The problem is that the sector is no longer the growth industry investors thought it was in the 1990s and 2000s, when banks grew through leverage and financialinnovation.
The governor of New York state, David Paterson, said a lack of transparency by institutions was at the root of the problem: "The idea of financialinnovation has come back to bite us."
纽约州州长大卫·皮特森表示，问题的根源在于缺乏透明的管理机制：“金融革新的做法正在反噬我们”。
3
Financial crisis brings opportunities for the technological innovation of Chinese timber industry.