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
43
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.
Corzine’s downfall is welcomed by the Republicans because he is______.
选项
A、a confidential think tanker of the Democrats
B、a key candidate alternative for the Democrats
C、a major financial resource for the Democrats
D、a crucial political supporter of the Democrats
答案
C
解析
定位词“Republicans”指向第2段最后一句,但“Republicans”对此事件不轻易放过去的原因在前一句,故C正确。
转载请注明原文地址:https://kaotiyun.com/show/RT9d777K
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
Youareaskedtowriteacompositioninwhichyougiveyourownopinionsonthefollowingstatement.Face-to-facecommunicat
Lookatthefollowingadvertisement.ChinaDailyWewouldliketohearyouropinionsaboutthei
Readthefollowingjobadvertisementintoday’sDailyTelegraph,YouareAnnJonesandwritealetterabout120wordsofapplica
Youareaskedtowriteacompositioninwhichyougiveyourownopinionsonthefollowingstatement:Trafficandhousingpro
Youareaskedtowriteacompositioninwhichyougiveyourownopinionsonthefollowingtopic:Tea
Youareaskedtowriteacompositioninwhichyougiveyourownopinionsonthefollowingtopic:
HereisanadvertisementaboutaBusinessBookClub.Readtheadvertisementandcompletethegiveninformationform.Wri
HereisanadvertisementaboutaBusinessBookClub.Readtheadvertisementandcompletethegiveninformationform.Wri
Lookatthefollowingstatement:Beingcreativeisthekeytocareersuccess.Doyouagreeordisagreew
随机试题
这个标志是何含义?
简述近岸海域环境功能区制度。
女性,30岁,因口服敌敌畏,重度中毒1小时入院,经阿托品、氯磷定等各项治疗3天后神志清醒,中毒症状缓解,体征消失。再用阿托品口服维持6天后,查全血胆碱酯酶活力仍处于80%左右,究其原因,最可能的是
(2010年)污水中的有机污染物质浓度可用COD或BOD来表示,如果以CODB表示有机污染物中可以生物降解的浓度,BODL,表示全部生化需氧量,则有:
噪声级的相加一般采用()等方法。
【2013年淄博市属文昌湖区】教育心理起源论认为教育起源于()。
被国际同行们誉为“杂交水稻之父”的人物是()。
春秋:寒暑:一年
在计数器定时查询方式下,若每次计数从[n/2]开始,则()。
某保险公司近来的一项研究表明,那些在舒适环境里工作的人比在不舒适环境里工作的人生产效率高25%。评价工作绩效的客观标准包括承办案件数和案件的复杂性。这表明:日益改善的工作环境可以提高工人的生产率。以下哪项如果为真。最能削弱以上结论?
最新回复
(
0
)