Fine, but that implies it is useful for someone to be selling these kinds of instruments.
2
问题在于投资人并不把金融资产当作其他产品一样对待;他们并不逢股价低廉而买进,股市低迷只会打击信心。
The problem is that investors do not regard financial assets as they do other goods; lower prices do not encourage them to buy more, but simply reduce their confidence.
3
不仅如此,贷款行严格了包括优先、次级抵押贷款债券的现行标准,使得借款人再融资更加困难。
Moreover, lenders have tightened underwriting standards across the board for both prime and subprime mortgages, making it harder for borrowers to refinance loans.