{"id":3440,"date":"2008-04-28T10:18:05","date_gmt":"2008-04-28T10:18:05","guid":{"rendered":"http:\/\/geoeconomics.ge\/ge\/?p=3440"},"modified":"2015-06-23T11:17:16","modified_gmt":"2015-06-23T11:17:16","slug":"%e1%83%a1%e1%83%a3%e1%83%91-%e1%83%9e%e1%83%a0%e1%83%90%e1%83%98%e1%83%9b-%e1%83%98%e1%83%9e%e1%83%9d%e1%83%97%e1%83%94%e1%83%99%e1%83%a3%e1%83%a0%e1%83%98-%e1%83%a1%e1%83%94%e1%83%a1%e1%83%ae","status":"publish","type":"post","link":"https:\/\/geoeconomics.ge\/?p=3440","title":{"rendered":"\u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10d0\u10e8\u10e8-\u10e8\u10d8"},"content":{"rendered":"<p><strong>\u10dc\u10d8\u10d9\u10d0 \u10d5\u10d0\u10e0\u10d3\u10d8\u10e8\u10d5\u10d8\u10da\u10d8 <\/strong><\/p>\n<p>2008 \u10ec\u10da\u10d8\u10e1 16 \u10db\u10d0\u10e0\u10e2\u10e1 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10e4\u10d4\u10d3\u10d4\u10e0\u10d0\u10da\u10e3\u10e0\u10db\u10d0 \u10e1\u10d0\u10e0\u10d4\u10d6\u10d4\u10e0\u10d5\u10dd \u10e1\u10d0\u10db\u10e1\u10d0\u10ee\u10e3\u10e0\u10db\u10d0 \u10e3\u10e9\u10d5\u10d4\u10e3\u10da\u10dd \u10dc\u10d0\u10d1\u10d8\u10ef\u10d8 \u10d2\u10d0\u10d3\u10d0\u10d3\u10d2\u10d0, \u10e0\u10d0\u10d7\u10d0 Bear Stearns-\u10d8, \u10d0\u10e8\u10e8-\u10e1 \u10e1\u10d8\u10d3\u10d8\u10d3\u10d8\u10d7 \u10db\u10d4-5 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d1\u10d0\u10dc\u10d9\u10d8 \u10d2\u10d0\u10d9\u10dd\u10e2\u10e0\u10d4\u10d1\u10d8\u10e1\u10d2\u10d0\u10dc \u10d4\u10ee\u10e1\u10dc\u10d0. \u10d0\u10db \u10e5\u10db\u10d4\u10d3\u10d4\u10d1\u10d8\u10d7 \u10e4\u10e1\u10e1-\u10db \u10db\u10d8\u10d0\u10dc\u10d8\u10e8\u10dc\u10d0, \u10e0\u10dd\u10db \u10e1\u10d0\u10ed\u10d8\u10e0\u10dd\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d7\u10ee\u10d5\u10d4\u10d5\u10d0\u10e8\u10d8 \u10d8\u10e1 \u10e1\u10ee\u10d5\u10d0 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc \u10d1\u10e0\u10dd\u10d9\u10d4\u10e0\u10e3\u10da \u10e4\u10d8\u10e0\u10db\u10d4\u10d1\u10e1\u10d0\u10ea \u10d3\u10d0\u10d4\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10dd\u10d3\u10d0. \u10dd\u10e0\u10d8 \u10d3\u10e6\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2, fed-\u10db\u10d0 \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8 2.5%-\u10db\u10d3\u10d4 \u10d3\u10d0\u10e1\u10ec\u10d8\u10d0. <!--more--><\/p>\n<p>      \u10ea\u10dc\u10dd\u10d1\u10d8\u10da\u10d8 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10df\u10e3\u10e0\u10dc\u10d0\u10da The Economist-\u10d8\u10e1 19 \u10db\u10d0\u10e0\u10e2\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10ea\u10d4\u10db\u10d0\u10e8\u10d8 \u10d0\u10e6\u10dc\u10d8\u10e8\u10dc\u10e3\u10da\u10d8\u10d0, \u10e0\u10dd\u10db \u10e4\u10e1\u10e1-\u10e1 \u10e5\u10db\u10d4\u10d3\u10d4\u10d1\u10d0\u10db \u10d0\u10e8\u10e8-\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10dd\u10e0\u10d8 \u10d0\u10e1\u10de\u10d4\u10e5\u10e2\u10d8 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10e9\u10d8\u10dc\u10d0: \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10d8, \u10d0\u10dc\u10d0\u10da\u10d8\u10e2\u10d8\u10d9\u10e3\u10e0\u10d8, \u10e0\u10dd\u10db \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd\u10e1 \u10e1\u10ed\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d0\u10ee\u10d0\u10da\u10d8 \u10db\u10d8\u10d3\u10d2\u10dd\u10db\u10d0 \u10e1\u10d0\u10d4\u10e0\u10d7\u10dd\u10d3 \u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10d4\u10d1\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10d8\u10e1 \u10d0\u10dc\u10d0\u10da\u10d8\u10d6\u10d8\u10e1\u10d0\u10d3\u10db\u10d8 \u10d3\u10d0 \u10db\u10d4\u10dd\u10e0\u10d4, \u10e1\u10d0\u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10dd \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10d0\u10ee\u10d0\u10da, \u10e3\u10e4\u10e0\u10dd \u10e1\u10d0\u10e8\u10d8\u10e8 \u10e4\u10d0\u10d6\u10d0\u10e8\u10d8 \u10e8\u10d4\u10d5\u10d8\u10d3\u10d0.<br \/>\n      \u10ec\u10da\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d0\u10e8\u10d8 \u10ec\u10d0\u10e0\u10db\u10d0\u10e2\u10d4\u10d1\u10d8\u10d7 \u10e4\u10e3\u10dc\u10e5\u10ea\u10d8\u10dd\u10dc\u10d8\u10e0\u10d4\u10d1\u10d0\u10d3\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d8\u10e1 \u10d2\u10d0\u10d3\u10d0\u10e0\u10e9\u10d4\u10dc\u10d0 \u10e4\u10d4\u10d3-\u10e1 30 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10d3\u10d0\u10e3\u10ef\u10d3\u10d0, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d0\u10db \u10e5\u10db\u10d4\u10d3\u10d4\u10d1\u10d8\u10d7 \u10e4\u10e1\u10e1-\u10db \u10d1\u10d4\u10d5\u10e0\u10d0\u10d3 \u10e3\u10e4\u10e0\u10dd \u10d3\u10d8\u10d3\u10d8 \u10e1\u10d0\u10e4\u10e0\u10d7\u10ee\u10d4 \u10d0\u10d8\u10ea\u10d8\u10da\u10d0. Bear Stearns-\u10d8\u10e1 \u10d2\u10d0\u10d9\u10dd\u10e2\u10e0\u10d4\u10d1\u10d0 \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10d3\u10d8\u10d3 \u10d9\u10d0\u10e2\u10d0\u10d9\u10da\u10d8\u10d6\u10db\u10d4\u10d1\u10e1 \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d4\u10d5\u10d3\u10d0 \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10e1\u10d0\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10dd \u10e1\u10d8\u10e1\u10e2\u10d4\u10db\u10d0\u10e8\u10d8, \u10d5\u10d8\u10dc\u10d0\u10d8\u10d3\u10d0\u10dc \u10d4\u10e1 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d0 \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7 10 \u10e2\u10e0\u10d8\u10da\u10d8\u10dd\u10dc\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10e1\u10d5\u10dd\u10de \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d0\u10e8\u10d8 \u10e8\u10e3\u10d0\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10d8\u10e7\u10dd. \u10d0\u10e6\u10e1\u10d0\u10dc\u10d8\u10e8\u10dc\u10d0\u10d5\u10d8\u10d0, \u10e0\u10dd\u10db Bear Stearns-\u10d8\u10e1 \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 39%-\u10d8 JP Morgan-\u10db\u10d0 2 \u10d3\u10dd\u10da\u10d0\u10e0\u10d0\u10d3 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10db\u10d0\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2 \u10e8\u10d4\u10d8\u10eb\u10d8\u10dc\u10d0, \u10e0\u10d0\u10ea \u10e4\u10d4\u10d3-\u10d8\u10e1\u10d0\u10d2\u10d0\u10dc \u10d6\u10d4\u10db\u10dd\u10d7 \u10d0\u10e6\u10dc\u10d8\u10e8\u10dc\u10e3\u10da\u10d8 30 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8\u10d0\u10dc\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d8 \u10db\u10d8\u10d8\u10e6\u10dd \u10db\u10d0\u10e8\u10d8\u10dc, \u10e0\u10dd\u10ea\u10d0 \u10ef\u10d4\u10e0 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 Bear Stearns-\u10d8\u10e1 \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0 100 \u10d3\u10dd\u10da\u10d0\u10e0\u10d6\u10d4 \u10db\u10d4\u10e2\u10d8 \u10d8\u10e7\u10dd.<br \/>\n      \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8<br \/>\n      \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10e1\u10d4\u10e1\u10ee\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d8\u10e1 \u10d0\u10ee\u10d0\u10da\u10d8 \u10e1\u10d0\u10ee\u10d4\u10d0. \u10db\u10d0\u10e1 \u10db\u10d4\u10dd\u10e0\u10d4 \u10e8\u10d0\u10dc\u10e1\u10d8\u10e1&#8221; \u10e1\u10d4\u10e1\u10ee\u10e1\u10d0\u10ea \u10e3\u10ec\u10dd\u10d3\u10d4\u10d1\u10d4\u10dc. \u10d8\u10d2\u10d8 \u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10dd\u10d1\u10e1 \u10e1\u10d4\u10e1\u10ee\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d4\u10db\u10d0\u10e1 \u10e3\u10e4\u10e0\u10dd \u10db\u10d0\u10e6\u10d0\u10da\u10d8 \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8\u10d7 \u10d9\u10da\u10d8\u10d4\u10dc\u10e2\u10d4\u10d1\u10d6\u10d4, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10d8\u10ea \u10d5\u10d4\u10e0 \u10d0\u10d9\u10db\u10d0\u10e7\u10dd\u10e4\u10d8\u10da\u10d4\u10d1\u10d4\u10dc \u10e9\u10d5\u10d4\u10e3\u10da\u10d4\u10d1\u10e0\u10d8\u10d5\u10d8 \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d8\u10e1 \u10db\u10d8\u10e1\u10d0\u10e6\u10d4\u10d1\u10d0\u10d3 \u10e1\u10d0\u10ed\u10d8\u10e0\u10dd \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d4\u10d1\u10e1. \u10d0\u10e1\u10d4\u10d7\u10d8 \u10e1\u10d0\u10ee\u10d8\u10e1 \u10e1\u10d4\u10e1\u10ee\u10d8 \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10d2\u10d0\u10d8\u10ea\u10d4\u10e1 \u10d9\u10da\u10d8\u10d4\u10dc\u10e2\u10d4\u10d1\u10d6\u10d4, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10e1\u10d0\u10ea \u10ea\u10e3\u10d3\u10d8 \u10e1\u10d0\u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10dd \u10d8\u10e1\u10e2\u10dd\u10e0\u10d8\u10d0 \u10d0\u10e5\u10d5\u10d7 \u10d0\u10dc \u10d0\u10e0 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0\u10d7 \u10e1\u10d4\u10e1\u10ee\u10d8\u10e1 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d0.<br \/>\n      \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10db\u10d0 \u10d7\u10d0\u10d5\u10d8 2006 \u10ec\u10d4\u10da\u10e1 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10e8\u10d4\u10d4\u10e0\u10d7\u10d4\u10d1\u10e3\u10da \u10e8\u10e2\u10d0\u10e2\u10d4\u10d1\u10e8\u10d8 \u10d8\u10e9\u10d8\u10dc\u10d0 \u10d3\u10d0 2007-2008 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8 \u10e1\u10d4\u10e0\u10d8\u10dd\u10d6\u10e3\u10da \u10e1\u10d0\u10d4\u10e0\u10d7\u10d0\u10e8\u10dd\u10e0\u10d8\u10e1\u10dd \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d0\u10d3 \u10d2\u10d0\u10d3\u10d0\u10d8\u10e5\u10ea\u10d0, \u10e0\u10d0\u10db\u10d0\u10ea \u10d3\u10d8\u10d3\u10d8 \u10d6\u10d8\u10d0\u10dc\u10d8 \u10db\u10d8\u10d0\u10e7\u10d4\u10dc\u10d0 \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0\u10e1.