· the decision was made to eschew principles-based regulation and allow the shadow banking sector to grow with respect to its leverage and its compensation schemes, in the belief that the government’s guarantee of the commercial banking system was enough to keep us out of trouble;
· 当决定在影子银行部门的杠杆与补偿计划问题上回避了基于原则的管制，并允许其成长壮大，那时他们相信政府为商业银行体系提供的担保已足以令我们高枕无优；