在线英语听力室

VOA标准英语2012--JPMorgan Trading Losses Prompts New Probe, Concerns About Wall Street

时间：2012-05-17 07:21:17

搜索关注在线英语听力室公众号：tingroom，领取免费英语资料大礼包。

（单词翻译）

 

JPMorgan Trading Losses Prompts New Probe, Concerns About Wall Street

Just days after JPMorgan Chase reported the loss, Jamie Dimon, the bank's embattled CEO, apologized to shareholders2. "This should have never happened. I can't justify3 it. Unfortunately, these mistakes were-self inflicted," Dimon said.

Tuesday, the FBI said it was launching a probe. And, on Wednesday, lawmakers held a hearing to determine if new regulations are needed. New laws that go into effect in July would limit some banks from making proprietary4 bets with publicly-insured money.

Financial strategist Peter Cardillo blames the new regulations on Wall Street's appetite for high-risk gambles. "There's no question, derivatives5 have turned Wall Street into a casino. There's no question about that," Cardillo said.

Although Cardillo has concerns about a rush to over-regulate, Treasury6 Secretary Timothy Geithner says the JPMorgan fiasco makes a powerful case for stronger financial oversight7.

"The test of reform is not whether you can prevent banks from making mistakes, errors of judgement Risk management, that's going to happen. That's inevitable8. The test of reform should be do those mistakes put at risk the broader economy, the financial system or the taxpayer9?," Geithner said.

Ironically, JPMorgan's Dimon has been among the harshest critics of Wall Street reform. But shareholder1 Peter Skillern wonders who's watching their CEO -- who also happens to be the company's chairman.

"So who oversees10 that unit? Jamie. Who oversees Jamie? Jamie. That's the problem. He's his own boss," Skillern said.

Despite their concerns, shareholders demonstrated support for their chairman -- voting against a proposal to split his position into two separate jobs. Outside, protesters threw eggs at a picture of Dimon and expressed a litany of complaints against what they call the "fat cats" of Wall Street.

"The big banks need to be broken up, as well as reducing principal for homeowners that are underwater with their mortgages and clearly for them to stay out of, keep their money out of politics, which is really destroying our democracy right now," one protester said.

JPMorgan's trading blunder has already prompted several resignations. Analysts11 say more employees are likely to lose their jobs.


分享到：


点击收听单词发音收听单词发音  

1 shareholder VzPwU     
n.股东，股票持有人
参考例句：
  • The account department have prepare a financial statement for the shareholder.财务部为股东准备了一份财务报表。
  • A shareholder may transfer his shares in accordance with the law.股东持有的股份可以依法转让。
2 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
3 justify j3DxR     
vt.证明…正当(或有理)，为…辩护
参考例句：
  • He tried to justify his absence with lame excuses.他想用站不住脚的借口为自己的缺席辩解。
  • Can you justify your rude behavior to me?你能向我证明你的粗野行为是有道理的吗？
4 proprietary PiZyG     
n.所有权，所有的；独占的；业主
参考例句：
  • We had to take action to protect the proprietary technology.我们必须采取措施保护专利技术。
  • Proprietary right is the foundation of jus rerem.所有权是物权法之根基。
5 derivatives f75369b9e0ef2282b4d10e367e4ee2a9     
n.衍生性金融商品；派生物，引出物( derivative的名词复数 )；导数
参考例句：
  • Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
  • These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句
6 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
7 oversight WvgyJ     
n.勘漏，失察，疏忽
参考例句：
  • I consider this a gross oversight on your part.我把这件事看作是你的一大疏忽。
  • Your essay was not marked through an oversight on my part.由于我的疏忽你的文章没有打分。
8 inevitable 5xcyq     
adj.不可避免的，必然发生的
参考例句：
  • Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
  • The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。
9 taxpayer ig5zjJ     
n.纳税人
参考例句：
  • The new scheme will run off with a lot of the taxpayer's money.这项新计划将用去纳税人许多钱。
  • The taxpayer are unfavourably disposed towards the recent tax increase.纳税者对最近的增加税收十分反感。
10 oversees 4607550c43b2b83434e5e72ac137def4     
v.监督，监视( oversee的第三人称单数 )
参考例句：
  • She oversees both the research and the manufacturing departments. 她既监督研究部门又监督生产部门。 来自《简明英汉词典》
  • The Department of Education oversees the federal programs dealing with education. 教育部监管处理教育的联邦程序。 来自互联网
11 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

本文本内容来源于互联网抓取和网友提交，仅供参考，部分栏目没有内容，如果您有更合适的内容，欢迎 点击提交 分享给大家。