This viewpoint , however , is a misleading and fallacious one .
然而,这种观点是误导性和荒谬的。
Over the past two years , many of wall street 's big ideas have been exposed as woefully ill-conceived at best , utterly fallacious at worst .
过去两年,华尔街的许多大创意都落得可悲的下场,好一点的算是构思拙劣,差一点的则是彻底谬误。
Arguments against requiring banks to have much-reduced leverage are either fallacious irrelevant or weak , as are dire predictions for national competitiveness , lending and growth .