The lack of equity resulted largely from the concept of “limited liability,” which provided an incentive for excessive leveraging. Earnings left inside a financial institution can easily be lost in turbulent times.
由于股本金的缺乏主要是由 “有限责任”的概念造成的，这种概念鼓励了对过度杠杆效应的运用。留在金融机构内部的收益在动荡的时代可以很容易地挥发。只有及时取出的收入才是落袋为安的。