We should be examining how to make derivatives and repo investors assume the full risk of their decisions when dealing with systemically vital financial institutions. Instead, we survived the financial tsunami of 2008, only to rebuild in the same place, on the main financial fault-lines, using the same flawed design.
我们必须研究如何令金融衍生品和再购协议投资者在和系统关键性金融机构做交易时承担其决策的全部风险。但我们却没有这样做，我们只是从2008年的金融海啸中侥幸生还，又在同一个地方进行重建，又走上了同一条错误金融路线，用的也还是那个有缺陷的设计。