<br \/>\n      \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10ec\u10d0\u10dc\u10d0\u10db\u10eb\u10e6\u10d5\u10e0\u10d4\u10d1\u10d8 \u10d8\u10e7\u10dd \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d0\u10e8\u10d8 \u10e3\u10eb\u10e0\u10d0\u10d5\u10d8 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e9\u10e5\u10d0\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d0 \u10d3\u10d0 \u10d3\u10d8\u10d3\u10d8 \u10dd\u10d3\u10d4\u10dc\u10dd\u10d1\u10d8\u10d7 \u10ea\u10d5\u10d0\u10da\u10d4\u10d1\u10d0\u10d3\u10d8 \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8\u10d7 \u10d2\u10d0\u10ea\u10d4\u10db\u10e3\u10da\u10d8 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8, \u10d0\u10e0\u10d0\u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10d3\u10d0 \u10db\u10d0\u10e6\u10d0\u10da\u10e0\u10d8\u10e1\u10d9\u10d8\u10d0\u10dc\u10d8 \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d8. 2007 \u10ec\u10da\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 \u10d0\u10e1\u10d4\u10d7\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10e1\u10d0\u10d4\u10e0\u10d7\u10dd \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0\u10db 1,3 \u10e2\u10e0\u10d8\u10da\u10d8\u10dd\u10dc\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0. \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10dd\u10e1\u10d0\u10d5\u10da\u10d8\u10d0\u10dc\u10dd\u10d1\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0 \u10de\u10d8\u10e0\u10dd\u10d1\u10d0\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10d3\u10d0 \u10e3\u10eb\u10e0\u10d0\u10d5 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d0\u10d6\u10d4 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10dc\u10e3\u10ee\u10e0\u10d4\u10da\u10d8 \u10db\u10d0\u10e2\u10d4\u10d1\u10d0. \u10db\u10d0\u10d2\u10e0\u10d0\u10db 2006-2007 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10db\u10d9\u10d5\u10d4\u10d7\u10e0\u10d0\u10d3 \u10d3\u10d0\u10d4\u10ea\u10d0, \u10e0\u10d0\u10db\u10d0\u10ea \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d6\u10d4 \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8 \u10d0\u10e1\u10ec\u10d8\u10d0. \u10d8\u10e1\u10d4\u10d3\u10d0\u10ea \u10d0\u10e0\u10d0\u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d8\u10d3\u10d8 \u10dc\u10d0\u10ec\u10d8\u10da\u10d8 \u10e3\u10d8\u10db\u10d4\u10d3\u10dd\u10d7\u10d0 \u10e0\u10d8\u10d2\u10d4\u10d1\u10e8\u10d8 \u10e9\u10d0\u10d4\u10ec\u10d4\u10e0\u10d0. 2007 \u10ec\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d0\u10e8\u10d8 1.3 \u10db\u10d8\u10da\u10d8\u10dd\u10dc\u10d8 \u10d4\u10e0\u10d7\u10d4\u10e3\u10da\u10d8 \u10e3\u10eb\u10e0\u10d0\u10d5\u10d8 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d0 \u10e9\u10d0\u10db\u10dd\u10d4\u10e0\u10d7\u10d5\u10d0 \u10db\u10e4\u10da\u10dd\u10d1\u10d4\u10da\u10d4\u10d1\u10e1. 2007 \u10ec\u10da\u10d8\u10e1 22 \u10d3\u10d4\u10d9\u10d4\u10db\u10d1\u10e0\u10d8\u10e1 The Economist-\u10d8 \u10d8\u10e3\u10ec\u10e7\u10d4\u10d1\u10d0, \u10e0\u10dd\u10db \u10e9\u10d0\u10db\u10dd\u10e0\u10d7\u10db\u10d4\u10e3\u10da\u10d8 \u10e3\u10eb\u10e0\u10d0\u10d5\u10d8 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e1\u10d0\u10d4\u10e0\u10d7\u10dd \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0\u10db 200-300 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0. \u10db\u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10da\u10d4\u10d1\u10d8\u10e1 \u10d5\u10d0\u10da\u10e3\u10d5\u10d0\u10da\u10dd\u10d1\u10d0\u10db \u10de\u10d8\u10e0\u10d5\u10d4\u10da \u10e0\u10d8\u10d2\u10e8\u10d8 \u10d2\u10d0\u10db\u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10da\u10d4\u10d1\u10d8 \u10d3\u10d0\u10d0\u10d6\u10d0\u10e0\u10d0\u10da\u10d0. \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10db\u10d0 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10d8\u10dc\u10e1\u10e2\u10d8\u10e2\u10e3\u10e2\u10d4\u10d1\u10db\u10d0, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10db\u10d0\u10ea \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8 \u10d2\u10d0\u10e1\u10ea\u10d4\u10e1, 2008 \u10ec\u10da\u10d8\u10e1 1 \u10d0\u10de\u10e0\u10d8\u10da\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1, 200 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10d6\u10d0\u10e0\u10d0\u10da\u10d8 \u10d2\u10d0\u10dc\u10d8\u10ea\u10d0\u10d3\u10d4\u10e1. \u10d1\u10d4\u10d5\u10e0 \u10d2\u10d0\u10db\u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d4\u10da\u10e1 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10e3\u10e4\u10da\u10d4\u10d1\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10d8, \u10e1\u10d4\u10e5\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10db\u10d4\u10e5\u10d0\u10dc\u10d8\u10d6\u10db\u10d8\u10d7 \u10d2\u10d0\u10d3\u10d0\u10ea\u10d4\u10db\u10e3\u10da\u10d8 \u10e5\u10dd\u10dc\u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d8\u10d7 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1\u10d0 (Mortgage-Backed Securities-MBS) \u10d3\u10d0 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10e1\u10d0\u10d5\u10d0\u10da\u10dd \u10dd\u10d1\u10da\u10d8\u10d2\u10d0\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 (collateralized debt obligations &#8211; CDO) \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d8\u10d7. \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d0\u10e3\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10da\u10dd\u10d1\u10d0\u10db \u10d3\u10d0\u10d0\u10d6\u10d0\u10e0\u10d0\u10da\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10db\u10d0\u10d7\u10d8 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d8\u10d7 \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d8.<br \/>\n      \u10d2\u10d0\u10e3\u10e0\u10d9\u10d5\u10d4\u10d5\u10da\u10dd\u10d1\u10d0\u10db, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d0\u10db \u10db\u10dd\u10d5\u10da\u10d4\u10dc\u10d4\u10d1\u10db\u10d0 \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d8\u10d0, \u10d0\u10d8\u10eb\u10e3\u10da\u10d0 \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10e1\u10d0\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10dd \u10d8\u10dc\u10e1\u10e2\u10d8\u10e2\u10e3\u10e2\u10d4\u10d1\u10d8 \u10d2\u10d0\u10d4\u10d6\u10d0\u10e0\u10d3\u10d0\u10d7 \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8. \u10e8\u10d4\u10e4\u10d4\u10e0\u10ee\u10d3\u10d0 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10d7 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d6\u10d4. \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10d8\u10e1 \u10da\u10d8\u10d9\u10d5\u10d8\u10d3\u10e3\u10e0\u10dd\u10d1\u10d8\u10e1 \u10e8\u10d4\u10e1\u10d0\u10dc\u10d0\u10e0\u10e9\u10e3\u10dc\u10d4\u10d1\u10da\u10d0\u10d3 \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10d8 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d8\u10e1 \u10ea\u10d4\u10dc\u10e2\u10e0\u10d0\u10da\u10e3\u10e0 \u10d1\u10d0\u10dc\u10d9\u10e1 \u10db\u10dd\u10e3\u10ee\u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0\u10d3\u10d0\u10e1\u10ee\u10d5\u10d0 \u10e6\u10dd\u10dc\u10d8\u10e1\u10eb\u10d8\u10d4\u10d1\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10dc\u10ee\u10dd\u10e0\u10ea\u10d8\u10d4\u10da\u10d4\u10d1\u10d0.<br \/>\n      \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10db\u10d0 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d0 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10dc\u10d0\u10d3 \u10e8\u10d4\u10d0\u10e4\u10d4\u10e0\u10ee\u10d0. \u10e3\u10e4\u10e0\u10dd \u10db\u10ea\u10d8\u10e0\u10d4, \u10e4\u10e0\u10d7\u10ee\u10d8\u10da\u10d8 \u10d3\u10d0 \u10db\u10dd\u10d6\u10dd\u10db\u10d8\u10da\u10d8 \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d4\u10db\u10d0\u10db \u10e8\u10d4\u10d0\u10db\u10ea\u10d8\u10e0\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d4\u10d1\u10d8 \u10e1\u10d0\u10ec\u10d0\u10e0\u10db\u10dd\u10dd \u10d3\u10d0 \u10e1\u10d0\u10db\u10dd\u10db\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10da\u10dd \u10e1\u10d4\u10e5\u10e2\u10dd\u10e0\u10e8\u10d8. \u10e1\u10d0\u10db\u10e8\u10d4\u10dc\u10d4\u10d1\u10da\u10dd \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10db\u10dd\u10ed\u10d0\u10e0\u10d1\u10d4\u10d1\u10e3\u10da\u10db\u10d0 \u10db\u10d8\u10ec\u10dd\u10d3\u10d4\u10d1\u10d0\u10db \u10d2\u10d0\u10dc\u10d0\u10de\u10d8\u10e0\u10dd\u10d1\u10d0 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0, \u10e0\u10d0\u10db\u10d0\u10ea \u10d0\u10e1\u10d4\u10d5\u10d4 \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d0 \u10d8\u10e5\u10dd\u10dc\u10d8\u10d0 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d8\u10e1 GDP-\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10d3\u10d8\u10dc\u10d0\u10db\u10d8\u10d9\u10d0\u10d6\u10d4. \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10e8\u10d4\u10db\u10e1\u10e3\u10d1\u10e3\u10e5\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10d6\u10dc\u10d8\u10d7 \u10e4\u10d4\u10d3-\u10d8 \u10de\u10d4\u10e0\u10db\u10d0\u10dc\u10d4\u10dc\u10e2\u10e3\u10da\u10d0\u10d3 \u10d0\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10e1 \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10e1, \u10d1\u10e3\u10e8\u10d8\u10e1 \u10d0\u10d3\u10db\u10d8\u10dc\u10d8\u10e1\u10e2\u10e0\u10d0\u10ea\u10d8\u10d0\u10db \u10d9\u10d8 \u10db\u10d8\u10d8\u10e6\u10dd \u10d4.\u10ec. \u10e1\u10e2\u10d8\u10db\u10e3\u10da\u10d8\u10e0\u10d4\u10d1\u10d8\u10e1 \u10de\u10d0\u10d9\u10d4\u10e2\u10d8. \u10dd\u10e0\u10d8\u10d5\u10d4 \u10d4\u10e1 \u10e6\u10dd\u10dc\u10d8\u10e1\u10eb\u10d8\u10d4\u10d1\u10d0 \u10db\u10d8\u10db\u10d0\u10e0\u10d7\u10e3\u10da\u10d8\u10d0 \u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10e3\u10e0 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d6\u10d4 \u10ec\u10d4\u10e1\u10e0\u10d8\u10d2\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10db\u10e7\u10d0\u10e0\u10d4\u10d1\u10da\u10d0\u10d3 \u10d3\u10d0 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10ec\u10d0\u10e1\u10d0\u10ee\u10d0\u10da\u10d8\u10e1\u10d4\u10d1\u10da\u10d0\u10d3.