When Warren made his investment in Salomon,
当沃伦投资所罗门时
I was one of the people, along with many, many others,who were quite amazed, because he had taken
我很很多人一样 都非常惊讶
a very critical tone in talking about investment bankers and about their greed.
因为他对投行人士和他们的贪婪都是报以批评的态度
And here he was investing in one,Salomon Brothers,that was known to be a member of the club.
而他就投资了其中之一 所罗门兄弟 就是银行成员之一
Warren and Charlie were on the board,
沃伦和查理在董事会上
and Charlie couldn't stand what was going on there and didn't like the culture at all.
查理不赞成所发生的事情 他不喜欢那种文化
And shortly after they got involved, the thing exploded.
在他们参与后不久 就出事了
In 1991 on a terrible day in August,
1991年八月 一个糟糕的日子
I got a call, and the two top officers of Salomon were on the other end, and they said that--that... "We have problem."
我接到一个电话 是两名所罗门的高管打来的 他们说 我们遇到了问题
This is "NBC Nightly News."
这里是NBC晚间新闻
Good evening. It is the kind of scandal that rocks Wall Street and raises questions,
晚上好 这里是震动华尔街的新闻 反映了
questions about the integrity of our financial institutions.
我们金融机构的诚信问题
The giant securities firm of Salomon Brothers under investigation for improper trading of treasury bonds.
所罗门兄弟旗下证券公司正因长期债的不正当交易遭到调查
Salomon admitted it exceeded the limit of trading in government bonds,
所罗门承认超出了交易政府债券的限制
once by buying bonds in the name of a customer who didn't even know about the deal.
一次是由于使用不知情客户的名义购买债券
Salomon Brothers is under investigation by the Treasury Department,the Federal Reserve, the SEC, and the Justice Department.
所罗门兄弟正遭到财务部的 美联储 美国证券交易委员会和司法部门的调查
But more important than the fate of the firm itself is the impact their actions could have on the public trust and on the credibility of the American market worldwide.
但是比公司造假本身更加重要的是 这种行为会对美国市场的公信度和可信性造成打击