华尔街为这个名为“结构化财务”的新行业烹制的原因之一是,它的老式业务每天都在盈利。互联网竞争挤压了股票经纪的利润以及更传统的债券经纪的利润。
(One of the reasons Wall Street had cooked up this new industry called structured finance was that its old-fashioned business was every day less profitable. The profits in stockbroking, along with those in the more conventional sorts of bond broking, had been squashed by Internet competition.)