While the enormous volume of the bank debt implies that governments should shy away from socializing banking risks, it also suggests that only the banks’ creditors could reasonably be asked to foot the bill without being overburdened. Indeed, if, as some believe, only a fraction of the banks’ equity is at risk, the potential debt-equity swaps would be minuscule.
银行债务数量之巨意味着政府应该避免将其风险社会化，也意味着只有银行债权人可以被合理要求承担债务又不至于负担过重。事实上，有人认为，只有小部分银行股权是有风险的，潜在债务-股权交换量非常有限。