贝尔斯登

对贝尔斯登（bearstearns）的援助违反了所有这些原则。

All of these principles were violated in the Bear Stearns bail-out .

贝尔斯登资产管理公司（bearstearnsassetmanagement）旗下两家对冲基金近日破产，这提出了两个很少有人能够回答的问题。

The recent collapse of two hedge funds at Bear Stearns asset management raises two questions few people can answer .

贝尔斯登当初与中国建设银行（chinaconstructionbank）的谈判曾涉及利用可兑换债券的问题；而某种类型的混合股权可能仍在选择之列。

Earlier negotiations , with China Construction Bank , involved the use of convertible bonds ; and some sort of hybrid equity is likely to remain a feature .

贝尔斯登此前宣布从中国的中信证券（CiticSecurities）获得了10亿美元投资。

Bear previously announced a $ 1bn investment from Citic Securities of China .

通过特别贷款安排和拯救贝尔斯登，美联储（fed）已经开始这么做了。

The US Federal Reserve has already begun to do this with its special lending facilities and rescue of bear .

第三次开始于今年3月，就在贝尔斯登（BearStearns）被廉价出售之后。

The third rally started in March , after the fire sale of Bear Stearns .

今年3月，贝尔斯登被廉价出售给摩根大通（jpmorgan）。

Bear was sold to JPMorgan in a cut-price deal in March .

这家中国投行还曾考虑和业已不存在的贝尔斯登（BearStearns）进行10亿美元的交叉持股投资。

The Chinese bank had been weighing a $ 1bn cross-investment with the now-defunct Bear Stearns .

如果是10年前，贝尔斯登（bearstearns）倒闭可能不至于拖垮整个体系。

Ten years ago , Bear Stearns could probably have failed without dragging down the system .

雷曼、贝尔斯登和aig都广泛使用了这两种产品。

Both products were widely used by Lehman , bear and AIG .

在看到了贝尔斯登（bearstearns）的命运后，他有6个月的时间寻找一个买家。

Having seen the fate that befell Bear Stearns , he had six months to find a buyer .

贝尔斯登（BearStearns）的吉米•凯恩（JimmyCayne）也没有。

Nor did Jimmy Cayne at Bear Stearns .

自贝尔斯登（bearstearns）倒闭以来，这个问题一直若隐若现地萦绕在金融体系之中。

That question has been hovering , half-stated , over the financial system ever since Bear Stearns blew up .

本文作者LarryDoyle是华尔街资深人士，曾供职于第一波士顿（FirstBoston）、贝尔斯登（BearStearns）和UnionBank等银行。

Larry Doyle is a Wall Street veteran , having worked at such banks as First Boston , Bear Stearns and union bank .

这意味着，当发生低几率的灾难，这些业务会垮掉，就如同北岩银行（NorthernRock）和贝尔斯登（BearStearns）所发生的那些引人注目的事件。

This means that businesses will suddenly blow up when the low probability disaster occurs , as happened spectacularly at Northern Rock and Bear Stearns .

他提供的建议来自贝尔斯登（BearStearns）前董事长艾斯•格林伯格，后者一贯坚持卖出亏损股&没有任何借口。

He offers advice from former Bear Stearns chairman ace Greenberg , who always sells losing stocks & no excuses .

第二步是美国大型经纪自营商遭到挤兑：首先是贝尔斯登（BearStearns）在短短几天内就失去了流动性。

The next step was the run on the big US broker-dealers : first Bear Stearns lost its liquidity in days .

他们以为，今年3月贝尔斯登（bearstearns）出售给摩根大通（jpmorgan），就已经标志着这场危机达到了高潮。

They thought that the sale of Bear Stearns to JPMorgan in March had marked the nadir of the crisis .

今年3月份，美联储（Fed）邀请黑岩管理投资银行贝尔斯登（BearStearns）290亿美元的不良抵押贷款证券。

In March , the Federal Reserve asked it to manage $ 29bn in distressed mortgage securities from Bear Stearns , the investment bank .

此种担忧是去年3月为贝尔斯登（bearstearns）纾困的主要原因，也是此后政府采取众多干预措施的原因之一。

Such concerns were a key reason for the rescue of Bear Stearns last March and have influenced many interventions since then .

自从今年3月贝尔斯登（bearstearns）破产以来，投资者和竞争银行一直怀疑，雷曼是否可能遭遇相同的命运。

Ever since Bear Stearns collapsed in March , investors and rival bankers have questioned whether Lehman might suffer a similar fate .

2007年，花旗集团（citigroup）和贝尔斯登（bearstearns）等机构在理论上分离的企业中持有抵押贷款衍生品或对冲基金。

In 2007 , institutions such as Citigroup and Bear Stearns held mortgage derivatives or hedge funds in supposedly segregated companies .

迄今为止，市场面对坏消息时表现得还算从容，轻而易举地消化了贝尔斯登（bearstearns）旗下两家基金的问题。

So far the markets have taken bad news in their stride , easily digesting the problems at two Bear Stearns hedge funds .

但当2008年贝尔斯登（bearstearns）和雷曼兄弟爆发危机时，回购市场的重要性已变得很明显。

But when the crisis erupted at Bear Stearns and Lehman Brothers in 2008 , the importance of the repo market became clear .

美国投资银行贝尔斯登（bearstearns）低价出售，将信贷危机带入一个更为危险的新阶段。

The fire sale of Bear Stearns , the US investment bank , brings the credit crisis to a new , more dangerous phase .

中国近日揭开了今夏保守得最差的秘密之一：中信银行（citicbank）正考虑入股贝尔斯登（bearstearns）。

China yesterday let slip one of the worst kept secrets of the summer : that CITIC Bank is considering buying a stake in Bear Stearns .

信贷市场对债务违约的担忧昨日加剧，甚至超过了投资银行贝尔斯登（bearstearns）破产引起动荡之时。

Fears in credit markets over debt defaults intensified yesterday , surpassing those seen in the turmoil surrounding the collapse of investment bank Bear Stearns .

美国第五大投行贝尔斯登（BearStearns）去年3月份的倒闭，本该是需要采取紧急行动的暗示。

The March 2008 collapse of the fifth largest investment bank , Bear Stearns , should have been an indication that urgent action was needed .

例如，3月份的时候，许多观察人士包括我自己都认为，贝尔斯登（bearstearns）的破产可能标志着金融危机最糟糕时刻的来临。

Last March , for example , many observers including myself thought the implosion of Bear Stearns might mark the worst moment of financial stress .

自3月份对贝尔斯登（bearstearns）的纾困行动以来，随着基金出手低价买进，贷款市场的价格有所回升。

Since the rescue of Bear Stearns in March , prices in the loan market had recovered as funds stepped in to pick up bargains .