<br \/>\n      \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 (\u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10e1\u10ee\u10d5\u10d0 \u10db\u10e1\u10d2\u10d0\u10d5\u10e1\u10d8 \u10d3\u10d4\u10de\u10e0\u10d4\u10e1\u10d8\u10d4\u10d1\u10d8\u10e1) \u10db\u10d8\u10d6\u10d4\u10d6\u10d4\u10d1\u10d8, \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10e0\u10d7\u10e3\u10da\u10d8, \u10ea\u10d5\u10d0\u10da\u10d4\u10d1\u10d0\u10d3\u10d8 \u10d3\u10d0 \u10d9\u10dd\u10db\u10de\u10da\u10d4\u10e5\u10e1\u10e3\u10e0\u10d8\u10d0. \u10dc\u10d4\u10d1\u10d8\u10e1\u10db\u10d8\u10d4\u10e0\u10d8 \u10db\u10d7\u10d0\u10d5\u10e0\u10dd\u10d1\u10d8\u10e1, \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1\u10d0 \u10d7\u10e3 \u10d1\u10d8\u10d6\u10dc\u10d4\u10e1\u10db\u10d4\u10dc\u10d4\u10d1\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0 \u10db\u10d8\u10d6\u10d0\u10dc\u10e1 \u10e1\u10ec\u10dd\u10e0\u10d4\u10d3 \u10d0\u10db \u10db\u10d8\u10d6\u10d4\u10d6\u10d4\u10d1\u10d8\u10e1 \u10d0\u10db\u10dd\u10ea\u10dc\u10dd\u10d1\u10d0 \u10d3\u10d0 \u10db\u10d0\u10d7\u10d7\u10d0\u10dc \u10d2\u10d0\u10db\u10d9\u10da\u10d0\u10d5\u10d4\u10d1\u10d0 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1. \u10db\u10d8\u10d6\u10d4\u10d6\u10d8 \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10d8 \u10e1\u10d0\u10ee\u10d8\u10e1 \u10d8\u10e7\u10dd\u10e1, \u10db\u10d0\u10d7 \u10e8\u10dd\u10e0\u10d8\u10e1: \u10e1\u10d0\u10ee\u10da\u10d4\u10d1\u10d8\u10e1 \u10db\u10d4\u10e1\u10d0\u10d9\u10e3\u10d7\u10e0\u10d4\u10d4\u10d1\u10d8\u10e1 \u10e3\u10e3\u10dc\u10d0\u10e0\u10dd\u10d1\u10d0, \u10e3\u10db\u10e3\u10e8\u10d4\u10d5\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10d9\u10d5\u10d0\u10da\u10d3\u10d0\u10d9\u10d5\u10d0\u10da \u10e1\u10d0\u10db\u10e1\u10d0\u10ee\u10e3\u10e0\u10d8\u10d3\u10d0\u10dc \u10d3\u10d0\u10d7\u10ee\u10dd\u10d5\u10dc\u10d8\u10e1 \u10d0\u10dc \u10d0\u10d5\u10d0\u10d3\u10db\u10e7\u10dd\u10e4\u10dd\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d7\u10ee\u10d5\u10d4\u10d5\u10d0\u10e8\u10d8 \u10d2\u10d0\u10d3\u10d0\u10d8\u10ee\u10d0\u10d3\u10dd\u10dc \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e8\u10d4\u10dc\u10d0\u10e2\u10d0\u10dc\u10d4\u10d1\u10d8, \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10db\u10dd\u10db\u10e1\u10d0\u10ee\u10e3\u10e0\u10d4\u10d1\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 \u10e8\u10d4\u10e3\u10e1\u10d0\u10d1\u10d0\u10db\u10dd \u10e1\u10e2\u10d8\u10db\u10e3\u10da\u10d4\u10d1\u10d8, \u10e0\u10dd\u10d2\u10dd\u10e0\u10d8\u10ea\u10d0\u10d0 \u10d0\u10e0\u10d0\u10e4\u10d8\u10e5\u10e1\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8, \u10e0\u10d0\u10ea \u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10dd\u10d1\u10e1 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d8\u10e1 \u10ea\u10d5\u10d0\u10da\u10d4\u10d1\u10d0\u10d3\u10dd\u10d1\u10d8\u10e1 \u10d8\u10e1\u10d4\u10d7\u10d8 \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10db\u10ea\u10e3\u10e0\u10d0\u10d5\u10d8 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8\u10e1 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e7\u10dd\u10d5\u10d4\u10d7\u10d5\u10d8\u10e3\u10e0 \u10e8\u10d4\u10dc\u10d0\u10e2\u10d0\u10dc\u10e1, \u10e1\u10d0\u10ee\u10da\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8, \u10e0\u10d0\u10ea \u10e0\u10d4\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10d8\u10e0\u10d4\u10d1\u10d0\u10e1 \u10e3\u10e4\u10e0\u10dd \u10e0\u10d7\u10e3\u10da\u10e1 \u10ee\u10d3\u10d8\u10e1. \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7\u10d8 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10db\u10d8\u10d6\u10d4\u10d6\u10d8 \u10d8\u10e7\u10dd \u10e1\u10d4\u10d9\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d1\u10e3\u10db\u10d8, \u10e0\u10d0\u10ea \u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10dd\u10d1\u10e1 \u10e1\u10d0\u10ee\u10da\u10d8\u10e1 \u10db\u10d4\u10de\u10d0\u10e2\u10e0\u10dd\u10dc\u10d4\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d3\u10d0\u10ee\u10d3\u10d8\u10e1\u10e3\u10dc\u10d0\u10e0\u10d8\u10d0\u10dc\u10dd\u10d1\u10d8\u10e1 \u10e0\u10d8\u10e1\u10d9\u10d8\u10e1 \u10d2\u10d0\u10d3\u10d0\u10dc\u10d0\u10ec\u10d8\u10da\u10d4\u10d1\u10d0\u10e1 \u10e8\u10d8\u10d3\u10d0 \u10d7\u10e3 \u10e1\u10d0\u10d4\u10e0\u10d7\u10d0\u10e8\u10dd\u10e0\u10d8\u10e1\u10dd \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d6\u10d4. \u10d0\u10db \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10db\u10d0 \u10e8\u10d4\u10db\u10d3\u10d2\u10dd\u10db\u10e8\u10d8 \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10d8 \u10d2\u10d0\u10e0\u10d4 \u10d4\u10e4\u10d4\u10e5\u10e2\u10d8 \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d8\u10d0.<br \/>\n      \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10e8\u10dd\u10d1\u10d0\u10e8\u10d8 \u10d2\u10d0\u10d3\u10d0\u10db\u10ec\u10e7\u10d5\u10d4\u10e2\u10d8 \u10e0\u10dd\u10da\u10d8 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2\u10d8 \u10e1\u10d0\u10ee\u10d8\u10e1 \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10db\u10d0 \u10d8\u10d7\u10d0\u10db\u10d0\u10e8\u10d0:<br \/>\n       \u10e1\u10d0\u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10dd \u10e0\u10d8\u10e1\u10d9\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10e1\u10d4\u10d9\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3 \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10e1 \u10d2\u10d0\u10d3\u10d0\u10d4\u10ea\u10d4\u10db\u10d0, \u10d0\u10db\u10d0\u10e1\u10d7\u10d0\u10dc\u10d0\u10d5\u10d4 \u10db\u10d0\u10e1 \u10d2\u10d0\u10d3\u10d0\u10d4\u10ea\u10d4\u10db\u10d0 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e8\u10d4\u10dc\u10d0\u10e2\u10d0\u10dc\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10e6\u10d4\u10d1\u10d8\u10e1 \u10e3\u10e4\u10da\u10d4\u10d1\u10d0.<br \/>\n       \u10d0\u10e5\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e0\u10d8\u10e1\u10d9\u10d8 &#8211; MBS \u10d3\u10d0 CDO \u10d0\u10e5\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d0 \u10ee\u10d3\u10d4\u10d1\u10d0 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0\u10d8 \u10d3\u10d0 \u10e1\u10d0\u10d1\u10d0\u10d6\u10e0\u10dd \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10ee\u10d4\u10d3\u10d5\u10d8\u10d7. \u10db\u10d0\u10d7\u10d8 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d3\u10e0\u10dd\u10e1 \u10d2\u10d0\u10d7\u10d5\u10d0\u10da\u10d8\u10e1\u10ec\u10d8\u10dc\u10d4\u10d1\u10e3\u10da\u10d8\u10d0 \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10db\u10d0\u10d7\u10d8 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10db\u10e7\u10dd\u10e4\u10d8 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d0\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10d0\u10d3\u10dd\u10d1\u10d8\u10e1 \u10d0\u10da\u10d1\u10d0\u10d7\u10dd\u10d1\u10d0, \u10d0\u10e1\u10d4\u10d5\u10d4 \u10db\u10d0\u10d7\u10d8 \u10da\u10d8\u10d9\u10d5\u10d8\u10d3\u10e3\u10e0\u10dd\u10d1\u10d0.<br \/>\n       \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10e1 \u10e0\u10d8\u10e1\u10d9\u10d8 &#8211; \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10d4\u10e0 \u10d4\u10db\u10d8\u10e2\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8 \u10eb\u10d8\u10e0\u10d8\u10d7\u10d0\u10d3\u10d0\u10d3 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10d7\u10d0 \u10d3\u10d0 CDO-\u10d4\u10d1\u10d8\u10d7 \u10d0\u10e0\u10d8\u10e1 \u10d2\u10d0\u10db\u10e7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da\u10d8. \u10d5\u10d8\u10dc\u10d0\u10d8\u10d3\u10d0\u10dc \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d0\u10e1 \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10d3\u10d0, \u10db\u10e0\u10d0\u10d5\u10d0\u10da \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d0\u10e1 \u10db\u10dd\u10e3\u10ec\u10d8\u10d0 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10d4\u10db\u10d8\u10e1\u10d8\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0.<br \/>\n       \u10e8\u10e3\u10d0\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d8\u10e1 \u10e0\u10d8\u10e1\u10d9\u10d8 &#8211; \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10d8 \u10ea\u10dc\u10dd\u10d1\u10d8\u10da\u10d8 \u10d3\u10d0 \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d0 \u10d0\u10db \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10d4\u10d1\u10e8\u10d8 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc \u10e0\u10dd\u10da\u10e1 \u10d7\u10d0\u10db\u10d0\u10e8\u10dd\u10d1\u10d3\u10d0, \u10e0\u10d0\u10db\u10d0\u10ea \u10db\u10d0\u10d7 \u10e8\u10d4\u10db\u10d3\u10d2\u10dd\u10db\u10e8\u10d8 \u10e1\u10d4\u10e0\u10d8\u10dd\u10d6\u10e3\u10da\u10d8 \u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10e3\u10e0\u10d8 \u10e1\u10d8\u10eb\u10dc\u10d4\u10da\u10d4\u10d4\u10d1\u10d8 \u10e8\u10d4\u10e3\u10e5\u10db\u10dc\u10d0 (\u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d0\u10d3, Bear Stearns).