本帖最后由 huanxiong4903 于 2012-10-1 13:06 编辑
<Too Big to Fall> (1-50/725) #27 Week of Sep. 24th1. In a period of less than eighteen months,Wall Street had gone from celebrating its mostprofitable ago to finding itself on the brink of an epochal devastation.(brink 陡峭的边缘; epochal 划时代) 2.once-in-a-lifetime 3. But never haveI witnessed such fundamental and dramatic changes in business paradigms and thespectacular self-destruction of storiedinstitutions. 4. A failure thatbrought the world to its knees and raisedquestions about the very nature of capitalism. 5. There was no compelling reason to wait. 6. That wasanother take-away from the Long Term Capital fiasco: You had to kill rumors.Let them live and they became self-fulfillingprophecies. 7. The aristocratic, Yale-educated Lehman had reigned during the firm’s glory years andwas a banker to some of the biggest and most important U.S. corporations earlyin the American Century. 8. And in agalloping bull market, its profits and share price soared to unprecedentedheights. |