<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???
            一副“你奈何不了我的神態?
            thoughts from my life




          主站蜘蛛池模板: 香蕉久久久久久久AV网站| 漂亮人妻被强中文字幕久久| 亚洲AV永久无码一区| 日韩精品视频一二三四区| 欧美成人精品手机在线| jizzjizz欧美69巨大| 日本一级午夜福利免费区| 中文无码高潮到痉挛在线视频| 成在人线av无码免费高潮水老板| 黄色A级国产免费大片视频| 日本最大色倩网站www| 在线一区二区中文字幕| 一个本道久久综合久久88| 国产av一区二区三区综合| 欧美老少配性行为| 72种姿势欧美久久久久大黄蕉 | 奇米影视7777久久精品| 亚洲人成小说网站色在线| 亚洲av色欲色欲www| 在线一区二区中文字幕| 久久男人av资源网站无码软件| 国产一区二区三区精品综合| 色欲久久久天天天综合网| 久久天天躁狠狠躁夜夜avapp| 黄色网站免费在线观看| 久久久久亚洲av成人网址| A级毛片100部免费看| 国产一区二区牛影视| 国产成AV人片久青草影院| 亚洲综合无码中文字幕第2页 | 亚洲精品日本一区二区| 高清国产欧美一v精品| 蜜臀av午夜精品福利| 无码高潮少妇毛多水多水免费 | 国产午夜精品亚洲精品国产 | 欧美va亚洲va在线观看| 亚洲国产韩国欧美在线| 亚洲AV熟妇在线观看| 国产人碰人摸人爱视频| 久久蜜臀av一区三区| 青青草视频网站免费观看|