· Clogged credit pipes: With banks’ balance sheets contracting, too many small and medium-size companies are unable to mobilize credit for investment and growth. Recognizing that it will take years until banks are properly stabilized, America needs to build new conduits for credit.
· 信用渠道不畅：银行资产负债表仍在收缩，太多中小规模企业无法动员足够的信用用于投资和增长。意识到银行稳下来需要几年才能实现，美国需要打造新的信用渠道。