Banks everywhere are learning the hard way that the debt with which the US financed its consumption boom will not necessarily be repaid. The mortgage-backed securities that US banks succeeded in selling to the world are not comparable to European assets with similar names.
各地的银行都在痛苦地醒悟到美国用来提供消费繁荣的债务并不一定会偿还。美国银行成功地销往世界的用房屋按揭贷款支持的证券无法与名字相似的欧洲资产相比。