"There seems to be a predominance of short-term thinking at the expense of long-term investing," said Commissioner Daniel Gallagher of the US Securities and Exchange Commission in a speech this week.
Tier 1 capital includes common and preferred stock, cash reserves and certain other long-term "hybrid" securities.
一级资本比率包括包括普通股和优选股,现金储备,以及其他长期混合型证券。
3
They cared terribly about the consequences to their clients in the longterm from the securities they sold. That ethos, by the time the year 2006 came along, had pretty well disappeared.