinitely.
如果没有证券化，全球就无法无限期的维持这种极端失衡状况。
Financial commentators should not denounce securitisation without acknowledging the point that is obvious to management commentators: bureaucratic risk controls are also flawed.
金融评论人士不应只谴责证券化，而不承认管理评论人士眼中显而易见的事实：官僚风险控制也存在缺陷。
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