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1、2001年MBA英语真题及答案 Questions31to34arebasedonthefollowingpassage: ThestabilityoftheU.S.bankingsystemismaintainedbymeansofsupervisionandregulation,inspections,depositinsurance,andloanstotroubledbanks.Forover50years,theseprecautionshavepreventedbankingpanics.However,therehav
2、ebeensomeclosecalls.ThecollapseofContinentallllinoisBank&TrustedCompanyofChicagoin1984didnotbringdownthebankingsystem,butitcertainlyrattledsomewindows. Inthelate1970s,ContinentalsoaredtoaleadershippositionamongMidwesternbanks.Partsofitsgrowthstrategywererisky,however.Itm
3、ademanyloansintheenergyfield,includingbillionthatittookoverfromPennSquareBandofOklahomaCity.Toobtainthefundsitneededtomaketheseloans,Continentalreliedheavilyonshorttermborrowingfromotherbanksandlarge,30daycertificatesofdeposit-"hotmoney",inbankingjargon.AtleastoneContine
4、ntalofficersawdangersignsandwroteawarningmemotohersuperiors,butthememowentunheeded.AlthoughtheComptrolleroftheCurrencyinspectedContinentalonaregularbasis,itfailedtoseelowseriousitsproblemsweregoingtobe. PennSquareBankwasclosedbyregulatorsinJuly1982.Whenenergypricesbegant
5、oslip,mostofthebillioninloansthatContinentalhadtakenoverfromthesmallerbanksturnedouttobehad.OtherloanstotroubledcompaniessuchChrysler,lnternationalHarvester,andBranifflookedquestionable.Seeingtheseproblem,"hotmoney"ownersbegantopulltheirfundsoutofContinental. Bythespring
6、of1984,arunonContinentalhadbegun.InMay,thebankhadtoborrow.5billionfromtheFedtoreplaceovernightfundsitbadlost.Butthiswasnotenough.TotrytostemtheoutflowofdepositsfromContinemtal,theFDICagreedtoguaranteenotjustthefirst,000ofeachdepositorsmoneybutallofit.Nevertheless,therunco
7、ntinued. FederalregulatorstriedhardtofindasoundbankthatcouldtakeoverContinental-acommonwayofrescuingfailingbanks.ButContinentalwasjusttoobigforanyonetobuy.ByJuly,allhopeofaprivatesectorrescuewasdashed.Regulatorsfacedastarkchoice:LetContinentalcollapse,ortakeitoverthemsel
8、ves. Lettingthebankfailseemedtoorisky.Itwasestimatedthatmorethan100otherbankshadplacede