英语听力精选进阶版 13971

Report criticises Lehman Brothers

Summary

12 March 2010

A court-appointed investigator¹ says the American investment bank, Lehman Brothers, used "accounting² gimmicks³", and had been insolvent⁴ for weeks before it filed for bankruptcy⁵ in September 2008.

Reporter:

Nick Cosgrove

Report

The collapse⁶ of Lehman Brothers was the biggest bankruptcy in US history and sparked the worst financial crisis since the Great Depression. This report, which runs to two thousand, two hundred pages, has found that the leadership of Lehmans, including the Chief Executive, Dick Fuld, deliberately⁷ used financial trickery going back to 2001, to make the bank appear healthier than it really was.

In 2008 alone this mechanism⁸ enabled Lehmans to remove 50 billion dollars from its balance sheet, allowing it to maintain a decent credit rating and investor⁹ confidence. 

The report says that Lehman was unable to get an American law firm to sign off these transactions, and instead moved the work to its London office, with the blessing¹⁰ of a leading city law firm. The bank's auditors¹¹ also come in for criticism. Ernst and Young is accused of failing to question and challenge improper¹² or inadequate¹³ disclosures in the bank's results.

Nick Cosgrove, BBC News

1 investigator   

n.研究者，调查者，审查者

参考例句：

• He was a special investigator for the FBI.他是联邦调查局的特别调查员。
• The investigator was able to deduce the crime and find the criminal.调查者能够推出犯罪过程并锁定罪犯。

2 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

3 gimmicks   

n.花招，诡计，骗人的玩意儿( gimmick的名词复数 )

参考例句：

• Financial institutions are also often expected yield of gimmicks. 金融机构也往往以预期收益率为噱头。 来自互联网
• However these are just marketing gimmicks that propagate the myth. 然而这些只是噱头的营销传播的神话。 来自互联网

4 insolvent   

adj.破产的，无偿还能力的

参考例句：

• They lost orders and were insolvent within weeks.他们失去了订货，几周后就无法偿还债务。
• The bank was declared insolvent.银行被宣布破产。

5 bankruptcy   

n.破产；无偿付能力

参考例句：

• You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
• His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。

6 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

7 deliberately   

adv.审慎地；蓄意地；故意地

参考例句：

• The girl gave the show away deliberately.女孩故意泄露秘密。
• They deliberately shifted off the argument.他们故意回避这个论点。

8 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

9 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

10 blessing   

n.祈神赐福；祷告；祝福，祝愿

参考例句：

• The blessing was said in Hebrew.祷告用了希伯来语。
• A double blessing has descended upon the house.双喜临门。

11 auditors   

n.审计员，稽核员( auditor的名词复数 )；（大学课程的）旁听生

参考例句：

• The company has been in litigation with its previous auditors for a full year. 那家公司与前任审计员已打了整整一年的官司。
• a meeting to discuss the annual accounts and the auditors' report thereon 讨论年度报表及其审计报告的会议

12 improper   

adj.不适当的，不合适的，不正确的，不合礼仪的

参考例句：

• Short trousers are improper at a dance.舞会上穿短裤不成体统。
• Laughing and joking are improper at a funeral.葬礼时大笑和开玩笑是不合适的。

13 inadequate   

adj.(for,to)不充足的，不适当的

参考例句：

• The supply is inadequate to meet the demand.供不应求。
• She was inadequate to the demands that were made on her.她还无力满足对她提出的各项要求。