只用一本书提高英语听力能力!重温经典名著双语阅读小编推荐:跟着纪录片学英语不背单词和语法,轻松学英语
返回列表 回复 发帖

[商业新闻] 【整理】2008-09-17&09-19 华尔街金融危机浅析

提高英语听力能力 找对方法很重要!

HW:

We used to have five major Wall Street firms, now we down to two. And the melt down of the three that we’ve seen, although Merrill by the way is not melt down was sold of premium had big number actually which is I think is under reported. But reason that only two of these firms have melted down is because the model of its rain down on Wall Street for decades is really a very bad model, especially for shareholders. These companies are focused on the employees and run completely for the benefit of the employees and not shareholders. Let me give you some examples. Lehman had leverage around 30 times of its book values which was over 20 billion so it had a 700-billion-dollar balance which was later reduced to around 600 billion when they were claiming to quote, deal leverage.

 

So that’s like having a mortgage on your house that’s 97% mortgage. If the value of your house drops and we have a bubble market. housing which was one of the reasons why we began reserve. In trouble you loose all your requite. That’s what happened to these firms. They were enormously over leverage. And we market turned to against them, they lost all the book value which was just saw clearly was illustrated by what the banks decided on Sunday when they decided not to build them out.

 

But when they get lucky, and interest rate drops which just happen almost all through Lehman’s history. Because when publican in 1994, the value of those assets swallowed enormously in the all look like geniuses. But eventually the markets turned to against them, the leverage bias to the wrong way and none of the usage paid of these are companies are paying out to the own employees never comes back.

 

We saw paid skills at Lehman and all these firms that are unprecedented outside of Hollywood maybe or may be height trunks. And they were /under deserve. Because they were strictly making money because of luck and usage leverage.

 

返回列表