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Sometimes, financial news can be hard to understand. Here, a former official of Goldman Sachs investment bank explains what his group did before the financial crisis.
JOSH BIRNBAUM: "In my point of view,Our desk began to accumulate short positions, purchasing protection on individual securities through credit default swaps, largely from external C.D.O. managers who asked us to bid for these positions."
| 重點單詞 | 查看全部解釋 | |||
| accumulate | [ə'kju:mjuleit] |
想一想再看 vt. 積聚，累加，堆積 |
聯想記憶 | |
| credit | ['kredit] |
想一想再看 n. 信用，榮譽，貸款，學分，贊揚，賒欠，貸方 |
聯想記憶 | |
| protection | [prə'tekʃən] |
想一想再看 n. 保護，防衛 |
聯想記憶 | |
| default | [di'fɔ:lt] |
想一想再看 n. 假設值，默認(值), 不履行責任，缺席 v. 默認 |
聯想記憶 | |
| external | [ik'stə:nl] |
想一想再看 adj. 外部的，外面的，外來的，表面的 |
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| understand | [.ʌndə'stænd] |
想一想再看 vt. 理解，懂，聽說，獲悉，將 ... 理解為，認為< |
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| securities |
想一想再看 n. 有價證券；擔保；保證人；抵押物（security的 |
聯想記憶 |
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