IT WAS NOT SO LONG AGO THAT BEAR Sterns, Lehman Brothers and Merrill Lynch were thriving businesses and leading players in international finance. Today they have disappeared or lost their independence, while the likes of Northern Rock, Hypo Real Estate and Dexia have been saved from ruin only by state intervention.
不太久遠以前，貝爾斯登(Bear Sterns)、雷曼兄弟(Lehman Brothers)和美林(Merrill Lynch)還是蓬勃發展的企業、國際金融界的佼佼者。而今，他們要么已不復存在，要么失去了獨立，而北巖銀行(Northern Rock)、Hypo Real Estate和德克夏銀行(Dexia)之流則是靠政府干預才幸免于難。
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