奥巴马演讲 Time for Action on Financial Reform
文章来源:未知 文章作者:meng 发布时间:2010-03-27 06:50 字体: [ ]  进入论坛
(单词翻译:双击或拖选)

Remarks of President Barack Obama
As Prepared for Delivery
Weekly Address
March 20, 2010

On Monday, the Banking1 Committee of the United States Senate will debate a proposal to address the abuse and excess(无节制,过度) that led to the worst financial crisis in generations.  These reforms are essential.  As I’ve urged over the past year, we need common-sense rules that will our allow markets to function fairly and freely while reining2 in(放慢,控制) the worst practices of the financial industry.  That’s the central lesson of this crisis.  And we fail to heed3(注意,留心) that lesson at our peril4(危险,冒险) .

Of course, there were many causes of the economic turmoil5(混乱,骚动) that ripped through(裂开,突进) our country over the past two years.  But it was a crisis that began in our financial system.  Large banks engaged in reckless(鲁莽的,粗心大意的) financial speculation6 without regard for the consequences – and without tough oversight7.  Financial firms invented and sold complicated financial products to escape scrutiny8(监视,详细审查) and conceal9 enormous risks.  And there were some who engaged in the rampant10(猖獗的,狂暴的) exploitation of consumers to turn a quick profit no matter who was hurt in the process.

Now, I have long been a vigorous defender11 of free markets.  And I believe we need a strong and vibrant12(响亮的,充满生气的) financial sector13 so that businesses can get loans; families can afford mortgages; entrepreneurs can find the capital to start a new company, sell a new product, offer a new service.  But what we have seen over the past two years is that without reasonable and clear rules to check abuse and protect families, markets don’t function freely.  In fact, it was just the opposite.  In the absence of such rules, our financial markets spun14 out of control, credit markets froze, and our economy nearly plummeted15(垂直落下) into a second Great Depression.

That’s why financial reform is so necessary.  And after months of bipartisan(两党连立的) work, Senator Chris Dodd and his committee have offered a strong foundation for reform, in line with(一致,符合) the proposal I previously16 laid out, and in line with the reform bill passed by the House.

It would provide greater scrutiny of large financial firms to prevent any one company from threatening the entire financial system – and it would update the rules so that complicated financial products like derivatives17(派生物) are no longer bought and sold without oversight.  It would prevent banks from engaging in risky18 dealings through their own hedge funds(对冲资金,避险资金) – while finally giving shareholders19 a say on executive salaries and bonuses.  And through new tools to break up failing financial firms, it would help ensure that taxpayers20 are never again forced to bail21 out a big bank because it is “too big to fail.”

Finally, these reforms include a new Consumer Financial Protection Agency to prevent predatory(掠夺的,食肉的) loan practices and other abuses to ensure that consumers get clear information about loans and other financial products before they sign on the dotted line(在正式表格上签名,正式同意) .  Because this financial crisis wasn’t just the result of decisions made by large financial firms; it was also the result of decisions made by ordinary Americans to open credit cards and take on mortgages.  And while there were many who took out loans they knew they couldn’t afford, there were also millions of people who signed contracts they didn’t fully22 understand offered by lenders who didn’t always tell the truth.

This is in part because the job of protecting consumers is spread across seven different federal agencies, none of which has the interests of ordinary Americans as its principal concern.  This diffusion23 of responsibility has made it easier for credit card companies to lure24 customers with attractive offers then punish them in the fine print; for payday lenders and others who charge outrageous25(粗暴的,可恶的) interest to operate without much oversight; and for mortgage brokers26 to entice27(诱使,怂恿) homebuyers with low initial rates only to trap them with ballooning payments down the line.

For these banking reforms to be complete – for these reforms to meet the measure of the crisis we’ve just been through – we need a consumer agency to advocate(提倡,拥护) for ordinary Americans and help enforce the rules that protect them.  That’s why I won’t accept any attempts to undermine the independence of this agency.  And I won’t accept efforts to create loopholes(漏洞,枪眼) for the most egregious28 abusers of consumers, from payday lenders to auto29 finance companies to credit card companies.

Unsurprisingly, this proposal has been a source of contention30(争论,争夺) with financial firms who like things just the way they are.  In fact, the Republican leader in the House reportedly met with a top executive of one of America’s largest banks and made thwarting31(阻挠,妨碍) reform a key part of his party’s pitch for campaign contributions.  And this week, the allies of banks and consumer finance companies launched a multimillion dollar ad campaign to fight against the proposal.  You might call this ‘air support’ for the army of lobbyists already arm twisting members of the committee to reject these reforms and block this consumer agency.  Perhaps that’s why, after months of working with Democrats32, Republicans walked away from this proposal.  I regret that and urge them to reconsider.