<br \/>\n      \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10d6\u10d4\u10db\u10dd\u10d7 \u10d0\u10e6\u10d5\u10dc\u10d8\u10e8\u10dc\u10d4\u10d7, \u10d0\u10e0\u10d0\u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d4\u10db\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10ec\u10d8\u10dc\u10d0\u10de\u10d8\u10e0\u10dd\u10d1\u10d0 \u10e3\u10eb\u10e0\u10d0\u10d5 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d0\u10d6\u10d4 \u10db\u10d6\u10d0\u10e0\u10d3\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10d8\u10e7\u10dd. \u10db\u10d0\u10e0\u10d7\u10da\u10d0\u10ea, 1997 \u10ec\u10da\u10d8\u10d3\u10d0\u10dc 2006 \u10ec\u10da\u10d0\u10db\u10d3\u10d4 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 124%-\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0. \u10d6\u10dd\u10d2\u10d8\u10d4\u10e0\u10d7\u10db\u10d0 \u10db\u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d4\u10da\u10db\u10d0 \u10d2\u10d0\u10db\u10dd\u10d8\u10e7\u10d4\u10dc\u10d0 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10e1\u10d0\u10ee\u10da\u10d8\u10e1 \u10db\u10d6\u10d0\u10e0\u10d3\u10d8 \u10e4\u10d0\u10e1\u10d8 \u10d3\u10d0 \u10d0\u10d8\u10e6\u10dd \u10db\u10d4\u10dd\u10e0\u10d4 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d8, \u10e0\u10dd\u10db\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10e1\u10d0\u10ea, \u10db\u10d0\u10d7\u10d8 \u10d2\u10d0\u10d7\u10d5\u10da\u10d4\u10d1\u10d8\u10d7, \u10e1\u10d0\u10ee\u10da\u10d8\u10e1 \u10db\u10d6\u10d0\u10e0\u10d3\u10d8 \u10e1\u10d0\u10d1\u10d0\u10d6\u10e0\u10dd \u10e4\u10d0\u10e1\u10d8 \u10d2\u10d0\u10d3\u10d0\u10e4\u10d0\u10e0\u10d0\u10d5\u10d3\u10d0. \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10e8\u10d8\u10dc\u10d0\u10db\u10d4\u10e3\u10e0\u10dc\u10d4\u10dd\u10d1\u10d4\u10d1\u10d8\u10e1 \u10d5\u10d0\u10da\u10db\u10d0, \u10db\u10d0\u10d7 \u10e8\u10d4\u10db\u10dd\u10e1\u10d0\u10d5\u10da\u10d4\u10d1\u10d7\u10d0\u10dc \u10e8\u10d4\u10e4\u10d0\u10e0\u10d3\u10d4\u10d1\u10d8\u10d7, 130% \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0.<br \/>\n      \u10e1\u10d0\u10db\u10e8\u10d4\u10dc\u10d4\u10d1\u10da\u10dd \u10d1\u10e3\u10db\u10db\u10d0 \u10d3\u10d0 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10d1\u10d8\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e3\u10e4\u10e0\u10dd \u10eb\u10d5\u10d8\u10e0\u10d0\u10d3 \u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d8\u10e1 \u10db\u10dd\u10da\u10dd\u10d3\u10d8\u10dc\u10db\u10d0 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\u10d2\u10d8\u10e0\u10d0\u10dd\u10e8\u10d8 \u10db\u10d0\u10d7 \u10db\u10d8\u10d4\u10e0 \u10e8\u10d4\u10eb\u10d4\u10dc\u10d8\u10da\u10d8 \u10e1\u10d0\u10ee\u10da\u10d8\u10e1 \u10d0\u10dc \u10e1\u10ee\u10d5\u10d0 \u10e0\u10d0\u10d8\u10db\u10d4 \u10d0\u10e5\u10e2\u10d8\u10d5\u10d8\u10e1 \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0 \u10d8\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0. \u10e1\u10ee\u10d5\u10d0 \u10e1\u10d8\u10e2\u10e7\u10d5\u10d4\u10d1\u10d8\u10d7 \u10e0\u10dd\u10db \u10d5\u10d7\u10e5\u10d5\u10d0\u10d7, \u10d7\u10e3 \u10db\u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d4\u10da\u10d8 \u10d2\u10d0\u10d3\u10d0\u10ee\u10d3\u10d8\u10e1\u10e3\u10e3\u10dc\u10d0\u10e0\u10dd \u10e8\u10d4\u10d8\u10e5\u10db\u10dc\u10d4\u10d1\u10dd\u10d3\u10d0, \u10db\u10d8\u10e1 \u10db\u10d8\u10d4\u10e0 \u10e8\u10d4\u10eb\u10d4\u10dc\u10d8\u10da\u10d8 \u10e1\u10d0\u10ee\u10da\u10d8\u10e1 \u10db\u10d6\u10d0\u10e0\u10d3 \u10e4\u10d0\u10e1\u10e1 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d8\u10e1 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d4\u10d1\u10d8 \u10e1\u10e0\u10e3\u10da\u10d0\u10d3 \u10e3\u10dc\u10d3\u10d0 \u10d0\u10d4\u10dc\u10d0\u10d6\u10e6\u10d0\u10e3\u10e0\u10d4\u10d1\u10d8\u10dc\u10d0.<br \/>\n      \u10d9\u10da\u10d0\u10e1\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d7\u10d4\u10dd\u10e0\u10d8\u10d8\u10e1 \u10db\u10d8\u10ee\u10d4\u10d3\u10d5\u10d8\u10d7, \u10ec\u10d0\u10e0\u10db\u10dd\u10e3\u10d3\u10d2\u10d4\u10dc\u10d4\u10da\u10d8\u10d0 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d0 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d8\u10e1 \u10e1\u10e2\u10d8\u10db\u10e3\u10da\u10d0\u10e2\u10dd\u10e0\u10d8\u10e1 \u10e0\u10dd\u10da\u10e8\u10d8 \u10db\u10dd\u10d2\u10d5\u10d4\u10d5\u10da\u10d8\u10dc\u10dd\u10e1, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10e1\u10ec\u10dd\u10e0\u10d4\u10d3 \u10d4\u10e1 \u10de\u10d0\u10e0\u10d0\u10d3\u10dd\u10e5\u10e1\u10d8\u10d0 \u10d7\u10d0\u10dc\u10d0\u10db\u10d4\u10d3\u10e0\u10dd\u10d5\u10d4 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d8\u10e1 \u10d7\u10d0\u10d5\u10d8\u10e1\u10d4\u10d1\u10e3\u10e0\u10d4\u10d1\u10d0. \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e1\u10ec\u10e0\u10d0\u10e4\u10db\u10d0 \u10d6\u10e0\u10d3\u10d0\u10db \u10e8\u10d4\u10e5\u10db\u10dc\u10d0 \u10db\u10dd\u10da\u10dd\u10d3\u10d8\u10dc\u10d8, \u10e0\u10dd\u10db \u10d0\u10e5\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10dc\u10d0\u10d3 \u10d2\u10d0\u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0. \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10e1\u10ee\u10d5\u10d0\u10d3\u10d0\u10e1\u10ee\u10d5\u10d0 \u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10e3\u10e0\u10db\u10d0 \u10db\u10dd\u10d7\u10d0\u10db\u10d0\u10e8\u10d4\u10d4\u10d1\u10db\u10d0 \u10d4\u10e1 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d8 \u10d2\u10d0\u10db\u10dd\u10d8\u10e7\u10d4\u10dc\u10d4\u10e1 \u10d8\u10db\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1, \u10e0\u10dd\u10db \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10e8\u10d4\u10db\u10dd\u10e1\u10d0\u10d5\u10da\u10d4\u10d1\u10d8\u10e1 \u10d8\u10db\u10d4\u10d3\u10d8\u10d7 \u10d3\u10e6\u10d4\u10d5\u10d0\u10dc\u10d3\u10d4\u10da\u10d8 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0 \u10d2\u10d0\u10d4\u10d6\u10d0\u10e0\u10d3\u10d0\u10d7.<br \/>\n      \u10d0\u10db \u10db\u10dd\u10d5\u10da\u10d4\u10dc\u10d0\u10e1 \u10d9\u10e0\u10d4\u10d0\u10e2\u10d8\u10e3\u10da\u10dd\u10d1\u10d8\u10e1 \u10d7\u10d4\u10dd\u10e0\u10d8\u10d0 \u10ee\u10e1\u10dc\u10d8\u10e1. \u10d0\u10db \u10d7\u10d4\u10dd\u10e0\u10d8\u10d8\u10e1 \u10db\u10d8\u10ee\u10d4\u10d3\u10d5\u10d8\u10d7, \u10d3\u10e6\u10d4\u10d5\u10d0\u10dc\u10d3\u10d4\u10da\u10d8 \u10d2\u10d0\u10d1\u10d4\u10e0\u10d8\u10da\u10d8 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0 \u10d0\u10d3\u10d0\u10db\u10d8\u10d0\u10dc\u10d8\u10e1 \u10e8\u10d4\u10db\u10dd\u10e5\u10db\u10d4\u10d3\u10d4\u10d1\u10d8\u10e1 \u10dc\u10d0\u10e7\u10dd\u10e4\u10d8\u10d0 \u10d3\u10d0 \u10d4\u10ec\u10d8\u10dc\u10d0\u10d0\u10e6\u10db\u10d3\u10d4\u10d2\u10d4\u10d1\u10d0 \u10d9\u10da\u10d0\u10e1\u10d8\u10d9\u10dd\u10e1\u10d7\u10d0 \u10d1\u10e3\u10dc\u10d4\u10d1\u10e0\u10d8\u10d5\u10d8 \u10ec\u10e7\u10dd\u10d1\u10d8\u10e1 \u10d7\u10d4\u10dd\u10e0\u10d8\u10d0\u10e1. \u10d0\u10d3\u10d0\u10db\u10d8\u10d0\u10dc\u10d8 \u10e5\u10db\u10dc\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10e1\u10d0\u10ee\u10d5\u10d8\u10d7 \u10d5\u10d8\u10e0\u10e2\u10e3\u10d0\u10da\u10e3\u10e0 \u10e0\u10d4\u10e1\u10e3\u10e0\u10e1\u10e1, \u10e0\u10d0\u10d7\u10d0 \u10db\u10dd\u10ee\u10d3\u10d4\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e1\u10e2\u10d8\u10db\u10e3\u10da\u10d8\u10e0\u10d4\u10d1\u10d0. \u10d4\u10e1 \u10e1\u10d8\u10e1\u10e2\u10d4\u10db\u10d0 \u10d4\u10e0\u10d7\u10d2\u10d5\u10d0\u10e0 \u10d3\u10e0\u10dd\u10d8\u10e1 \u10db\u10d0\u10dc\u10e5\u10d0\u10dc\u10d0\u10e1 \u10d2\u10d0\u10d5\u10e1, \u10e0\u10dd\u10db\u10da\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d8\u10d7\u10d0\u10ea \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d8\u10e1 \u10e2\u10e0\u10d0\u10dc\u10e1\u10de\u10dd\u10e0\u10e2\u10d8\u10e0\u10d4\u10d1\u10d0 \u10d0\u10ec\u10db\u10e7\u10dd\u10e8\u10d8 \u10ee\u10d3\u10d4\u10d1\u10d0, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d0\u10db \u10db\u10d0\u10dc\u10e5\u10d0\u10dc\u10d0\u10db \u10e0\u10dd\u10db \u10d8\u10db\u10e3\u10e8\u10d0\u10dd\u10e1, \u10d0\u10e3\u10ea\u10d8\u10da\u10d4\u10d1\u10d4\u10da\u10d8\u10d0 \u10db\u10d8\u10e1 \u10eb\u10e0\u10d0\u10d5\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d0, \u10ee\u10d0\u10e0\u10d8\u10e1 \u10e2\u10e0\u10d4\u10dc\u10d3\u10d8 \u10d9\u10d5\u10d4\u10d1\u10d0\u10d5\u10d3\u10d4\u10e1, \u10e0\u10d0\u10ea \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d0\u10e8\u10d8 \u10d5\u10d4\u10e0 \u10db\u10dd\u10ee\u10d4\u10e0\u10ee\u10d3\u10d0, \u10ee\u10d0\u10e0\u10d4\u10d1\u10d6\u10d4 \u10d3\u10d0\u10d3\u10d4\u10d1\u10e3\u10da\u10db\u10d0 \u10e4\u10e1\u10dd\u10dc\u10db\u10d0 \u10d5\u10d4\u10e0 \u10d2\u10d0\u10d0\u10db\u10d0\u10e0\u10d7\u10da\u10d0.<br \/>\n      \u10d9\u10e0\u10d4\u10d0\u10e2\u10d8\u10e3\u10da\u10dd\u10d1\u10d8\u10e1 \u10d7\u10d4\u10dd\u10e0\u10d8\u10d8\u10e1 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7 \u10de\u10d8\u10e0\u10db\u10e8\u10dd\u10e1 \u10e1\u10d4\u10e5\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d0 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1. \u10d4\u10e1 \u10e3\u10d9\u10d0\u10dc\u10d0\u10e1\u10d9\u10dc\u10d4\u10da\u10d8 \u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10dd\u10d1\u10e1 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d0\u10e1 \u10e1\u10ee\u10d5\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d6\u10d4, \u10d0\u10db \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10d7 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d8\u10d7.