First, the article sees about the classification of loans, describing the five processes which arise bad loans in normal loan activities. and analyze the causes for our commercial bank bad assets.

首先，从考察贷款分类入手，描述了正常贷款生成不良贷款的五个区间过程，分析了我国商业银行不良资产的成因。

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Take the hit up front by putting the toxic assets into a "bad bank" that acts as a cordon sanitaire.

通过将有毒资产放到充当警戒线的“坏银行”中来应对。

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Banks would achieve a return on their consigned assets only as the bad bank sold them or allowed them to mature.

只有当坏银行卖掉了寄售资产或者允许寄售资产到期，银行才能实现委托资产的相应回报。

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The bulk of that money is now being raised by forcing losses on large deposit holders as well as bond holders in Laiki bank, which will be split into a bad bank of toxic assets and a remaining viable core business.

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Peter Morici, professor at the Smith School of Business at the University of Maryland, says we still need a bad bank to sweep away the toxic assets and bad loans.

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Paul Miller of Friedman Billings Ramsey, an investment bank, says a government bad bank can pay more for assets than a private investor because its cost of funds is irrelevant, it needs no capital and can hold the assets to maturity.

ECONOMIST: Economics focus