The fact is, it’s now been well over a year since the near collapse33 of the entire financial system – a crisis that helped wipe out(消灭,垮台) more than 8 million jobs and that continues to exact a terrible toll34 throughout our economy.  Yet today the very same system that allowed this turmoil(混乱,骚动) remains35 in place.  No one disputes that.  No one denies that reform is needed.  So the question we have to answer is very simple: will we learn from this crisis, or will we condemn36 ourselves to repeat it?  That’s what’s at stake.

I urge those in the Senate who support these reforms to remain strong, to resist the pressure from those who would preserve the status quo(现状) , to stand up for their constituents37 and our country.   And I promise to use every tool at my disposal to see these reforms enacted38: to ensure that the bill I sign into law reflects not the special interests of Wall Street, but the best interests of the American people.

Thank you.



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1 banking aySz20     
n.银行业,银行学,金融业
参考例句:
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
2 reining dc0b264aac06ae7c86d287f24a166b82     
勒缰绳使(马)停步( rein的现在分词 ); 驾驭; 严格控制; 加强管理
参考例句:
  • "That's a fine bevy, Ma'm,'said Gerald gallantly, reining his horse alongside the carriage. "太太!好一窝漂亮的云雀呀!" 杰拉尔德殷勤地说,一面让自己的马告近塔尔顿的马车。
  • I was a temperamental genius in need of reining in by stabler personalities. 我是个需要由更稳重的人降服住的神经质的天才。
3 heed ldQzi     
v.注意,留意;n.注意,留心
参考例句:
  • You must take heed of what he has told.你要注意他所告诉的事。
  • For the first time he had to pay heed to his appearance.这是他第一次非得注意自己的外表不可了。
4 peril l3Dz6     
n.(严重的)危险;危险的事物
参考例句:
  • The refugees were in peril of death from hunger.难民有饿死的危险。
  • The embankment is in great peril.河堤岌岌可危。
5 turmoil CKJzj     
n.骚乱,混乱,动乱
参考例句:
  • His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
  • The robbery put the village in a turmoil.抢劫使全村陷入混乱。
6 speculation 9vGwe     
n.思索,沉思;猜测;投机
参考例句:
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
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 scrutiny ZDgz6     
n.详细检查,仔细观察
参考例句:
  • His work looks all right,but it will not bear scrutiny.他的工作似乎很好,但是经不起仔细检查。
  • Few wives in their forties can weather such a scrutiny.很少年过四十的妻子经得起这么仔细的观察。
9 conceal DpYzt     
v.隐藏,隐瞒,隐蔽
参考例句:
  • He had to conceal his identity to escape the police.为了躲避警方,他只好隐瞒身份。
  • He could hardly conceal his joy at his departure.他几乎掩饰不住临行时的喜悦。
10 rampant LAuzm     
adj.(植物)蔓生的;狂暴的,无约束的
参考例句:
  • Sickness was rampant in the area.该地区疾病蔓延。
  • You cannot allow children to rampant through the museum.你不能任由小孩子在博物馆里乱跑。
11 defender ju2zxa     
n.保卫者,拥护者,辩护人
参考例句:
  • He shouldered off a defender and shot at goal.他用肩膀挡开防守队员,然后射门。
  • The defender argued down the prosecutor at the court.辩护人在法庭上驳倒了起诉人。
12 vibrant CL5zc     
adj.震颤的,响亮的,充满活力的,精力充沛的,(色彩)鲜明的
参考例句:
  • He always uses vibrant colours in his paintings. 他在画中总是使用鲜明的色彩。
  • She gave a vibrant performance in the leading role in the school play.她在学校表演中生气盎然地扮演了主角。
13 sector yjczYn     
n.部门,部分;防御地段,防区;扇形
参考例句:
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
14 spun kvjwT     
v.纺,杜撰,急转身
参考例句:
  • His grandmother spun him a yarn at the fire.他奶奶在火炉边给他讲故事。
  • Her skilful fingers spun the wool out to a fine thread.她那灵巧的手指把羊毛纺成了细毛线。
15 plummeted 404bf193ceb01b9d9a620431e6efc540     
v.垂直落下,骤然跌落( plummet的过去式和过去分词 )
参考例句:
  • Share prices plummeted to an all-time low. 股票价格暴跌到历史最低点。
  • A plane plummeted to earth. 一架飞机一头栽向地面。 来自《简明英汉词典》
16 previously bkzzzC     
adv.以前,先前(地)
参考例句:
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿,解释原先发生了什么。
17 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
18 risky IXVxe     
adj.有风险的,冒险的
参考例句:
  • It may be risky but we will chance it anyhow.这可能有危险,但我们无论如何要冒一冒险。
  • He is well aware how risky this investment is.他心里对这项投资的风险十分清楚。
