他们无需进入廉价证券的整个儿森林，哪怕只抓住20或25支没有关联关系证券的树木——对于风险分散来说这个数目也就够了。
They don't need the entire market to be bargain priced, just 20 or 25 unrelated securities—a number sufficient for diversification of risk.
许多德国银行曾用廉价短期资金购买资产担保证券，以填充其资产负债表，但在去年资金枯竭时，这一战略遭遇惨败。
Many German Banks filled their balance sheets with asset-backed securities bought with cheap short-term funding in a strategy that unravelled spectacularly when funding dried up last year.
由于SIV购买的资产担保证券的需求已不复存在，某些SIV不得不廉价出售财产，偿付投资者。
As demand for the asst-backed securities that SIVs buy has evaporated, some have had to sell holdings at fire-sale prices to repay investors.
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