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1、2001年MBA英语真题及答案 Questions31to34arebasedonthefollowingpassage: ThestabilityoftheU.S.bankingsystemismaintainedbymeansofsupervisionandregulation,inspections,depositinsurance,andloanstotroubledbanks.Forover50years,theseprecautionshavepreventedbankingpanics.Ho
2、wever,therehavebeensomeclosecalls.ThecollapseofContinentallllinoisBank&TrustedCompanyofChicagoin1984didnotbringdownthebankingsystem,butitcertainlyrattledsomewindows. Inthelate1970s,ContinentalsoaredtoaleadershippositionamongMidwesternbanks.Partsofitsgrowths
3、trategywererisky,however.Itmademanyloansintheenergyfield,includingbillionthatittookoverfromPennSquareBandofOklahomaCity.Toobtainthefundsitneededtomaketheseloans,Continentalreliedheavilyonshorttermborrowingfromotherbanksandlarge,30daycertificatesofdeposit-"h
4、otmoney",inbankingjargon.AtleastoneContinentalofficersawdangersignsandwroteawarningmemotohersuperiors,butthememowentunheeded.AlthoughtheComptrolleroftheCurrencyinspectedContinentalonaregularbasis,itfailedtoseelowseriousitsproblemsweregoingtobe. PennSquareBa
5、nkwasclosedbyregulatorsinJuly1982.Whenenergypricesbegantoslip,mostofthebillioninloansthatContinentalhadtakenoverfromthesmallerbanksturnedouttobehad.OtherloanstotroubledcompaniessuchChrysler,lnternationalHarvester,andBranifflookedquestionable.Seeingtheseproble
6、m,"hotmoney"ownersbegantopulltheirfundsoutofContinental. Bythespringof1984,arunonContinentalhadbegun.InMay,thebankhadtoborrow.5billionfromtheFedtoreplaceovernightfundsitbadlost.Butthiswasnotenough.TotrytostemtheoutflowofdepositsfromContinemtal,theFDICagreed
7、toguaranteenotjustthefirst,000ofeachdepositorsmoneybutallofit.Nevertheless,theruncontinued. FederalregulatorstriedhardtofindasoundbankthatcouldtakeoverContinental-acommonwayofrescuingfailingbanks.ButContinentalwasjusttoobigforanyonetobuy.ByJuly,allhopeofap
8、rivatesectorrescuewasdashed.Regulatorsfacedastarkchoice:LetContinentalcollapse,ortakeitoverthemselves. Lettingthebankfailseemedtoorisky.Itwasestimatedthatmorethan100otherbankshadplacede