Profs Bebchuk and Spamann add that four features of the modern financial system make the situation even worse: first, the capital of banks is itself partly funded by debt;

• 拜伯切克和斯班曼教授补充道，现代金融体系的4个特征令情况更加恶化：首先，银行资本本身就有一部分来自债务；