VOA标准英语2009年-Geithner Says US Financial System 'Startin
时间：2019-01-13 作者：英语课 分类：VOA标准英语2009年(五月)
U.S. Treasury 1 Secretary Timothy Geithner said the Obama administration is making progress in calming financial markets. Testifying before the Senate Banking 2 committee, Geithner said a program to help banks and other financial institutions get rid of bad investments will start operating in about six weeks.
U.S. Treasury Secretary Timothy Geithner on Capitol Hill, 20 May 2009
Treasury Secretary Geithner told members of the Senate banking committee that economic recovery efforts are beginning to take effect.
"Today I am pleased to report that there are encouraging signs that the financial system is starting to heal," said Timothy Geithner. "Concern about systemic risk has diminished, and overall credit conditions have started to improve."
Geithner said government and private investors 3 will work together to purchase bad loans from banks, so-called "toxic 4 assets", so the banks can resume lending and get the economy going again.
The treasury secretary faced some skepticism from some members of the panel as he gave a progress report on his oversight 5 of the $700-billion effort, known as the Troubled Asset Relief Program, or "TARP." Ranking Republican member, Senator Richard Shelby of Alabama, accused the Obama administration of not have having a well-conceived plan for the country's banks.
"The failure to devise a clear, Mr. Secretary, and credible 6 plan for employing TARP, has also resulted in a massive waste, some people believe, of taxpayer 7 dollars," said Senator Shelby.
Senator Shelby said the massive TARP plan approved late last year had actually scared investors instead of calming them. Several other Republican members expressed concern about the level of government intervention 8 in the market economy. Geithner defended his administration's actions.
"Crises don't burn themselves out," he said. "Crises this severe don't burn themselves out. To fix them requires the action of government."
Geithner confirmed media reports that the Obama administration is considering the creation of a regulatory commission that would have broad authority to protect consumers of financial products such as mortgages, credit cards and mutual 9 funds. He said discussions are still ongoing 10.
- The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
- This book is a treasury of useful information.这本书是有价值的信息宝库。
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
- a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
- a cash bonanza for investors 投资者的赚钱机会
- The factory had accidentally released a quantity of toxic waste into the sea.这家工厂意外泄漏大量有毒废物到海中。
- There is a risk that toxic chemicals might be blasted into the atmosphere.爆炸后有毒化学物质可能会进入大气层。
- I consider this a gross oversight on your part.我把这件事看作是你的一大疏忽。
- Your essay was not marked through an oversight on my part.由于我的疏忽你的文章没有打分。
- The news report is hardly credible.这则新闻报道令人难以置信。
- Is there a credible alternative to the nuclear deterrent?是否有可以取代核威慑力量的可靠办法？
- The new scheme will run off with a lot of the taxpayer's money.这项新计划将用去纳税人许多钱。
- The taxpayer are unfavourably disposed towards the recent tax increase.纳税者对最近的增加税收十分反感。
- The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
- Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。
- We must pull together for mutual interest.我们必须为相互的利益而通力合作。
- Mutual interests tied us together.相互的利害关系把我们联系在一起。