The result will be excessive write-downs—as the stable value of assets is above today's distressed level.

结果将导致资产大幅度降价——应为稳定的资产价值高于现在的低价水平。

youdao

This will take time, more aggressive write downs of bad assets, and unfortunately probably more public capital.

这将需要时间，需要更积极的不良资产减记，以及不幸的是，可能还需要更多的公共资本。

youdao

As holders of mortgage-backed securities and the like revalue their assets at fire-sale prices, they are running short of capital-which can lead to further sales and more write-downs.

由于抵押贷款证券所有者和相关人士重新以甩卖价格估计资产，所以他们资本正在减少—这会导致更多的甩卖和更多的减记。

youdao

This is a company with off balance sheet debt that is over 60% of its net assets, write-downs that are over 25% of net assets, and after-tax profits that have been declining.

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Raising capital, at a time when Lehman is trying to reduce the leverage on its balance sheet by shedding assets, suggests that additional big write-downs are coming.

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Well, if you're a bank, that's a big problem, because if the value of your assets is falling and you have to start doing all these write-downs, you know, you can't lend as much because banks have capital requirements.

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