官方APP下载:英语全能特训(微信小程序版,支持苹果手机、安卓手机)
创办于2003年
UNSV记不住?那就记中文谐音“忧安思危”吧!
  Slow and Steady Wins the Race!
UNSV英语学习频道 - Slow and steady wins the race!
公众微信服务号
英语全能特训(微信公众服务号)
UNSV英语学习频道淘宝网店
客服短信:18913948480
客服邮箱:web@unsv.com
初级VIP会员
全站英语学习资料下载。
¥98元/12个月

ECONOMICS REPORT - (UPDATED) US Developing Financial Rescue Plan

阅读次数:


VIP会员专享下载:(非VIP会员无权下载!如果想下载,但还不是VIP会员,请点此订购
下载方式:使用鼠标右键(注意是鼠标右键!)点击下面的MP3音频/MP4视频链接,然后选择“另存为…”。
MP3节目录音 MP3节目录音  PDF节目文稿 PDF节目文稿 
文章正文
同步字幕

Updated

This is the VOA Special English Economics Report.

The United States government is working on a plan to rescue banks from the bad debts at the center of the financial crisis. World stock markets have risen sharply Friday on the news.

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke met with congressional leaders Thursday night. Secretary Paulson says the measures will require legislation to deal with the bad housing debt held by financial companies. He says work on details of the plan will continue through the weekend and Congress will be asked to take action next week.

Also, the Treasury Department has announced a temporary insurance program to protect money market mutual funds in the United States. Concerns in financial markets spread this week even to money market funds -- normally considered among the safest investments.

And, in another move, the Securities and Exchange Commission has temporarily barred short selling of stocks in financial companies. Short selling is selling borrowed stock in the expectation of buying it back later at a lower price, and keeping the difference. The commission said its emergency action should prevent short selling from being used to drive down share prices. Britain took similar action on Thursday.

Also Thursday, major central banks pumped extra money into financial markets to try to persuade nervous banks to lend to each other.

A.I.G. is one of the world's largest insurance companies
A.I.G. is one of the world's largest insurance companies

Last week, the United States government took control of the nation's two biggest housing finance companies. This week the Federal Reserve agreed to lend up to eighty-five billion dollars to the nation's largest insurance company. In return, the government will own eighty percent of A.I.G., the American International Group, and get interest on the two-year loan.

A.I.G. got into deep trouble on insurance policies that it provided for securities tied to risky home loans. It has dealings with every major financial company in the United States and operates in more than one hundred thirty countries.

While the government took over A.I.G., it refused a bailout for a big investment bank, Lehman Brothers. That forced Lehman to seek Bankruptcy Court protection from its creditors.

The United States had five big, independent investment banks before the credit crisis began a year ago. Now two remain: Morgan Stanley and Goldman Sachs.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Bob Doughty.

网友的学习评论(0条):
版权所有©2003-2019 南京通享科技有限公司,保留所有权利。未经书面许可,严禁转载本站内容,违者追究法律责任。 互联网经营ICP证:苏B2-20120186
网站备案:苏ICP备05000269号-1中国工业和信息化部网站备案查询
广播台