时间:2019-02-08 作者:英语课 分类:VOA标准英语2008年(九月)


VOA标准英语2008年-White House Backs Bailout of Mortgage Giants - 英语课
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  1. 1 VOA标准英语2008年-White House Backs Bailout of Mortgage Giants 英语课
英语课

American and international financial markets are welcoming word that the U.S. government is taking over two troubled institutions that back roughly half the country's home mortgages. VOA's Paula Wolfson reports the Bush administration says it took the action reluctantly to head off a fiscal 1 crisis.


Fannie Mae and Freddie Mac are entities 2 created by Congress to finance and guarantee home loans in the United States. While they are government-licensed, they operate like private companies with shareholders 3 and corporate 4 boards.


The two mortgage giants have been severely 5 weakened by the current turmoil 6 in the U.S. housing market, which has seen a dramatic rise in foreclosures, and falling home values across the country.


Should they fail, the impact on the U.S. and world economy could be severe. And so the government stepped in - bailing 7 them out and taking over their operations.


White House spokeswoman Dana Perino says the Bush administration had no choice. "This is not action that we wanted to take. It is action that we needed to take," she said.


Perino says the White House has been warning for years that Fannie Mae and Freddie Mac were in need of reform. She says the federal takeover could have been prevented if Congress had acted on the administration's request for a strong independent regulator to oversee 8 the mortgage giants. "Remember that we have highlighted the systemic risk posed by posed by Fannie Mae and Freddie Mac because of the very large role they play on housing markets and because of their business practices," she said.


Perino says it will be up to the next U.S. president and Congress to decide the ultimate fate of the two institutions. She says for now, the goal must be to help the housing market, and the economy, recover.


Perino says that President Bush, who does not favor corporate bail-outs as a rule, approved this takeover reluctantly as a last resort.


U.S., Asian and European stock markets soared in response to the takeover. China and Japan, the biggest buyers of Freddie Mac and Fannie Mae debt, praised the move.


But European Central Bank President Jean-Claude Trichet offered a word of caution. He said while the move is welcome, risks remain in the global credit market.



adj.财政的,会计的,国库的,国库岁入的
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
实体对像; 实体,独立存在体,实际存在物( entity的名词复数 )
  • Our newspaper and our printing business form separate corporate entities. 我们的报纸和印刷业形成相对独立的企业实体。
  • The North American continent is made up of three great structural entities. 北美大陆是由三个构造单元组成的。
n.股东( shareholder的名词复数 )
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
adj.共同的,全体的;公司的,企业的
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
adv.严格地;严厉地;非常恶劣地
  • He was severely criticized and removed from his post.他受到了严厉的批评并且被撤了职。
  • He is severely put down for his careless work.他因工作上的粗心大意而受到了严厉的批评。
n.骚乱,混乱,动乱
  • His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
  • The robbery put the village in a turmoil.抢劫使全村陷入混乱。
(凿井时用吊桶)排水
  • Both fountains were going furiously and both pumps bailing with might and main. 两个人的口水只管喷泉似地朝外涌,两个抽水机全力以赴往外抽水。
  • The mechanical sand-bailing technology makes sand-washing operation more efficient. 介绍了机械捞砂的结构装置及工作原理,提出了现场操作注意事项。
vt.监督,管理
  • Soldiers oversee the food handouts.士兵们看管着救济食品。
  • Use a surveyor or architect to oversee and inspect the different stages of the work.请一位房产检视员或建筑师来监督并检查不同阶段的工作。
学英语单词
abdominal vein
access gap
agresti
akaryo(cy)te
alien absconders
amateur transmitter
antenna tuning indicator
area traffic control system
art media
arteriae ischiadica
avicides
bantus
Barnum, P(hineas) T(aylor)
benthoal
Blanc, C.
brandcompetition
browning out
cabora bassa (cahora bassa)
casting structure
catalytic constant
checks up
Chinese character wire impact printer
company benefit
cran -gevrier
Croton howii
data manipulation protocol
dehydrohalogenations
die in one's bed
dry extract
duocentric motor
Duplay's frozen syndrome
effect on capacity
egg burster
electro-hydraulic servo unit
electronic typhonic equipment
engineering special test equipment
evigilate
finston
fundamental or major breach
giganteum
goalscorers
guide wheel rim
HBMS
imbossing
intelligent test
inter-regional
isoporic charts
Judgement Jugoslav Register of Shipping
labiaplasty
linear charge density
lo bak
loan for exchange
low foam metal cleaner
low viscous flow
maser spectroscopy
mathura
medium squares
military clothing
misstructured
Ni-Vanuatu
nozzle with injector
over employed
own-branders
paludamentum
pentamethylpararosaniline
personal responsibility
phyloembzyogenetical
Pont-Sainte-Marie
post setting
prenationalization
random input running test
recomforting
red paeonia
retarding basin
retostomy
rose-coloured pastor
sacnner
scaphoid bone of hand
Schwassman-Wachmann comet
semi-displacement type
shell money
single channel head
sling
stair way
still images
sun-tracking
supporting memorandum
surplusage
swellism
syntripsis
tamarindus indicas
television communication
tetraodontids
Timme's syndrome
Tomislavgrad
tuks
uridylyltransferase
went deep
word form
zelinka
zinc-silver storage battery
ZYC