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
65
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 stained the reputation of Goldman Sachs in that he is not______.
选项
A、competent as a chief executive
B、insistent as a reform promoter
C、faithful as a business partner
D、qualified as a financial expert
答案
D
解析
此题的“stained”是线索词,指向第3段。第3段进一步分析了为什么Corzine的失败玷污了Goldman Sachs的名声。文中说他是“a former C.E.O”,故可排除A。B和C在文中没有直接表述,也不符合题意,只有D符合推理。
转载请注明原文地址:https://jikaoti.com/ti/axHsFFFM
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
YougotaletterrequestinginformationfromAndreaPhilips,themarketingmanagerofLinguaServicesLtd.
Lookatthefollowingadvertisement.ChinaDailyWewouldliketohearyouropinionsaboutthei
HereisaletterwhichcomplainsaboutthequalityoftheTVsetboughtinastore.Readtheletterandcompletethegiveninfor
HereisanadvertisementaboutaBusinessBookClub.Readtheadvertisementandcompletethegiveninformationform.Wri
HereisanadvertisementaboutforacertainpositioninthenewspaperofDec.7,2005.Readtheadvertisementandcompletethe
HereisanadvertisementaboutforacertainpositioninthenewspaperofDec.7,2005.Readtheadvertisementandcompletethe
Therehavebeenmanytechnologicaldevelopmentsinthe20thcentury,forexample,computersandelectricpower.Chooseeitherof
Readthefollowingletterandcompletethegiveninformationform.Writeaword,phraseornumberinthespaces1-5.De
随机试题
论述中位数的特点及适用场合。
信息发出者有意操纵信息的行为称为()
对急需抗凝者应同期优选()。
物理量的单位符号为A、kPaB、Pa.SC、mm2/sD、cm-1E、μm运动黏度
属客户调查内容的是()。
所谓“市场失灵”,主要指以下()经济现象。
Itissupposedtobethetimeofopportunityandadventure,beforemortgagesandmarriagehavetakentheirtoll.But【C1】______to
下列关于计算机病毒的叙述中,错误的是______。
长白山天池,水面海拔高度2189.1米,南北长4.4千米,东西宽3.37千米,(1)水深204米,最深处373米。它是中朝(2)的界湖,也是中国最深的湖泊和最大的火山口湖。长白山天池里(3)有没有“水怪”?这个百年未解之谜不知(4)了多少专家、学者、也吸
TheriseoftheInternethasbeenoneofthemosttransformativedevelopmentsinhumanhistory,comparableinimpacttotheinve
最新回复
(
0
)