19 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
20 taxpayers 8fa061caeafce8edc9456e95d19c84b4     
纳税人,纳税的机构( taxpayer的名词复数 )
参考例句:
  • Finance for education comes from taxpayers. 教育经费来自纳税人。
  • She was declaiming against the waste of the taxpayers' money. 她慷慨陈词猛烈抨击对纳税人金钱的浪费。
21 bail Aupz4     
v.舀(水),保释;n.保证金,保释,保释人
参考例句:
  • One of the prisoner's friends offered to bail him out.犯人的一个朋友答应保释他出来。
  • She has been granted conditional bail.她被准予有条件保释。
22 fully Gfuzd     
adv.完全地,全部地,彻底地;充分地
参考例句:
  • The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气,然后全部呼出。
  • They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。
23 diffusion dl4zm     
n.流布;普及;散漫
参考例句:
  • The invention of printing helped the diffusion of learning.印刷术的发明有助于知识的传播。
  • The effect of the diffusion capacitance can be troublesome.扩散电容会引起麻烦。
24 lure l8Gz2     
n.吸引人的东西,诱惑物;vt.引诱,吸引
参考例句:
  • Life in big cities is a lure for many country boys.大城市的生活吸引着许多乡下小伙子。
  • He couldn't resist the lure of money.他不能抵制金钱的诱惑。
25 outrageous MvFyH     
adj.无理的,令人不能容忍的
参考例句:
  • Her outrageous behaviour at the party offended everyone.她在聚会上的无礼行为触怒了每一个人。
  • Charges for local telephone calls are particularly outrageous.本地电话资费贵得出奇。
26 brokers 75d889d756f7fbea24ad402e01a65b20     
n.(股票、外币等)经纪人( broker的名词复数 );中间人;代理商;(订合同的)中人v.做掮客(或中人等)( broker的第三人称单数 );作为权力经纪人进行谈判;以中间人等身份安排…
参考例句:
  • The firm in question was Alsbery & Co., whiskey brokers. 那家公司叫阿尔斯伯里公司,经销威士忌。 来自英汉文学 - 嘉莉妹妹
  • From time to time a telephone would ring in the brokers' offices. 那两排经纪人房间里不时响着叮令的电话。 来自子夜部分
27 entice FjazS     
v.诱骗,引诱,怂恿
参考例句:
  • Nothing will entice the children from television.没有任何东西能把孩子们从电视机前诱开。
  • I don't see why the English should want to entice us away from our native land.我不明白,为什英国人要引诱我们离开自己的国土。
28 egregious j8RyE     
adj.非常的,过分的
参考例句:
  • When it comes to blatant lies,there are none more egregious than budget figures.谈到公众谎言,没有比预算数字更令人震惊的。
  • What an egregious example was here!现摆着一个多么触目惊心的例子啊。
29 auto ZOnyW     
n.(=automobile)(口语)汽车
参考例句:
  • Don't park your auto here.别把你的汽车停在这儿。
  • The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。
30 contention oZ5yd     
n.争论,争辩,论战;论点,主张
参考例句:
  • The pay increase is the key point of contention. 加薪是争论的焦点。
  • The real bone of contention,as you know,is money.你知道,争论的真正焦点是钱的问题。
31 thwarting 501b8e18038a151c47b85191c8326942     
阻挠( thwart的现在分词 ); 使受挫折; 挫败; 横过
参考例句:
  • The republicans are trying to embarrass the president by thwarting his economic program. 共和党人企图通过阻挠总统的经济计划使其难堪。
  • There were too many men resisting his authority thwarting him. 下边对他这个长官心怀不服的,故意作对的,可多着哩。
32 democrats 655beefefdcaf76097d489a3ff245f76     
n.民主主义者,民主人士( democrat的名词复数 )
参考例句:
  • The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
  • The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》
33 collapse aWvyE     
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。
34 toll LJpzo     
n.过路(桥)费;损失,伤亡人数;v.敲(钟)
参考例句:
  • The hailstone took a heavy toll of the crops in our village last night.昨晚那场冰雹损坏了我们村的庄稼。
  • The war took a heavy toll of human life.这次战争夺去了许多人的生命。
35 remains 1kMzTy     
n.剩余物,残留物;遗体,遗迹
参考例句:
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。
36 condemn zpxzp     
vt.谴责,指责;宣判(罪犯),判刑
参考例句:
  • Some praise him,whereas others condemn him.有些人赞扬他,而有些人谴责他。
  • We mustn't condemn him on mere suppositions.我们不可全凭臆测来指责他。
37 constituents 63f0b2072b2db2b8525e6eff0c90b33b     
n.选民( constituent的名词复数 );成分;构成部分;要素
参考例句:
  • She has the full support of her constituents. 她得到本区选民的全力支持。
  • Hydrogen and oxygen are the constituents of water. 氢和氧是水的主要成分。 来自《简明英汉词典》
38 enacted b0a10ad8fca50ba4217bccb35bc0f2a1     
制定(法律),通过(法案)( enact的过去式和过去分词 )
参考例句:
  • legislation enacted by parliament 由议会通过的法律
  • Outside in the little lobby another scene was begin enacted. 外面的小休息室里又是另一番景象。 来自英汉文学 - 嘉莉妹妹
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