The funds collapsed in 2007, in a prelude to the mortgage crisis that eventually felled Bear Stearns itself less than a year later and heralded the arrival of a full-blown credit crisis.

他们管理的基金在2007年倒闭，当时还是按揭贷款危机的前奏阶段，这场危机最终迫使贝尔斯登在不到一年之后破产，还预示了一场全面信贷危机的到来。

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This often leads to a credit crunch and sometimes to a full-blown banking crisis.

这通常会引发信贷危机，有些情况下，还可能引发全面的银行危机。

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This often leads to a credit crunch and sometimes to a full-blown banking crisis.

这通常会引发信贷危机，有些情况下，还可能引发全面的银行危机。

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