<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区
          您現在的位置: Language Tips> Audio & Video> Special Speed News  
           





           
          The fall of Bear Stearns
          [ 2008-03-21 09:31 ]

           

          Download

          This is the VOA Special English Economics Report.

          This week, the crisis in credit markets claimed Bear Stearns. The eighty-five year old investment bank in New York agreed on Sunday to sell itself to J.P. Morgan Chase. The price: just two dollars a share, as part of a rescue plan organized by the government.

          Bear stock had traded at seventy dollars last week, and one hundred seventy last year.

          The fall of Bear Stearns developed quickly. Banks were no longer willing to lend money to the company. The problems largely involved short-term loans, called repo borrowings, that are secured by assets like securities.

          The problem was that lenders no longer knew the value of the assets that secured Bear's debt. Bear Stearns invested heavily in securities based on risky home loans.

          Unable to get new loans, the bank suffered a liquidity crisis. By last Thursday, investors started withdrawing their money. This put more pressure on the bank to sell assets that no one wanted to buy. The next day, Bear informed the Securities and Exchange Commission that it would fail if nothing was done.

          Officials from the Treasury and the Federal Reserve wanted a deal to save Bear Stearns before markets opened this week in Asia. They worried that if Bear failed, it could lead to even more problems.

          The central bank agreed to lend J.P. Morgan up to thirty billion dollars to finance the purchase of Bear's less-liquid assets. The loan will be secured with those assets, and the Fed will take responsibility for them.

          To increase liquidity in the market, the Fed also agreed to lend money to securities dealers, including investment banks. The central bank has not done this since the Great Depression of the nineteen thirties.

          Last week the Fed offered banks up to two hundred billion dollars in loans. And twice this week it cut its discount rate for direct loans to banks. The Fed also lowered the target rate for overnight loans between banks for the sixth time in six months. It cut the federal funds rate by seventy-five basis points, to two and a quarter percent.

          Shareholders in Bear Stearns will vote on the takeover by J.P. Morgan. Some are expected to oppose the low-cost deal. Bear employees own about one-third of the stock in their company.

          There was some good news this week for financial stocks. Three major investment banks reported earnings that were better than expected for the three months ending February twenty-ninth.

          And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

          (Source: VOA 英語點津姍姍編輯)

           
           
          相關文章 Related Stories
           

           

           

           
           

          本頻道最新推薦

               
            The fall of Bear Stearns
            New polls show a shifting US presidential race
            Midlife eating disorder
            Three schools for the learning disabled
            Astronomers discover life-giving molecule

          論壇熱貼

               
            "文化名人“該怎么譯
            “網上辦公管理系統”怎么說?
            中端市場
            “牛B”英語怎么翻譯啊?
            一副“你奈何不了我的神態?
            thoughts from my life




          主站蜘蛛池模板: 国产无套粉嫩白浆在线精品| 国产一区二区三区小说 | 综合伊人久久在| 免费av网站| 欧美videos粗暴| 蜜桃一区二区三区免费看| 日韩乱码视频一区二区三区| 日本精品不卡一二三区| 日本深夜福利在线观看| 亚洲 欧洲 无码 在线观看| 精品国产av最大网站| 二区三区国产在线观看| 国产精品久久一区二区三区| jizzjizz欧美69巨大| 99视频精品羞羞色院| 国产成人剧情av在线| 精品少妇无码一区二区三批| 国产高清一区二区三区视频| 欧美牲交a欧美牲交aⅴ图片 | 亚洲精品一区二区制服| 91精品一区二区蜜桃| 国产成人一区二区三区视频免费| 亚洲国产精品不卡毛片a在线| 国产精品久久vr专区| 色综合天天操| 亚洲最大福利视频网| 国产色无码精品视频免费| 草草线在成年免费视频2 | 精品亚洲国产成人| 精品久久香蕉国产线看观看亚洲| 伊人亚洲综合网色| 97在线碰| 蜜桃av无码免费看永久| 亚洲欧美综合人成在线| 免费无码成人AV在线播放不卡| 欧美国产精品啪啪| 久久青草国产精品一区| 亚洲啪AV永久无码精品放毛片| 国产一区二区在线观看粉嫩| 最新精品露脸国产在线| 亚洲AV无码秘?蜜桃蘑菇|