<br \/>\n      \u10dd\u10ea\u10d3\u10d0\u10d0\u10d7\u10d8 \u10ec\u10da\u10d8\u10e1 \u10ec\u10d8\u10dc \u10e1\u10d0\u10d6\u10e6\u10d5\u10d0\u10e0\u10d2\u10d0\u10e0\u10d4\u10d7 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d0\u10e1\u10d7\u10d0\u10dc \u10d3\u10d0\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d3\u10d4\u10d1\u10d8\u10e2\u10dd\u10e0\u10e3\u10da\u10d8 \u10d3\u10d0\u10d5\u10d0\u10da\u10d8\u10d0\u10dc\u10d4\u10d1\u10d0 \u10d3\u10d0\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10d0\u10db\u10d3\u10d4 \u10d1\u10d0\u10dc\u10d9\u10d8\u10e1 \u10d1\u10d0\u10da\u10d0\u10dc\u10e1\u10d6\u10d4 \u10e0\u10e9\u10d4\u10d1\u10dd\u10d3\u10d0, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d3\u10e6\u10d4\u10e1\u10d3\u10e6\u10d4\u10dd\u10d1\u10d7 \u10e1\u10d4\u10e1\u10ee\u10d8\u10e1 \u10d2\u10d0\u10db\u10ea\u10d4\u10db\u10d8, \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10ec\u10d4\u10e1\u10d8, \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0\u10e1 (\u10db\u10d4\u10d5\u10d0\u10da\u10d8\u10e1 \u10db\u10d8\u10db\u10d0\u10e0\u10d7) \u10e7\u10d8\u10d3\u10d8\u10e1 \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10de\u10d8\u10e0\u10d6\u10d4. \u10d0\u10e8\u10e8-\u10e8\u10d8 \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10de\u10d8\u10e0\u10d8\u10e1 \u10e0\u10dd\u10da\u10e8\u10d8 \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10db\u10dd\u10d2\u10d5\u10d4\u10d5\u10da\u10d8\u10dc\u10dd\u10e1 \u10e1\u10d0\u10db\u10d7\u10d0\u10d5\u10e0\u10dd\u10d1\u10dd \u10dd\u10e0\u10d2\u10d0\u10dc\u10d8\u10d6\u10d0\u10ea\u10d8\u10d4\u10d1\u10d8:Ginnie Mae(Government National Mortgage Association &#8211; \u10db\u10d7\u10d0\u10d5\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da\u10d8 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10d0\u10e1\u10dd\u10ea\u10d8\u10d0\u10ea\u10d8\u10d0, Fannie Mae (Federal National Mortgage Association &#8211; \u10e4\u10d4\u10d3\u10d4\u10e0\u10d0\u10da\u10e3\u10e0\u10d8, \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da\u10d8 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10d0\u10e1\u10dd\u10ea\u10d8\u10d0\u10ea\u10d8\u10d0, \u10d0\u10dc Freddie Mac(Federal Home Loan Mortgage Corporation &#8211; \u10e4\u10d4\u10d3\u10d4\u10e0\u10d0\u10da\u10e3\u10e0\u10d8 \u10e1\u10d0\u10d1\u10d8\u10dc\u10d0\u10dd-\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d4\u10d1\u10d8\u10e1 \u10d9\u10dd\u10e0\u10de\u10dd\u10e0\u10d0\u10ea\u10d8\u10d0 \u10d3\u10d0 \u10d0\u10e1\u10d4\u10d5\u10d4 \u10d9\u10d4\u10e0\u10eb\u10dd \u10d9\u10dd\u10e0\u10de\u10dd\u10e0\u10d0\u10ea\u10d8\u10d4\u10d1\u10d8. \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10de\u10d8\u10e0\u10d4\u10d1\u10d8 \u10ef\u10d2\u10e3\u10e4\u10d4\u10d1\u10d0\u10d3, \u10de\u10dd\u10e0\u10e2\u10e4\u10d4\u10da\u10d4\u10d1\u10d0\u10d3 \u10d9\u10e0\u10d0\u10d5\u10d4\u10dc&#8221; \u10e8\u10d4\u10e1\u10e7\u10d8\u10d3\u10e3\u10da \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d4\u10d1\u10e1 \u10d3\u10d0 \u10d0\u10ee\u10d3\u10d4\u10dc\u10d4\u10dc \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d8\u10d7 \u10d2\u10d0\u10db\u10e7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1&#8221; \u10d4\u10db\u10d8\u10e1\u10d8\u10d0\u10e1, \u10d4\u10e1 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8 \u10d8\u10e7\u10d8\u10d3\u10d4\u10d1\u10d0 \u10e1\u10ee\u10d5\u10d0\u10d3\u10d0\u10e1\u10ee\u10d5\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d6\u10d4, \u10d4\u10e1 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d8\u10e1 \u10db\u10dd\u10d2\u10d6\u10d0\u10e3\u10e0\u10dd\u10d1\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10e1\u10e0\u10e3\u10da\u10d8 \u10d0\u10e0\u10d0\u10d0, \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10e1 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0\u10d7 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10d9\u10d5\u10da\u10d0\u10d5 \u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d0 \u10d3\u10d0 \u10d0.\u10e8. \u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d5\u10d8\u10d3\u10d2\u10d8\u10dc\u10dd\u10d7, \u10e0\u10dd\u10db \u10d4\u10db\u10d8\u10e2\u10d4\u10dc\u10e2\u10e1 \u10d2\u10d0\u10d0\u10e9\u10dc\u10d8\u10d0 1 000 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10d3\u10d4\u10d1\u10d8\u10e2\u10dd\u10e0\u10e3\u10da\u10d8 \u10d3\u10d0\u10d5\u10d0\u10da\u10d8\u10d0\u10dc\u10d4\u10d1\u10d0 \u10d3\u10d0 \u10d7\u10d8\u10d7\u10d4\u10e3\u10da\u10d8 \u10db\u10d0\u10d7\u10d2\u10d0\u10dc\u10d8\u10e1 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0 100 000 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10d0, \u10ee\u10d0\u10dc\u10d2\u10e0\u10eb\u10da\u10d8\u10d5\u10dd\u10d1\u10d0 &#8211; 30 \u10ec\u10d4\u10da\u10d8, \u10ee\u10dd\u10da\u10dd \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8 6,50%. \u10d0\u10db \u10d0\u10e5\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e7\u10d4\u10dc\u10d4\u10d1\u10d0 \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10d4\u10d1\u10d4\u10da\u10d8\u10d0 10,000 \u10dd\u10d1\u10da\u10d8\u10d2\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e1\u10d0\u10e8\u10d5\u10d4\u10d1\u10d0\u10d3, \u10e1\u10d0\u10d3\u10d0\u10ea \u10d7\u10d8\u10d7\u10d4\u10e3\u10da\u10d8 \u10d4\u10e6\u10d8\u10e0\u10d4\u10d1\u10d0 10 000 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8, \u10d5\u10d0\u10d3\u10d0- 30 \u10ec\u10d4\u10da\u10d8 \u10d3\u10d0 \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8- 6%. \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10d5\u10ee\u10d4\u10d3\u10d0\u10d5\u10d7, \u10dd\u10d1\u10da\u10d8\u10d2\u10d0\u10ea\u10d8\u10d0\u10d6\u10d4 \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10d4\u10da\u10d8 \u10d2\u10d0\u10d8\u10ea\u10d4\u10db\u10d0 \u10e7\u10dd\u10d5\u10d4\u10da\u10d7\u10d5\u10d8\u10e3\u10e0\u10d8 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e8\u10d4\u10dc\u10d0\u10e2\u10d0\u10dc\u10d8\u10d3\u10d0\u10dc, \u10ee\u10dd\u10da\u10dd \u10eb\u10d8\u10e0\u10d8\u10d7\u10d0\u10d3\u10d8 \u10d7\u10d0\u10dc\u10ee\u10d0 \u10d2\u10d0\u10d3\u10d0\u10d8\u10ee\u10d3\u10d4\u10d1\u10d0 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10d7\u10d0\u10dc\u10ee\u10d8\u10e1 \u10e1\u10e0\u10e3\u10da\u10d0\u10d3 \u10e8\u10d4\u10db\u10dd\u10e1\u10d5\u10da\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2. 0.50% \u10d2\u10d0\u10db\u10dd\u10d8\u10e7\u10d4\u10dc\u10d4\u10d1\u10d0 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e0\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e1\u10d0\u10e8\u10d5\u10d4\u10d1\u10d0\u10d3 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10e2\u10e0\u10d0\u10dc\u10e1\u10d0\u10e5\u10ea\u10d8\u10e3\u10da\u10d8 \u10ee\u10d0\u10e0\u10ef\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10e4\u10d0\u10e0\u10d0\u10d5\u10d0\u10d3. 1996 \u10ec\u10da\u10d8\u10d3\u10d0\u10dc 2006 \u10ec\u10da\u10d0\u10db\u10d3\u10d4 \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10d4\u10d1\u10d8\u10d7 \u10d2\u10d0\u10db\u10e7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e0\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e8\u10d5\u10d4\u10d1\u10d0 41%-\u10d3\u10d0\u10dc 71%-\u10db\u10d3\u10d4 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0.<br \/>\n      \u10e4\u10d4\u10d3-\u10d8\u10e1 \u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10d7\u10d0\u10d5\u10ef\u10d3\u10dd\u10db\u10d0\u10e0\u10d4 \u10d0\u10da\u10d0\u10dc \u10d2\u10e0\u10d8\u10dc\u10e1\u10de\u10d4\u10dc\u10d8 \u10e1\u10ec\u10dd\u10e0\u10d4\u10d3 \u10e1\u10d4\u10d9\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d0\u10e1 \u10e3\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10e1 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10e8\u10dd\u10d1\u10d0\u10e1. \u10e1\u10d4\u10d9\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d0 \u10d2\u10e3\u10da\u10d8\u10e1\u10ee\u10db\u10dd\u10d1\u10e1 \u10e1\u10d0\u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10dd \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e7\u10d4\u10dc\u10d4\u10d1\u10d0\u10e1 &#8211; \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10de\u10d8\u10e0\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8\u10e1 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d0\u10e1.<br \/>\n      \u10d8\u10db\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1, \u10e0\u10dd\u10db \u10d9\u10d0\u10e0\u10d2\u10d0\u10d3 \u10d2\u10d0\u10d5\u10d8\u10d2\u10dd\u10d7 \u10d7\u10e3 \u10e0\u10d0\u10db \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d8\u10d0 \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8, \u10d7\u10d5\u10d0\u10da\u10d8 \u10d2\u10d0\u10d3\u10d0\u10d5\u10d0\u10d5\u10da\u10dd\u10d7 \u10e1\u10e5\u10d4\u10db\u10d0\u10e1, \u10e0\u10dd\u10db\u10da\u10d8\u10d7\u10d0\u10ea \u10d0\u10db \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d4\u10db\u10d0 \u10ee\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0. \u10e0\u10d0 \u10d7\u10e5\u10db\u10d0 \u10e3\u10dc\u10d3\u10d0, \u10dc\u10d0\u10ee\u10d4\u10d5\u10e0\u10d0\u10d3 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d4\u10db\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10ee\u10d8\u10d1\u10da\u10d8 \u10e1\u10ec\u10dd\u10e0\u10d4\u10d3 \u10db\u10d0\u10d7\u10d2\u10d0\u10dc \u10db\u10d8\u10e6\u10d4\u10d1\u10e3\u10da \u10db\u10d0\u10e6\u10d0\u10da \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10d0\u10dc \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10e8\u10d8\u10d0, \u10e0\u10d0\u10ea \u10db\u10d0\u10d7\u10d6\u10d4 \u10d2\u10d0\u10ec\u10d4\u10e3\u10da \u10db\u10d0\u10e6\u10d0\u10da \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10e1 \u10d2\u10d0\u10d3\u10d0\u10e4\u10d0\u10e0\u10d0\u10d5\u10e1.