【演讲口语】Greenspan said nothing

葛林斯潘什么都没说

2019-02-16
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As for Alan Greenspan

至于艾伦葛林斯潘

 

President Reagan appointed him chairman of America's central bank the Federal Reserve

里根任命他为美国中央银行... 美国联准会的主席

 

Greenspan was reappointed by presidents Clinton and George W. Bush

葛林斯潘并获得柯林顿总统与布希总统再次任命

 

During the Clinton administration deregulation continued under Greenspan

柯林顿执政期间,持续解除金融管制,负责人包括葛林斯潘

 

And Treasury secretaries Robert Rubin

the former CEO of the investment bank Goldman Sachs

财政部长罗伯特鲁宾,即投资银行高盛集团前执行长

 

And Larry Summers,a Harvard economics professor

还有哈佛经济学教授,赖瑞桑默斯

 

The financial sector,Wall Street being powerful having lobbies,lots of money

华尔街金融业势大力大,有说客、大量资金

 

Step by stepcaptured the political system

Both on the Democratic and Republican side

一步一步抓住政治系统,民主党和共和党都一样

captured['kæptʃər]vt.捕获;占领;夺取;吸引;(用照片等)留存n.捕获;战利品

 

By the late 1990s,the financial sector had consolidated

into a huge gigantic firms,each of them so large

到了1990年代末期,金融业经过整顿

变成几家巨型公司,每一间都很大

consolidated[kən'sɑdetɪd]adj.加固的;整理过的

 

That their failure could threaten the whole system

一旦失败都有可能 威胁到整个系统

 

And the Clinton administration helped them grow even larger

柯林顿政府帮助他们更壮大

 

In 1998Citicorp and Travelers merged to form Citigroup

1998年,花旗公司和旅行家集团合并,成为花旗集团

 

The largest financial services company in the world

世界上最大的金融服务公司

 

The merger violated  the Glass-Steagall Act a law passed after the Great Depression

并购案违反葛拉斯史迪格法案,经济大萧条后通过的这条法律

 

Preventing banks with consumer

 deposits from engaging in risky investment-banking activities

禁止银行用消费者的存款,进行风险性投资银行的活动

 

ROBERT GNAIZDA Former Director Greenlining Institute

(罗伯特纳兹达,格林研究所前所长)

 

It was illegal to acquire Travelers

并购旅行家集团是违法

 

Greenspan said nothing

葛林斯潘什么都没说

 

The Federal Reserve gave them an exemption for a year and they got the law passed

联准会给他们一年的豁免,然后让法案通过

exemption [ɪg'zɛmpʃən]n.免除()

 

In 1999at the urging of Summers and Rubin Congress passed the Gramm-Leach-Bliley Act

1999年,在桑默斯与鲁宾的催促下,国会通过了美国金融服务法

 

Known to some as the Citigroup Relief Act

俗称花旗集团救济法

 

It overturned Glass-Steagall and cleared the way for the future mergers

推翻了史迪格法案,替未来的并购案解套


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