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  3. In Washington this week, Treasury Secretary Geithner announced new steps to

In Washington this week, Treasury Secretary Geithner announced new steps to

游客2023-07-07  66
问题     In Washington this week, Treasury Secretary Geithner announced new steps to rebuild trust in financial markets and restart the flow of credit. The plan, 【B1】______President Barack Obama’s economic recovery legislation, could total two trillion dollars. But Secretary Geithner gave few details of the plan to rescue banks. Investors 【B2】______reacted. Stock markets fell almost five percent after he spoke Tuesday. Financial stocks lost the most.
    Some lawmakers 【B3】______the lack of details. Others said the plan was too big. But the secretary 【B4】______ aggressive action, saying there was more risk in taking small steps.
    For banks that need more 【B5】______, the plan calls for private investors or the government to provide it. But first, major banks will face a "stress test", a 【B6】______examination of their health.
    Another step is to create a Public Private Investment Fund. This will use government and private capital to buy housing loans and other 【B7】______assets that financial companies are unable to sell. The fund may reach one trillion dollars in financing, but 【B8】______half that. The concept is to engage private capital and private asset managers in helping set a market value for the 【B9】______.
    A third step is to increase the availability of credit for individuals and businesses. Tim Geithner says the government is 【B10】______with as many as one trillion dollars to reconstruct the market for loan-based securities. [br] 【B8】
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