首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Read the following article from a newspaper and answer questions 19-25. For questions 19-25, choose the correct answer A, B,
Read the following article from a newspaper and answer questions 19-25. For questions 19-25, choose the correct answer A, B,
admin
2017-04-19
95
问题
Read the following article from a newspaper and answer questions 19-25.
For questions 19-25, choose the correct answer A, B, C or D.
Corzine’s Downfall
The collapse this week of the broker-dealer MF Global and the due punishment of its chief executive Jon Corzine, who resigned Friday, have been and will be put to many political and rhetorical purposes. MF Global’s bankruptcy has been called, possibly, the first domino in a potential collapse of the European banking system; in this rendering, it’s a rough analog to the failure, in the spring of 2008, of Bear Srearns, which warned the chaos of autumn. It might well be cast as a stimulus for more government regulation, or smarter regulation; to some, it might even be a case study in overregulation. Every rationale for regulation seems to contain, as yang to its yin, an argument that regulation is actually to blame.
Corzine’s downfall is an update on Icarus, all illustration of arrogance. It reminds us that leverage kills, that it is dangerous to pick up nickels in front of a steamroller, that risk is risky, that
pigs get fat while hogs get slaughtered
. It complicates the Democrats’ hopes of controlling anti-Wall Street fervor in the Presidential election, because Corzine has been one of Barack Obama’s most generous supporters-a possible future Treasury Secretary. The Republicans will not soon let this one go.
It certainly further stains the reputation of Goldman Sachs. Corzine, a former C.E.O. of Goldman, took over a company partially owned by the firm of another ex-Goldmanite, Christopher Flowers, and managed, in a year and a half, to destroy it, in part while resisting oversight from a government regulator. That regulator comes from the Commodity Futures Trading Commission, whose chairman, Gary Gensle, is also a Goldman alumnus.
It further damages the perception, or myth, that a becoming-a-partner at Goldman Sachs indicates brilliance, or insures success or a lifetime inclusion in the vampire-squid-piracy, although you can find whisperings of a conspiracy theory that Goldman planted Corzine at MF Global in order to destroy it — a notion that is almost as deceiving as it is ridiculous.
Corzane’s collapse is also an occasion for taking-pleasure-in-others’-suffering. It is an occasion for those among Occupy Wall Street’s 99 per cent, who’d be ready to pitchfork him to pieces. It is also an occasion for the tiny cowering minority, who may resent Goldman for its perceived arrogance or cunning, or who may question the conceited folly and civic harm of Corzine’s spending over a hundred million of his own money to get elected to public office. The sentiment, among his peers, was that Corzine wasn’t so great a trader to begin with. And the sentiment was also that in the years since he had left Goldman, his skills, such as they were, had got rusty or outdated.
It is ironic that Corzine blundered by, and is being criticized for, among other things, betting too unbalancedly on Europe. That is, MF Global was banking on the hope that Portugal, Ireland, Italy, and Greece(whose bonds are collectively known as PUGS)would not default on their debts by the end of the year. It might have turned out to be a good bet, were it not for the fact that it was made sneakily with money that was borrowed and perhaps even effectively stolen-or for the fact that he basically bet the firm, and the farm. Goldman Sachs, meanwhile, has been criticized, since the housing meltdown of 2008, for having profited from bets against the housing market — for shorting crappy derivatives based on mortgages. That was a good bet, except that Goldman made it while dumping those crappy derivatives on its unwitting clients.
The MF Global’s bankruptcy______.
选项
A、initiates the abrupt reforms of the government regulation
B、arouses the self-inspection of the government regulation
C、triggers the chain-reaction of the European banking system
D、starts the overall collapse of the European banking system
答案
C
解析
依靠“MF Global’s bankruptcy”定位在第1段第三行,得知它的破产产生了多米诺效应。故C符合题意。
转载请注明原文地址:https://kaotiyun.com/show/3T9d777K
本试题收录于:
BFT阅读题库国际化人才外语考试(BFT)分类
0
BFT阅读
国际化人才外语考试(BFT)
相关试题推荐
YougotaletterrequestinginformationfromAndreaPhilips,themarketingmanagerofLinguaServicesLtd.
Writeaboutthefollowingtopic:Technologygivesyoungpeopletodayknowledgeandpowerthattheyhaveneverhadbefore.Th
HereisanadvertisementaboutaBusinessBookClub.Readtheadvertisementandcompletethegiveninformationform.Wri
HereisanadvertisementaboutaBusinessBookClub.Readtheadvertisementandcompletethegiveninformationform.Wri
HereisanadvertisementaboutaBusinessBookClub.Readtheadvertisementandcompletethegiveninformationform.Wri
Lookatthefollowingstatement:Beingcreativeisthekeytocareersuccess.Doyouagreeordisagreew
Youareaskedtowriteacompositioninwhichyougiveyourownopinionsonthefollowingstatement:Face-to-facecomm
Readthefollowingletterandcompletethegiveninformationform.Writeaword,phraseornumberinthespaces1-5.De
Readthefollowingletterandcompletethegiveninformationform.Writeaword,phraseornumberinthespaces1-5.De
随机试题
InthemorningofMay5th,1975,theastronautnamedHarryJacksonwasgivenverycarefulmedicalexamination.Thenhewassent
A.斜率B.阈剂量C.EDmaxD.效价强度E.ED50反映内在活性,在质反应中阳性率达100%的参数是
按照FIDIC《施工合同条件》规定,施工中遇到( )影响,属于承包商应承担的风险。
地方各部门应当自本级财政部门批复本部门预算之日起()日内,批复所属各单位预算。
20世纪90年代,巴林银行由于经营不善,申请破产。这成为轰动全球,特别是银行业界的一件大事。根据以上材料,回答下列问题:我国对银行进行监管的目标是()。
现场审核前,审核计划应经______评审和接受,并提交给______。()
根据教育研究的目的不同,可以把教育研究分为()。
潘某对湖南省张家界市工商局的行政处罚决定不服,复议机关是()。
有人认为用电池驱动的电动车是解决未来空气污染问题的一个潜在方案。但他们却忽略了电池是要充电的,而目前我们的大多数电力都是通过燃烧有机燃料产生的,使用的电动车越多,就需要建越多的电厂,因为目前所有的电厂都在以最大的负荷运转。即使所有的汽车都被电动车替代,也不
In__________,DukeWilliamofNormandyconqueredBritainandwascrownedWilliamIofEngland.
最新回复
(
0
)