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  3. Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else;

Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else;

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问题     Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else; the accounting standard-setters. Their rules, moan the banks, have forced them to report enormous losses, and it’s just not fair. These rules say they must value some assets at the price a third party would pay, not the price managers and regulators would like them to fetch.
    Unfortunately, banks’ lobbying now seems to be working. The details may be unknowable, but the independence of standard-setters, essential to the proper functioning of capital markets, is being compromised. And, unless banks carry toxic assets at prices that attract buyers, reviving the banking system will be difficult.
    After a bruising encounter with Congress, America’s Financial Accounting Standards Board (FASB) rushed through rule changes. These gave banks more freedom to use models to value illiquid assets and more flexibility in recognizing losses on long-term assets in their income statement. Bob Herz, the FASB’s chairman, cried out against those who "question our motives." Yet bank shares rose and the changes enhance what one lobby group politely calls "the use of judgment by management."
    European ministers instantly demanded that the International Accounting Standards Board (IASB) do likewise. The IASB says it does not want to act without overall planning, but the pressure to fold when it completes it reconstruction of rules later this year is strong. Charlie McCreevy, a European commissioner, warned the IASB that it did "not live in a political vacuum" but "in the real word" and that Europe could yet develop different rules.
    It was banks that were on the wrong planet, with accounts that vastly overvalued assets. Today they argue that market prices overstate losses, because they largely reflect the temporary illiquidity of markets, not the likely extent of bad debts. The truth will not be known for years. But bank’s shares trade below their book value, suggesting that investors are skeptical. And dead markets partly reflect the paralysis of banks which will not sell assets for fear of booking losses, yet are reluctant to buy all those supposed bargains.
    To get the system working again, losses must be recognized and dealt with. America’s new plan to buy up toxic assets will not work unless banks mark assets to levels which buyers find attractive. Successful markets require independent and even combative standard-setters. The FASB and IASB have been exactly that, cleaning up rules on stock options and pensions, for example, against hostility from special interests. But by giving in to critics now they are inviting pressure to make more concessions.
Bankers complained that they were forced to_________.
选项 A、follow unfavorable asset evaluation rules
B、collect payments from third parties
C、cooperate with the price managers
D、reevaluate some of their assets
答案A
解析 事实细节题。选项B是对文章内容的偷梁换柱，把value偷换为collect。选项C与原文语义相反。错误一：原文明确说“规则不让按照managers期待的价格评估”，所以这与cooperate(合作)语义相反。错误二：原文中没有提到price manager这个概念，managers and regulators would like them to fetch是定语从句来修饰price。选项D reevaluate(重新评估)无中生有。题目中complain相当于moan，选项A中unfavorable相当于not fair，asset evaluation相当于value some assets，所以本项属于同义替换，因此正确选项为A“遵循不利的资产评估准则”。
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