The idea that accounting caused the crisis is specious, but Europe’s politicians, egged on by banks that took huge write-downs when market prices swooned, have nonetheless lashed out.

虽然并不是会计引起了这次危机，但欧洲的政客们在一些银行（一旦市场价格下跌，这些银行将会承受巨大的计提减值损）的怂恿下仍然猛烈地抨击着会计制度。

youdao

The idea that accounting caused the crisis is specious, but Europe's politicians, egged on by Banks that took huge write-downs when market prices swooned, have nonetheless lashed out.

虽然并不是会计引起了这次危机，但欧洲的政客们在一些银行(一旦市场价格下跌，这些银行将会承受巨大的计提减值损)的怂恿下仍然猛烈地抨击着会计制度。

youdao

These are marked to market and have been the main source of the savage write-downs that Banks have suffered.

这些资产是盯市的，并成为银行遭受大规模减记的主要根源。

youdao

In the current crisis, where there is no real market, the rule has forced massive write-downs, which have precipitated solvency and counter-party credit concerns that have caused further write-downs.

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"With its high leverage ratio to tangible common equity, we believe Lehman needs to raise substantial capital regardless of market conditions in order to take its needed write-downs, " Einhorn said in an email Tuesday.

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The frozen market for mortgage-backed securities was triggering massive write-downs, i.e. destroying capital, even while the underlying mortgages were still performing.

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