<br \/>\n      \u10d6\u10d4\u10db\u10dd\u10d7 \u10db\u10dd\u10e7\u10d5\u10d0\u10dc\u10d8\u10da \u10ea\u10ee\u10e0\u10d8\u10da\u10e8\u10d8 \u10d9\u10d0\u10e0\u10d2\u10d0\u10d3 \u10e9\u10d0\u10dc\u10e1 \u10d8\u10e1 \u10e1\u10e2\u10d8\u10db\u10e3\u10da\u10d8, \u10e0\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1\u10d0\u10ea \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10db\u10d0 \u10d0\u10e0\u10d0\u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10da\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8 \u10d2\u10d0\u10e1\u10ea\u10d4\u10e1. \u10e1\u10d0\u10ec\u10e7\u10d8\u10e1\u10d8 \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8 6.0%-\u10d8\u10e1 \u10e2\u10dd\u10da\u10d8\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10dc\u10d4\u10da-\u10dc\u10d4\u10da\u10d0 10 %-\u10db\u10d3\u10d4 \u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10d0. \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d7\u10d5\u10da\u10d4\u10d1\u10d8\u10d7, \u10d3\u10d0\u10e3\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10d4\u10da\u10d8 \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10ee\u10d5\u10d4\u10d3\u10e0\u10d8\u10d7 \u10ec\u10d8\u10da\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd\u10d3 \u10d4\u10e0\u10d7 \u10ec\u10d4\u10da\u10d8\u10ec\u10d0\u10d3\u10e8\u10d8 8.0% \u10e3\u10dc\u10d3\u10d0 \u10e8\u10d4\u10d4\u10d3\u10d2\u10d8\u10dc\u10d0, \u10d7\u10d8\u10d7\u10d4\u10e3\u10da\u10d8 \u10d3\u10d0\u10e3\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10d4\u10da\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d8\u10d3\u10d0\u10dc \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d8 30% \u10d8\u10e5\u10dc\u10d4\u10d1\u10dd\u10d3\u10d0, \u10d0\u10e5\u10d4\u10d3\u10d0\u10dc \u10e1\u10d0\u10d4\u10e0\u10d7\u10dd \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d8 8,0&amp;\u10da\u10dd\u10ec\u10d0\u10e1\u10e2;30,0=2,4%-\u10e1 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d4\u10dc\u10d3\u10d0. \u10d0\u10db\u10d8\u10e2\u10dd\u10db \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10d9\u10da\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2 10-2,4=7,6% \u10d8\u10e5\u10dc\u10d4\u10d1\u10dd\u10d3\u10d0, \u10e0\u10d0\u10ea 2,8%-\u10d8\u10d7 \u10db\u10d4\u10e2\u10d8\u10d0 AAA \u10e0\u10d4\u10d8\u10e2\u10d8\u10dc\u10d2\u10d8\u10e1 \u10db\u10e5\u10dd\u10dc\u10d4 \u10e1\u10d4\u10e1\u10ee\u10d6\u10d4 \u10d0\u10e0\u10e1\u10d4\u10d1\u10e3\u10da \u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d6\u10d4. \u10d7\u10e3 \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d8 1,2 \u10e2\u10e0\u10d8\u10da\u10d8\u10dd\u10dc\u10d8\u10d0, \u10db\u10d0\u10e8\u10d8\u10dc \u10d0\u10db \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10e1\u10d4\u10e1\u10ee\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d4\u10db\u10d0 \u10ec\u10da\u10d8\u10e3\u10e0\u10d0\u10d3 33,6 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8\u10d7 \u10e3\u10e4\u10e0\u10dd \u10db\u10dd\u10db\u10d2\u10d4\u10d1\u10d8\u10d0\u10dc\u10d8\u10d0, \u10e0\u10d0\u10ea 7 \u10ec\u10d4\u10da\u10e8\u10d8 235,2 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3 \u10d3\u10dd\u10da\u10d0\u10e0\u10e1 \u10e3\u10d3\u10e0\u10d8\u10e1.<br \/>\n      \u10db\u10dd\u10d3\u10d4\u10da\u10e8\u10d8 \u10d9\u10d0\u10e0\u10d2\u10d0\u10d3 \u10e9\u10d0\u10dc\u10e1, \u10e0\u10dd\u10db \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d7\u10d5\u10da\u10d4\u10d1\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10d3\u10d0\u10e8\u10d5\u10d4\u10d1\u10d0 \u10e1\u10ec\u10dd\u10e0\u10d4\u10d3 \u10db\u10d6\u10d0\u10e0\u10d3\u10d8, \u10ee\u10d0\u10e0\u10d8\u10e1 \u10e2\u10e0\u10d4\u10dc\u10d3\u10d8 \u10d8\u10e7\u10dd.<br \/>\n      \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea B \u10e1\u10ea\u10d4\u10dc\u10d0\u10e0\u10d8\u10d3\u10d0\u10dc \u10e9\u10d0\u10dc\u10e1, \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d4\u10d1\u10d8\u10e1 \u10ee\u10d5\u10d4\u10d3\u10e0\u10d8\u10d7\u10db\u10d0 \u10ec\u10d8\u10da\u10db\u10d0 8%-\u10d8\u10e1 \u10dc\u10d0\u10ea\u10d5\u10da\u10d0\u10d3 15% \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0, \u10ee\u10dd\u10da\u10dd \u10d7\u10d8\u10d7\u10dd\u10d4\u10e3\u10da \u10d5\u10d0\u10da\u10e3\u10d5\u10d0\u10da \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d6\u10d4 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d8 \u10d0\u10db \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d8\u10e1 50%-\u10db\u10d3\u10d4 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0. \u10d8\u10db\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd, \u10e0\u10dd\u10db \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 \u10dc\u10d0\u10ec\u10d8\u10da\u10d8 \u10d0\u10e6\u10d0\u10e0 \u10d1\u10e0\u10e3\u10dc\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0, \u10d1\u10d8\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10db\u10d0 \u10d3\u10d0\u10ea\u10d4\u10db\u10d0 \u10d3\u10d0\u10d8\u10ec\u10e7\u10dd, \u10e0\u10d0\u10db\u10d0\u10ea \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d8\u10d0 \u10d8\u10e1, \u10e0\u10dd\u10db \u10e0\u10d4\u10d0\u10da\u10dd\u10d1\u10d0\u10e8\u10d8 \u10e1\u10ee\u10d5\u10d0\u10dd\u10d1\u10d0 AAA-\u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10e1\u10d0 \u10d3\u10d0 \u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10e1 \u10e8\u10dd\u10e0\u10d8\u10e1 \u10e3\u10d0\u10e0\u10e7\u10dd\u10e4\u10d8\u10d7\u10d8 \u10e1\u10d8\u10d3\u10d8\u10d3\u10d4 \u10d2\u10d0\u10ee\u10d3\u10d0. A-\u10e1\u10ea\u10d4\u10dc\u10d0\u10e0\u10e8\u10d8 \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10dd\u10e0\u10d4\u10d1\u10e1 \u10d7\u10e3 2,8% \u10db\u10dd\u10d2\u10d4\u10d1\u10d0 \u10e3\u10dc\u10d3\u10d0 \u10d2\u10d0\u10d3\u10d0\u10d4\u10dc\u10d0\u10ec\u10d8\u10da\u10d4\u10d1\u10d8\u10dc\u10d0\u10d7 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0 \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d6\u10d4, \u10d0\u10ee\u10da\u10d0 \u10db\u10d0\u10d7 2,3% \u10ec\u10d0\u10d2\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d3\u10d0\u10e4\u10d0\u10e0\u10d5\u10d0 \u10db\u10dd\u10e3\u10ee\u10d3\u10d0\u10d7, \u10e0\u10d0\u10ea 33 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10ec\u10da\u10d8\u10e3\u10e0\u10d8 \u10db\u10dd\u10d2\u10d4\u10d1\u10d8\u10e1 \u10dc\u10d0\u10ea\u10d5\u10da\u10d0\u10d3 27 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d8\u10e1 \u10e2\u10dd\u10da\u10d8\u10d0. \u10db\u10dd\u10e3\u10da\u10dd\u10d3\u10dc\u10d4\u10da\u10db\u10d0 \u10d9\u10dd\u10da\u10d0\u10e4\u10e1\u10db\u10d0 \u10d0\u10e9\u10d5\u10d4\u10dc\u10d0, \u10e0\u10dd\u10db \u10e1\u10d4\u10d9\u10e3\u10e0\u10d8\u10d7\u10d8\u10d6\u10d0\u10ea\u10d8\u10d0\u10db, \u10e0\u10d4\u10d8\u10e2\u10d8\u10dc\u10d2\u10d4\u10d1\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10e1\u10d0\u10d3\u10d0\u10d6\u10e6\u10d5\u10d4\u10d5\u10dd \u10d8\u10dc\u10e1\u10e2\u10e0\u10e3\u10db\u10d4\u10dc\u10e2\u10d4\u10d1\u10db\u10d0 \u10d0\u10e0 \u10d8\u10db\u10e3\u10e8\u10d0\u10d5\u10d0. \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8 \u10e1\u10e0\u10e3\u10da\u10d8\u10d0\u10d3 \u10e8\u10d8\u10e8\u10d5\u10da\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10e3\u10d8\u10d0\u10e0\u10d0\u10e6\u10dd\u10d4\u10d1\u10d8 \u10d3\u10d0\u10e0\u10e9\u10dc\u10d4\u10dc \u10d0\u10db \u10de\u10e0\u10dd\u10d1\u10da\u10d4\u10db\u10d4\u10d1\u10d8\u10e1 \u10ec\u10d8\u10dc\u10d0\u10e8\u10d4.<br \/>\n      \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0 \u10e0\u10d4\u10ea\u10d4\u10e1\u10d8\u10d0\u10e8\u10d8 \u10e8\u10d4\u10d5\u10d8\u10d3\u10d0. \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0\u10e8\u10d8 \u10e0\u10d4\u10ea\u10d4\u10e1\u10d8\u10d8\u10e1 \u10db\u10d4\u10e2\u10d0\u10e1\u10d7\u10d0\u10d6\u10d4\u10d1\u10d8 \u10e4\u10d0\u10e0\u10e3\u10da\u10d8 \u10e4\u10dd\u10e0\u10db\u10d8\u10d7 \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d3\u10d0 \u10d3\u10d0 \u10d1\u10dd\u10da\u10dd \u10e1\u10e2\u10d0\u10d3\u10d8\u10d0\u10d6\u10d4 \u10d2\u10d0\u10db\u10dd\u10e7\u10dd \u10d7\u10d0\u10d5\u10d8. \u10e0\u10d4\u10ea\u10d4\u10e1\u10d8\u10d8\u10e1\u10d0\u10e1 \u10e7\u10d5\u10d4\u10da\u10d0\u10d6\u10d4 \u10e8\u10d4\u10db\u10d0\u10e4\u10d4\u10e0\u10ee\u10d4\u10d1\u10d4\u10da\u10d8 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d8 \u10d7\u10d0\u10d5\u10d0\u10d3 \u10d0\u10d3\u10d0\u10db\u10d8\u10d0\u10dc\u10d4\u10d1\u10d8\u10d0, \u10db\u10d0\u10d7 \u10d8\u10ea\u10d8\u10d0\u10dc, \u10e0\u10dd\u10db \u10e0\u10d0\u10e6\u10d0\u10ea \u10d8\u10e1\u10d4 \u10d5\u10d4\u10e0 \u10d0\u10e0\u10d8\u10e1, \u10d4\u10e1 \u10ea\u10d5\u10da\u10d8\u10e1 \u10db\u10d0\u10d7 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0 \u10e5\u10ea\u10d4\u10d5\u10d0\u10e1, \u10ee\u10d3\u10d4\u10d1\u10d8\u10d0\u10dc \u10e3\u10e4\u10e0\u10dd \u10e4\u10e0\u10d7\u10ee\u10d8\u10da\u10d4\u10d1\u10d8, \u10d0\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d4\u10dc \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10e1 \u10d3\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d4\u10d1\u10e1. \u10d0\u10db\u10d0\u10e1\u10d7\u10d0\u10dc\u10d0\u10d5\u10d4 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10e3\u10d9\u10d5\u10d4 \u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 \u10e3\u10eb\u10e0\u10d0\u10d5\u10d8 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10ed\u10d0\u10e0\u10d1\u10d8 \u10e0\u10d0\u10dd\u10d3\u10d4\u10dc\u10dd\u10d1\u10d0. \u10d0\u10db \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc \u10d2\u10d0\u10db\u10dd\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10e1\u10ea\u10d4\u10dc\u10d0\u10e0 \u10e9-\u10e8\u10d8 \u10db\u10dd\u10d5\u10da\u10d4\u10dc\u10d4\u10d1\u10d8 \u10e3\u10e4\u10e0\u10dd \u10d3\u10e0\u10d0\u10db\u10d0\u10e2\u10e3\u10da\u10d0\u10d3 \u10d5\u10d8\u10d7\u10d0\u10e0\u10d3\u10d4\u10d1\u10d0<br \/>\n      \u10e0\u10d4\u10ea\u10d4\u10e1\u10d8\u10d0 \u10d0\u10dd\u10e0\u10db\u10d0\u10d2\u10d4\u10d1\u10e1 \u10ec\u10da\u10d8\u10e3\u10e0\u10d8 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d4\u10d1\u10d8\u10e1 \u10ee\u10d5\u10d4\u10d3\u10e0\u10d8\u10d7\u10d8 \u10ec\u10d8\u10da\u10d8\u10e1 \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10d4\u10da\u10e1 \u10d3\u10d0 \u10d3\u10d0\u10e3\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10d4\u10da \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d6\u10d4 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d4\u10d1\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 50%-\u10d3\u10d0\u10dc 60%-\u10db\u10d3\u10d4. \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10d3\u10d0\u10dc\u10d0\u10d9\u10d0\u10e0\u10d2\u10d4\u10d1\u10d8 \u10e3\u10e4\u10e0\u10dd \u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10d0, \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10d3\u10d8\u10d3 \u10ea\u10d8\u10e4\u10e0\u10d4\u10d1\u10e1 \u10d0\u10e6\u10ec\u10d4\u10d5\u10e1 (\u10d8\u10ee. \u10e1\u10ea\u10d4\u10dc\u10d0\u10e0\u10d8 \u10e9).