发放这种存折(即发给接受住房或生活赠款的家庭的存折)的部分原因是为了确保资金使用的透明度。
The passbooks - given to each family receiving either a housing or livelihood grant - are part of the bid to ensure transparency with funding.
问题的部分原因在于很多次优按揭贷款发放于2006年末到2007年初,这段时期正好是信贷膨胀的末期。
Part of the problem is that much of the Alt-A lending came at the tail-end of the credit boom in late 2006 and early 2007.
部分原因是因为发放贷款成本太高,实际利率经常远低于传统的银行。
Partly because costs are so high, effective interest rates are often significantly steeper than those at traditional Banks.
So, the more enlightened view is, corporations only pay a stock dividend when they have some good news to announce.
所以更有说服力的观点是,公司发放股票股利的唯一原因是,他们有利好消息要公布了
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