美丽的插曲
林志炫身高May 9 英译汉（选作）
显卡超频Since the barbaric ‘breaking wheel ’was replaced by the guillotine in 18th-century France, methods of execution have increasingly sought to end life speedily rather than inflict long agony. There can, however, be few decapitations less painful than tho at big American banks. On November 4 Chuck Prince left the boss’s office at Citigroup, the world’s largest bank, with the ‘tremendous support and respect of the board ringing in his ears, even though the firm had to write down $8 billion-11 billion in October alone. A week earlier, Stan O’Neal lost his job at Merrill Lynch after leading the investment bank to a loss with $8.4 billion of write-downs. He too entered retirement not on a tumbril but in a limousine, with $160 million to soothe his discomfort.
描写烟花的优美段落
古人的字号However churlish you may feel about Wall Street’s new axiom—‘the higher they fly, the bigger the parachute’—the departure of two of America’s most nior bankers in a week is a good sign. Accountability, after all, is a step towards clarity, and there are few more coveted resources in today’s fog-strewn and stormy banking industry. Both departures were
设计师个人简介accompanied by revelations of much steeper loss form American subprime mortgages than either Citi or Merrill had owned up to just weeks before. That attempt at honesty may have spooked the market becau it showed how unsure the banks remain about how to value their subprime-relate asts, but that is no reason to shy away form such disclosures.
月字
One worrying lesson for bankers and regulators everywhere too bear in mind is post-bubble Japan. In the 1990s its leading bankers not only hung onto their jobs; they also refud to recognize and shed bad debts, in effect keeping ‘zombie’ loans on their books. That is one reason why the country’s economy stagnated for so long. The quicker bankers are to recognize their loss, to ll asts that they are hoarding in the vain hope that prices will recover, and to make markets in such asts for their clients the quicker the banking system will get back on its feet.
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