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2015年6月大学英语六级考试模拟题(二)
K) In the 1980s, the financial sector's share of total corporate profits ranged from about 10 to 20 percent. By 2004, it was about 35 percent. Simon Johnson, an economist at MIT, recalls a conversation he had with a fund manager. "The guy said to me, 'Simon, it's so little money! You can sway senators for $10 million!?'"Johnson laughs ruefully (后悔地). "These guys [ big investors ] don't even think in millions. They think in billions."
L) What you get for that money is favors. The last financial crisis fades from memory and the public begins to focus on other things. Then the finance guys begin nudging (游说). They hold some fundraisers for politicians, make some friends, explain how the regulations they're under are onerous and unfair. And slowly, surely, those regulations come undone. This financial crisis will stick in our minds for a while, but not forever. And after briefly dropping to less than 15 percent of corporate profits, the financial sector has rebounded to more than 30 percent. They'll have plenty of money with which to help their friends forget this whole nasty affair.
5. Lax ( 不严格的) Regulators
M ) The most troubling prospect is the chance that this bill, if we'd passed it in 2000, wouldn't even have prevented this financial crisis. That's not to undersell it: It would've given regulators more information with which to predict the crisis. But they had enough information, and they ignored it. They get caught up in boom times just like everyone else. A bubble, almost by definition, affects the regulators with the power to pop it.
N) In 2005, with housing prices running far, far ahead of the historical trend, Bemanke said a housing bubble was "a pretty unlikely possibility". In 2007, he said Fed officials "do not expect significant spillovers from the subprime market to the rest of the economy." Alan Greenspan, looking back at the financial crisis, admitted in April that regulators "have had a woeful record of chronic failure. History tells us they cannot identify the timing of a crisis, or anticipate exactly where it will be located or how large the losses and spillovers will be."
46、In the 1980s and 1990s people experienced no substantial increase in terms of income, which brought about the popularity of credit.
47、Financial crisis is a crisis of banks in that shadow banking may cause banks to fail.
48、The finance guys make friends with politicians in the hope of making some burdensome and unfair regulations cancelled.
49、The legislation concerning financial reform offers regulators the power of supervising shadow banks and disintegrating companies on the verge of bankruptcy.
50、In terms of the effect of unemployment, it is more deeply felt by the poor than by the rich.
51、Even if there was enough information to predict there would be financial crisis, the regulators still chose to ignore it.
52、Emerging economies with insufficient investment opportunities have invested much money in developed countries.
53、Regulators with power tended to fail again and again concerning forecasting a financial crisis.
54、A fund manager or large investor is considered absurdly rich by an economist from MIT.
55、Large investors' deposits can be made safer if shadow banking system is under the control of regulators.
Section C
Directions: There are 2 passages in this section. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A), B), C) and D ). You should decide on the best choice and mark the corresponding letter on Answer Sheet 2 with a single line through the centre.