【慢速VOA】２００８-０９-２9

【慢速VOA】２００８-０９-２９
Trying to Contain the Credit Crisis(2/2) ( 本次听写约174词 )

[下载今日慢速VOA听力资料mp3版] (右键另存为)

2008-09-29
In the speech in July, (Treasury Secretary Henry Paulson) said we need creat a resolution process that ensures the finanial system can withstand the failure of a large complex financial firm. He said, that today, expectations that the government will (intervene) to prevent a failure are based on two (concerns). These concerns are that a company may be too intercennected to fail or to0 big to fail. Policy makers, he said must take steps because the tools now available are limited. This week while the government agree to help AIG, it refused a (bailout) for a big investment bank Lehman Brothers. That force Lehman to seek bankkruptcy (court) protection from it's (creditors).
The united states had five big, independent investment banks before the credit crisis (began) more than a year ago. Now Lehman has (failed). (Merrill Lynch) agreed on Sunday to (sell itself to) bank of America and (the Fed) agreed in March to provided 29 bilion dollars in (loans) for the sale (of Bear Stearns). The two left are Morgan Stanley and Goldman Sachs.