IT WAS NOT SO LONG AGO THAT BEAR Sterns, Lehman Brothers and Merrill Lynch were thriving businesses and leading players in international finance. Today they have disappeared or lost their independence, while the likes of Northern Rock, Hypo Real Estate and Dexia have been saved from ruin only by state intervention.
不太久远以前，贝尔斯登(Bear Sterns)、雷曼兄弟(Lehman Brothers)和美林(Merrill Lynch)还是蓬勃发展的企业、国际金融界的佼佼者。而今，他们要么已不复存在，要么失去了独立，而北岩银行(Northern Rock)、Hypo Real Estate和德克夏银行(Dexia)之流则是靠政府干预才幸免于难。
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