VOA慢速英语 奥巴马寻求金融监管改革

　　Obama Seeks Reforms in Financial Supervision

　　奥巴马寻求金融监管改革

　　This is the VOA Special English Economics Report.

　　On Wednesday, President Obama proposed major changes to rebuild government supervision of the financial industry.

　　BARACK OBAMA: "So today, my administration is proposing a sweeping overhaul of the financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression."

　　The current economic downturn grew out of a culture of irresponsible lending and borrowing and "a failure of the entire system," he said. He says a new system is needed to meet the speed and complexity of a twenty-first century global economy.

　　Treasury Secretary Tim Geithner says the financial crisis developed in part because the existing system let some companies "shop for the weakest regulator." He discussed the plan before the Senate Banking Committee on Thursday.

　　One goal is to increase supervision of big companies whose failure could threaten the financial system. The Federal Reserve would gain new powers. The central bank would work with a proposed Financial Services Oversight Council to decide which companies are too big to fail.

_小精灵 儿童网