Size and geographic reach allow big Banks to spread risk.

规模和地理范围允许大银行散播风险。

Financial engineering can indeed spread risk and help the system work better.

金融工程可以分散风险，并使得整个系统运转更好。

The stakes lock up a company's capital and it is hard to claim they spread risk.

持股关系束缚了资本的流动，却没有有效分散风险。

Narrow Banks are even more vulnerable than Banks that can spread risk using a portfolio.

相较使用组合分散风险的银行，“窄业银行”更为脆弱。

Mr Greenspan was half right. Financial engineering can indeed spread risk and help the system work better.

格林斯潘先生说对了一半，金融工程的确可以分散风险而且帮助整个系统更好的工作。