Hard-to-sell long-term securities had been bought with short-lived debt, which left borrowers vulnerable to a change in sentiment every time the debt fell due.
Hard-to-sell long-term securities had been bought with short-lived debt, which left borrowers vulnerable to a change in sentiment every time the debt fell due.
难以出售的长期证券和短期债务同时买入，这让借贷方易于受到每次债务到期时市场情绪变化的影响。