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

游客2023-07-04 47

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【B2】______banks. Investors【B3】______reacted. Stock markets fell almost five percent after he spoke Tuesday. Financial stocks lost the most. Some lawmakers【B4】______the lack of details. Others said the plan was too big. But the secretary called for【B5】______action, saying there was more risk in taking small steps.
For banks that need more capital, the plan calls for private investors or the government to provide it. But first, major banks will face a "stress test", a careful【B6】______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 troubled assets that financial companies are unable to sell. The fund may reach one trillion dollars in【B7】______, but start with half that. The concept is to【B8】______private capital and private asset managers in helping set a market value for the securities.
A third step is to increase the【B9】______of credit for individuals and businesses. Tim Geithner says the government【B10】______as many as one trillion dollars to reconstruct the market for loan-based securities. [br] 【B2】

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答案 rescue

解析意为“拯救，帮助”。

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