Should the government encourage mortgage principal write-downs?

政府该不该鼓励按揭本金冲减？

UBS has reported massive write-downs and the biggest-ever Swiss loss.

瑞银报告大规模减记和有史以来最大的瑞士损失。

The league table of industry write-downs and credit losses is another indicator.

金融业的排名和信贷损失是另一个因素。

Without a recovery in asset values, banks would be forced to make further write-downs.

资产价值没有恢复，银行就会被迫进一步减值。

Without a recovery in asset values, banks would be forced to make further write - downs.

资产价值没有恢复, 银行就会被迫进一步减值.

Confidence in the bank evaporated after the collapse of two of its hedge funds and massive write-downs from losses related to the home loans industry.

旗下两个对冲基金的崩溃，以及房屋贷款业务亏损而带来的大量欠款，使得市场对于贝尔斯登的信心瞬间消失。

That makes it more likely that the price of state support for zombie companies will be that bondholders take write-downs along with shareholders, in order to protect taxpayers and policy holders.

这样一来，国家为支持那些僵尸公司所付出的代价就很可能是债券持有者与股东需要同时背书来保护纳税人和投保人。