The optimists argue that the Fed through the magic of fractional reserve banking can counter the forces of private sector credit contractions.
乐观主义者表示美联储通过部分储备金的“魔力”扭转了私企信用紧缩的问题。
2
More importantly, it is a giant in the over-the-counter derivatives market, and number one by a long way in credit-default swaps.
更重要的是，摩根大通是柜台交易衍生品市场的巨头，在信用违约掉期业务上长期处于霸主地位。
3
His fictitious portfolio did not just comprise over-the-counter transactions with big Banks, where agreed credit limits meant he could avoid margin calls.