But the financial wizards were too busy reinventing finance - or so they thought - to notice that their balance sheets were being stretched beyond their breaking point.
The Fed has taken on extensive new powers in the past year—which may not be healthy either for the financial system or for the Fed, whose principal duties are to maintain stable prices and jobs.
3
纽约可能被伦敦超越,失去全球金融中心的地位。
New York could find itself eclipsed by London as the world's financial hub.