无码中文字幕一Av王,91亚洲精品无码,日韩人妻有码精品专区,911亚洲精选国产青草衣衣衣

您現(xiàn)在的位置: Language Tips> Audio & Video> Normal Speed News  
   
 





 
Geithner says US financial system 'starting to heal'
[ 2009-05-21 13:33 ]

Download

U.S. Treasury Secretary Timothy Geithner said the Obama administration is making progress in calming financial markets. Testifying before the Senate Banking committee, Geithner said a program to help banks and other financial institutions get rid of bad investments will start operating in about 6 weeks.

Treasury Secretary Geithner told members of the Senate banking committee that economic recovery efforts are beginning to take effect.

Geithner says US financial system 'starting to heal'

"Today I am pleased to report that there are encouraging signs that the financial system is starting to heal. Concern about systemic risk has diminished, and overall credit conditions have started to improve."

Geithner said government and private investors will work together to purchase bad loans from banks, so-called "toxic 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 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 plan for employing TARP, has also resulted in a massive waste, some people believe, of taxpayer 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 in the market economy. Geithner defended his administration's actions.

"Crises don't burn themselves out. 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 funds. He said discussions are still ongoing.

bad loan:不良貸款

toxic asset有毒資產(chǎn)

progress report:進度報告

Related stories:

Confidence returning to US credit markets

US jobless rate up to 8.9%, highest in 26 years

10 major US banks told to raise $75 billion

US economy contracts at more than 6% annual rate

(Source: VOA 英語點津編輯)

 

英語點津版權(quán)說明:凡注明來源為“英語點津:XXX(署名)”的原創(chuàng)作品,除與中國日報網(wǎng)簽署英語點津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請與010-84883631聯(lián)系;凡本網(wǎng)注明“來源:XXX(非英語點津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請與稿件來源方聯(lián)系,如產(chǎn)生任何問題與本網(wǎng)無關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學習與研究,如果侵權(quán),請?zhí)峁┌鏅?quán)證明,以便盡快刪除。
相關(guān)文章 Related Story
 
 
 
本頻道最新推薦
 
日本學生因流感停課 唱卡拉OK打發(fā)時光
生活中的“小幫手”life hack
健康:豬流感
全球最大精子銀行生意火爆 供不應(yīng)求
Pop singer busted for drugs
翻吧推薦
 
論壇熱貼
 
My view of true love
殺豬or殺驢——老外回答之噴飯版
熱門國家學費高低狀況一覽
‘我的青春誰做主’怎么翻譯好?
如何翻譯別和我來這一套