<br \/>\n      \u10d4\u10d5\u10e0\u10dd\u10e1 \u10d9\u10e3\u10e0\u10e1\u10d8\u10e1 \u10db\u10d8\u10db\u10d0\u10e0\u10d7 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10d9\u10e3\u10e0\u10e1\u10d8\u10e1 \u10d3\u10d0\u10ea\u10d4\u10db\u10d0\u10db \u10e0\u10d4\u10d9\u10dd\u10e0\u10d3\u10e3\u10da \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10d4\u10da\u10e1 \u10db\u10d8\u10d0\u10e6\u10ec\u10d8\u10d0, \u10e0\u10d0\u10db\u10d0\u10ea \u10d4\u10d5\u10e0\u10dd\u10de\u10d0\u10e1 \u10e1\u10d4\u10e0\u10d8\u10dd\u10d6\u10e3\u10da\u10d8 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10de\u10e0\u10dd\u10d1\u10da\u10d4\u10db\u10d4\u10d1\u10d8 \u10e8\u10d4\u10e3\u10e5\u10db\u10dc\u10d0. \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10db\u10d9\u10d5\u10d4\u10d7\u10e0\u10db\u10d0 \u10d3\u10d0\u10ea\u10d4\u10db\u10d0\u10db \u10d4\u10d5\u10e0\u10dd\u10de\u10d8\u10e1 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8 \u10d2\u10d0\u10d0\u10eb\u10d5\u10d8\u10e0\u10d0 \u10db\u10d0\u10e8\u10d8\u10dc, \u10e0\u10dd\u10ea\u10d0 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8 \u10eb\u10da\u10d8\u10d4\u10e0 \u10d2\u10d0\u10d8\u10d0\u10e4\u10d3\u10d0. \u10db\u10d4\u10dd\u10e0\u10d4 \u10de\u10e0\u10dd\u10d1\u10da\u10d4\u10db\u10d0\u10e1, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d4\u10d5\u10e0\u10dd\u10de\u10d0\u10e1 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10e3\u10da\u10db\u10d0 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10db\u10d0 \u10e8\u10d4\u10e3\u10e5\u10db\u10dc\u10d0, \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1 \u10e3\u10eb\u10e0\u10d0\u10d5\u10d8 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d1\u10d4\u10e0\u10d8\u10da\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d9\u10da\u10d4\u10d1\u10d8\u10e1 \u10db\u10d6\u10d0\u10e0\u10d3\u10d8 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d0. \u10d0\u10e1\u10d4\u10d7\u10d8 \u10e0\u10d0\u10db \u10e3\u10d9\u10d5\u10d4 \u10e4\u10d8\u10e5\u10e1\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d8\u10dc\u10d2\u10da\u10d8\u10e1\u10e1\u10d0 \u10d3\u10d0 \u10d4\u10e1\u10de\u10d0\u10dc\u10d4\u10d7\u10e8\u10d8, \u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d0\u10d3, \u10d8\u10dc\u10d2\u10da\u10d8\u10e1\u10d8\u10e1 \u10ea\u10d4\u10dc\u10e2\u10e0\u10d0\u10da\u10e3\u10e0\u10db\u10d0 \u10d1\u10d0\u10dc\u10d9\u10db\u10d0 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10e1\u10d0\u10d3\u10d8\u10e1\u10d9\u10dd\u10dc\u10e2\u10dd \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8 \u10e1\u10e3\u10da \u10ea\u10dd\u10e2\u10d0 \u10ee\u10dc\u10d8\u10e1 \u10ec\u10d8\u10dc \u10db\u10d4\u10dd\u10d7\u10ee\u10d4\u10d3\u10d8\u10d7 \u10e8\u10d4\u10d0\u10db\u10ea\u10d8\u10e0\u10d0.<br \/>\n      \u10e0\u10d0 \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d0\u10e1 \u10db\u10dd\u10d0\u10ee\u10d3\u10d4\u10dc\u10e1 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10e3\u10da\u10d8 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10d6\u10d4? \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10e1, \u10d4\u10d5\u10e0\u10dd\u10de\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10d8\u10e1\u10d0\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d4\u10d1\u10d8\u10d7, \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d0\u10e1\u10d7\u10d0\u10dc \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8, \u10db\u10ed\u10d8\u10d3\u10e0\u10dd \u10d3\u10d0 \u10de\u10d8\u10e0\u10d3\u10d0\u10de\u10d8\u10e0\u10d8 \u10e1\u10d0\u10d5\u10d0\u10ed\u10e0\u10dd \u10d0\u10dc \u10e1\u10d0\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10dd \u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10d8 \u10d0\u10e0 \u10d0\u10e5\u10d5\u10e1, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10e3\u10e0\u10d7\u10d8\u10d4\u10e0\u10d7\u10dd\u10d1\u10d0 \u10d0\u10e5\u10d5\u10e1 \u10d8\u10db \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10d7\u10d0\u10dc, \u10e0\u10dd\u10db\u10d4\u10da\u10d7\u10d0 \u10e1\u10d0\u10e0\u10d4\u10d6\u10d4\u10e0\u10d5\u10dd \u10d5\u10d0\u10da\u10e3\u10e2\u10d0\u10ea \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10d0 \u10d3\u10d0 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10d3\u10dd\u10da\u10d0\u10e0\u10e8\u10d8 \u10ee\u10dd\u10e0\u10ea\u10d8\u10d4\u10da\u10d3\u10d4\u10d1\u10d0. \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10db\u10d8\u10db\u10d0\u10e0\u10d7 \u10da\u10d0\u10e0\u10d8\u10e1 \u10ee\u10d4\u10da\u10dd\u10d5\u10dc\u10e3\u10e0\u10db\u10d0 \u10d2\u10d0\u10db\u10e7\u10d0\u10e0\u10d4\u10d1\u10d0\u10db \u10e5\u10d0\u10e0\u10d7\u10e3\u10da\u10d8 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10e3\u10e4\u10e0\u10dd \u10d2\u10d0\u10d0\u10eb\u10d5\u10d8\u10e0\u10d0, \u10e0\u10d0\u10ea \u10e3\u10d0\u10e0\u10e7\u10dd\u10e4\u10d8\u10d7\u10d0\u10d3 \u10d0\u10d8\u10e1\u10d0\u10ee\u10d4\u10d1\u10d0 \u10d8\u10e1\u10d4\u10d3\u10d0\u10ea \u10e0\u10d0\u10d3\u10d8\u10d9\u10d0\u10da\u10e3\u10e0\u10d0\u10d3 \u10d3\u10d4\u10e4\u10d8\u10ea\u10d8\u10e2\u10e3\u10e0 \u10e1\u10d0\u10d2\u10d0\u10d3\u10d0\u10db\u10ee\u10d3\u10d4\u10da\u10dd \u10d1\u10d0\u10da\u10d0\u10dc\u10e1\u10d6\u10d4.<br \/>\n      \u10db\u10d4\u10dd\u10e0\u10d4\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5, \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10e8\u10d8 \u10e8\u10d4\u10e5\u10db\u10dc\u10d8\u10da\u10d8 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10d0\u10e3\u10ea\u10d8\u10da\u10d4\u10d1\u10da\u10d0\u10d3 \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d4\u10d5\u10e1 \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10d0\u10d3 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10e8\u10d8 (\u10db\u10d0\u10d7 \u10e8\u10dd\u10e0\u10d8\u10e1 \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10e8\u10d8) \u10d2\u10d0\u10dc\u10ee\u10dd\u10e0\u10ea\u10d8\u10d4\u10da\u10d4\u10d1\u10e3\u10da\u10d8 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10de\u10e0\u10dd\u10d4\u10e5\u10e2\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0\u10e1.<br \/>\n      \u10e5\u10d0\u10e0\u10d7\u10e3\u10da\u10d8 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d8\u10e1 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d3\u10dd\u10dc\u10d4 \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10db\u10d0\u10e6\u10d0\u10da\u10d8\u10d0, \u10d3\u10dd\u10da\u10d0\u10e0\u10e8\u10d8 \u10d2\u10d0\u10dc\u10d7\u10d0\u10d5\u10e1\u10d4\u10d1\u10e3\u10da\u10d8 \u10d3\u10d4\u10de\u10dd\u10d6\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10ee\u10d5\u10d4\u10d3\u10e0\u10d8\u10d7\u10d8 \u10ec\u10d8\u10da\u10d8 65.5%-\u10d8\u10d0, \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10d3\u10d0\u10ea\u10d4\u10db\u10d0 \u10d0\u10e3\u10e4\u10d0\u10e1\u10e3\u10e0\u10d4\u10d1\u10e1 \u10d0\u10dc\u10d0\u10d1\u10e0\u10d4\u10d1\u10d8\u10e1 \u10dd\u10e0 \u10db\u10d4\u10e1\u10d0\u10db\u10d4\u10d3\u10d6\u10d4 \u10db\u10d4\u10e2\u10e1. \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10d5\u10d0\u10e0\u10d3\u10dc\u10d8\u10d3\u10d0\u10dc \u10d2\u10d0\u10db\u10dd\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4, \u10d2\u10d0\u10e1\u10d0\u10d9\u10d5\u10d8\u10e0\u10d8 \u10d0\u10e0 \u10d0\u10e0\u10d8\u10e1, \u10e0\u10dd\u10db \u10ec\u10da\u10d4\u10e3\u10da\u10e1 \u10e3\u10ea\u10ee\u10dd\u10e3\u10e0 \u10d5\u10d0\u10da\u10e3\u10e2\u10d0\u10e8\u10d8 \u10d2\u10d0\u10dc\u10d7\u10d0\u10d5\u10e1\u10d4\u10d1\u10e3\u10da\u10d8 \u10d3\u10d4\u10de\u10dd\u10d6\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10e1\u10e2\u10e0\u10e3\u10e5\u10e2\u10e3\u10e0\u10d0 \u10d4\u10d5\u10e0\u10dd\u10e1 \u10e1\u10d0\u10e1\u10d0\u10e0\u10d2\u10d4\u10d1\u10da\u10dd\u10d3 \u10e8\u10d4\u10d8\u10ea\u10d5\u10d0\u10da\u10d0, \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10e1 \u10ec\u10d8\u10da\u10d8 89.2%-\u10d3\u10d0\u10dc 78.6%-\u10db\u10d3\u10d4 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0, \u10ee\u10dd\u10da\u10dd \u10d4\u10d5\u10e0\u10dd\u10e1 \u10ec\u10d8\u10da\u10d8 10.3-\u10d3\u10d0\u10dc 20.6 %-\u10db\u10d3\u10d4 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0.