When the economy is booming and asset prices are rising, loans seem less risky so Banks are allowed to hold less capital at exactly the moment when they should be showing restraint.
当经济繁荣，资产价格上涨时，借贷风险似乎更小，此时银行恰好需要抑制借贷，却被允许持有更少资本。
2
Vertical restraint as one of the means of realizing this goal, arised at the historic moment.
纵向限制竞争行为作为实现这一目标的手段之一，应运而生。
3
Not for me is the love that knows no restraint, but like the foaming wine that having burst its vessel in a moment would run to waste.