<br \/>\n      \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da\u10d8 \u10d1\u10d0\u10dc\u10d9\u10d8\u10e1 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10d7, \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd\u10e1 \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e1\u10d0\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10dd \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d7\u10d0\u10dc \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10e1 \u10d0\u10e0\u10d0\u10de\u10d8\u10e0\u10d3\u10d0\u10de\u10d8\u10e0\u10d8 \u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd \u10e5\u10d5\u10d4\u10e7\u10dc\u10d8\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0 \u10d6\u10e0\u10d3\u10d0\u10d6\u10d4 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10d8\u10db\u10dd\u10e5\u10db\u10d4\u10d3\u10d4\u10d1\u10e1 \u10d3\u10d0 \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10e1 \u10e1\u10d0\u10d5\u10d0\u10e0\u10d0\u10e3\u10d3\u10dd \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d0 2008 \u10ec\u10da\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 8%-\u10d8 \u10d8\u10e5\u10dc\u10d4\u10d1\u10d0. \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da\u10d8 \u10d1\u10d0\u10dc\u10d9\u10d8\u10e1 \u10db\u10dd\u10dc\u10d4\u10e2\u10d0\u10e0\u10e3\u10da\u10d8 \u10de\u10dd\u10da\u10d8\u10e2\u10d8\u10d9\u10d8\u10e1 \u10d9\u10dd\u10db\u10d8\u10e2\u10d4\u10e2\u10d8\u10e1 16 \u10d0\u10de\u10e0\u10d8\u10da\u10d8\u10e1 \u10e8\u10d4\u10ee\u10d5\u10d4\u10d3\u10e0\u10d0\u10d6\u10d4 \u10d0\u10e6\u10d8\u10dc\u10d8\u10e8\u10dc\u10d0, \u10e0\u10dd\u10db \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0\u10d6\u10d4 \u10db\u10dd\u10e5\u10db\u10d4\u10d3\u10d8 \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10d8 \u10e0\u10d0\u10db\u10d3\u10d4\u10dc\u10d0\u10d3\u10db\u10d4 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0, \u10db\u10d8\u10e3\u10ee\u10d4\u10d3\u10d0\u10d5\u10d0\u10d3 \u10d0\u10db\u10d8\u10e1\u10d0, \u10d0\u10db\u10d0\u10d5\u10d4 \u10e8\u10d4\u10ee\u10d5\u10d4\u10d3\u10e0\u10d0\u10d6\u10d4 12-\u10db\u10d3\u10d4 \u10d2\u10d0\u10d6\u10e0\u10d3\u10d8\u10da\u10d8 \u10e1\u10d0\u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10dd \u10d2\u10d0\u10dc\u10d0\u10d9\u10d5\u10d4\u10d7\u10d8\u10d7 \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da\u10d8 \u10d1\u10d0\u10dc\u10d9\u10d8 \u10d8\u10db\u10d4\u10d3\u10dd\u10d5\u10dc\u10d4\u10d1\u10e1 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d8\u10e1 8%-\u10d8\u10d0\u10dc\u10d8 \u10d6\u10e6\u10d5\u10d0\u10e0\u10d8\u10e1 \u10d3\u10d0\u10ea\u10d5\u10d0\u10e1.<br \/>\n      \u10d0\u10e1\u10d4\u10d5\u10d4 \u10e3\u10dc\u10d3\u10d0 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\u10e0\u10dd\u10db \u10d4\u10e1 \u10dd\u10e0\u10d8\u10d5\u10d4 \u10d3\u10d0\u10e0\u10d2\u10d8 \u10e1\u10d0\u10dd\u10ea\u10d0\u10e0\u10d8 \u10e1\u10d8\u10e1\u10ec\u10e0\u10d0\u10e4\u10d8\u10d7 \u10d5\u10d8\u10d7\u10d0\u10e0\u10d3\u10d4\u10d1\u10d0, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d0\u10e0\u10d8\u10e1 \u10d4\u10e0\u10d7\u10d8 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d4\u10d1\u10d0. \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10e8\u10d8 \u10e3\u10eb\u10e0\u10d0\u10d5\u10d8 \u10e5\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10eb\u10d5\u10d8\u10e0\u10d4\u10d1\u10d0 \u10d2\u10d0\u10db\u10dd\u10ec\u10d5\u10d4\u10e3\u10da\u10d8\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e9\u10d0\u10d3\u10d4\u10d1\u10d8\u10e1, \u10d2\u10d0\u10dc\u10ee\u10dd\u10e0\u10ea\u10d8\u10d4\u10da\u10d4\u10d1\u10d8\u10e1 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\u10d8\u10e6\u10d4\u10d1\u10d4\u10dc. \u10db\u10d7\u10d0\u10d5\u10e0\u10dd\u10d1\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10eb\u10d0\u10da\u10d8\u10e1\u10ee\u10db\u10d4\u10d5\u10d0 \u10d8\u10e5\u10d8\u10d7\u10d9\u10d4\u10dc \u10e3\u10dc\u10d3\u10d0 \u10d8\u10e5\u10dc\u10d4\u10e1 \u10db\u10d8\u10db\u10d0\u10e0\u10d7\u10e3\u10da\u10d8, \u10e0\u10dd\u10db \u10d2\u10d0\u10e9\u10dc\u10d3\u10d4\u10e1 \u10d0\u10da\u10e2\u10d4\u10e0\u10dc\u10d0\u10e2\u10d8\u10e3\u10da\u10d8 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d8\u10dc\u10e1\u10e2\u10e0\u10e3\u10db\u10d4\u10dc\u10e2\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10e8\u10d4\u10d8\u10e5\u10db\u10dc\u10d0\u10e1 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0\u10d8 \u10e1\u10d0\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10dd \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d4\u10d1\u10d8 \u10ec\u10d0\u10e0\u10db\u10dd\u10d4\u10d1\u10d0\u10e8\u10d8 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10e0\u10d4\u10d1\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1. \u10e3\u10dc\u10d3\u10d0 \u10db\u10dd\u10ee\u10d3\u10d4\u10e1 \u10da\u10d0\u10e0\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d5\u10da\u10d8\u10d7\u10d8 \u10d9\u10e3\u10e0\u10e1\u10d8\u10e1 \u10e3\u10e4\u10e0\u10dd \u10d7\u10d0\u10d5\u10d8\u10e1\u10e3\u10e4\u10da\u10d0\u10d3 \u10e4\u10dd\u10e0\u10db\u10d8\u10e0\u10d4\u10d1\u10d8\u10e1 \u10e3\u10d6\u10e0\u10e3\u10dc\u10d5\u10d4\u10da\u10e7\u10dd\u10e4\u10d0. \u10e0\u10d0 \u10d7\u10e5\u10db\u10d0 \u10e3\u10dc\u10d3\u10d0, \u10d4\u10e1 \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10d0\u10e0\u10d0\u10de\u10dd\u10de\u10e3\u10da\u10d0\u10e0\u10e3\u10da\u10d8 \u10dc\u10d0\u10d1\u10d8\u10ef\u10d8\u10d0, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d2\u10e0\u10eb\u10d4\u10da\u10d5\u10d0\u10d3\u10d8\u10d0\u10dc \u10de\u10d4\u10e0\u10e1\u10de\u10d4\u10e5\u10e2\u10d8\u10d5\u10d0\u10e8\u10d8 \u10e5\u10d0\u10e0\u10d7\u10e3\u10da\u10d8 \u10ec\u10d0\u10e0\u10db\u10dd\u10d4\u10d1\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1 \u10e3\u10d3\u10d0\u10dd\u10d3 \u10d3\u10d0\u10d3\u10d4\u10d1\u10d8\u10d7\u10d8 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d8\u10e1 \u10db\u10dd\u10db\u10ea\u10d4\u10db\u10d8\u10d0.<br \/>\n      \u10e0\u10d0 \u10d4\u10da\u10d8\u10e1 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d0\u10e1? \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d3\u10d0 \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10e1\u10d0\u10db\u10e7\u10d0\u10e0\u10dd\u10e1 \u10db\u10eb\u10da\u10d0\u10d5\u10e0 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0\u10e1, \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10d0\u10db\u10d0\u10e1 \u10ea\u10dc\u10dd\u10d1\u10d8\u10da\u10d8 \u10df\u10e3\u10e0\u10dc\u10d0\u10da\u10d8 The Economist \u10d0\u10e6\u10dc\u10d8\u10e8\u10dc\u10d0\u10d5\u10e1, \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10d5\u10d4\u10e0 \u10db\u10d8\u10d0\u10e7\u10d4\u10dc\u10d4\u10d1\u10e1 \u10e6\u10e0\u10db\u10d0 \u10ed\u10e0\u10d8\u10da\u10dd\u10d1\u10d0\u10e1, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d2\u10d0\u10dc\u10d9\u10e3\u10e0\u10dc\u10d4\u10d1\u10d8\u10e1 \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10d8 \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10e0\u10d7\u10e3\u10da\u10d8 \u10d3\u10d0 \u10ee\u10d0\u10dc\u10d2\u10e0\u10eb\u10da\u10d8\u10d5\u10d8 \u10d8\u10e5\u10dc\u10d4\u10d1\u10d0.<br \/>\n      \u10e7\u10d5\u10d4\u10da\u10d0 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10ea \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0 \u10db\u10d4\u10ea\u10dc\u10d8\u10d4\u10e0\u10d4\u10d1\u10d0\u10e1 \u10d0\u10ee\u10d0\u10da \u10d9\u10d0\u10e2\u10d4\u10d2\u10dd\u10e0\u10d8\u10d4\u10d1\u10e1, \u10e4\u10dd\u10e0\u10db\u10d4\u10d1\u10e1\u10d0 \u10d3\u10d0 \u10d7\u10d4\u10dd\u10e0\u10d8\u10d4\u10d1\u10e1 \u10e8\u10d4\u10e1\u10eb\u10d4\u10dc\u10e1, \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 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\u10d2\u10d4\u10d2\u10db\u10d4\u10d1\u10d8\u10d0.<br \/>\n      \u10e3\u10d3\u10d0\u10dd\u10d0, \u10e0\u10dd\u10db \u10d4\u10d5\u10e0\u10dd\u10de\u10d0 \u10d3\u10d0 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d0 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10d3\u10d0\u10dc \u10d2\u10d0\u10db\u10dd\u10eb\u10d5\u10e0\u10d4\u10d1\u10d0. \u10d0\u10ee\u10d0\u10da\u10d8 \u10d2\u10d0\u10db\u10dd\u10ea\u10d3\u10d8\u10da\u10d4\u10d1\u10d8\u10d7, \u10d0\u10ee\u10d0\u10da\u10d8 \u10ea\u10dd\u10d3\u10dc\u10d8\u10d7 \u10d3\u10d0 XXI \u10e1\u10d0\u10e3\u10d9\u10e3\u10dc\u10d8\u10e1 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10d8 \u10e1\u10d4\u10e0\u10d8\u10dd\u10d6\u10e3\u10da\u10d8 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3 \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0 \u10d0\u10e6\u10d0\u10e0\u10d0\u10e1\u10dd\u10d3\u10d4\u10e1 \u10d8\u10e5\u10dc\u10d4\u10d1\u10d0 \u10d8\u10e1\u10d4\u10d7\u10d8, \u10e0\u10dd\u10d2\u10dd\u10e0\u10d8\u10ea \u10d8\u10e7\u10dd. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u10dc\u10d8\u10d9\u10d0 \u10d5\u10d0\u10e0\u10d3\u10d8\u10e8\u10d5\u10d8\u10da\u10d8 2008 \u10ec\u10da\u10d8\u10e1 16 \u10db\u10d0\u10e0\u10e2\u10e1 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10e4\u10d4\u10d3\u10d4\u10e0\u10d0\u10da\u10e3\u10e0\u10db\u10d0 \u10e1\u10d0\u10e0\u10d4\u10d6\u10d4\u10e0\u10d5\u10dd \u10e1\u10d0\u10db\u10e1\u10d0\u10ee\u10e3\u10e0\u10db\u10d0 \u10e3\u10e9\u10d5\u10d4\u10e3\u10da\u10dd \u10dc\u10d0\u10d1\u10d8\u10ef\u10d8 \u10d2\u10d0\u10d3\u10d0\u10d3\u10d2\u10d0, \u10e0\u10d0\u10d7\u10d0 Bear Stearns-\u10d8, \u10d0\u10e8\u10e8-\u10e1 \u10e1\u10d8\u10d3\u10d8\u10d3\u10d8\u10d7 \u10db\u10d4-5 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[27],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u10e1\u10e3\u10d1-\u10de\u10e0\u10d0\u10d8\u10db \u10d8\u10de\u10dd\u10d7\u10d4\u10d9\u10e3\u10e0\u10d8 \u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e0\u10d8\u10d6\u10d8\u10e1\u10d8 \u10d0\u10e8\u10e8-\u10e8\u10d8 - \u10e1\u10d0\u10e5\u10d0\u10e0\u10d7\u10d5\u10d4\u10da\u10dd\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/geoeconomics.ge\/?p=3440\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" 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