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(单词翻译:双击或拖选)
President Barack Obama is calling for legislation to more tightly regulate the U.S. financial industry. The president said Wednesday that he wants to prevent more situations like that at the giant insurance company, American International Group, or AIG, where top executives were paid huge bonuses while taxpayers1' money keeps the company afloat.
President Barack Obama makes a statement on AIG, on the South Lawn of the White House in Washington, 18 Mar2 2009
President Obama called the AIG bonuses "outrageous3," and said they are a symptom of an "outrageous" corporate4 culture.
"A situation where excess greed, excess compensation, excess risk-taking have all made us vulnerable and left us 'holding the bag' [left to suffer the consequences]," he said.
As he prepared to board a helicopter to start his trip to California, Mr. Obama acknowledged the public anger at corporate executives who accept large salaries and bonuses despite their companies' financial troubles.
"I do not want to quell5 anger," he said. "I think people are right to be angry. I am angry. What I want us to do, though, is channel our anger in a constructive6 way."
The president said he and his economic advisers7 are talking with top lawmakers about creating a new regulatory agency that would give the government more oversight8 over companies like AIG.
"And it is appropriate for us to have some regulatory mechanisms9 in place to ensure that we never have a situation where the government has to step in or you have got taxpayers who are having to foot the bill for other people's mistakes," said Mr. Obama.
Mr. Obama called for legislation from Capitol Hill that would set up an authority that would protect creditors10, depositors and consumers.
While the president says no one in his administration approved the AIG bonuses, he said it is his responsibility to see that the problem is fixed11.
"The buck12 stops with me," he said. "My goal is to make sure that we never put ourselves in this kind of position again."
The president also defended his Treasury13 Secretary, Timothy Geithner, who is being sharply criticized in Congress and elsewhere for his handling of the situation at AIG.
"There has never been a Secretary of the Treasury, except maybe Alexander Hamilton, right after the Revolutionary War, who has had to deal with the multiplicity of issues that Secretary Geithner is having to deal with, all at the same time. He is doing so with intelligence and diligence," he said. "Nobody is working harder than this guy."
As Mr. Obama spoke14 outside the White House, AIG's Chairman and Chief Executive Officer, Edward Liddy, was testifying before a House of Representatives financial services subcommittee.
1 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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2 mar | |
vt.破坏,毁坏,弄糟 | |
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3 outrageous | |
adj.无理的,令人不能容忍的 | |
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4 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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5 quell | |
v.压制,平息,减轻 | |
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6 constructive | |
adj.建设的,建设性的 | |
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7 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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8 oversight | |
n.勘漏,失察,疏忽 | |
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9 mechanisms | |
n.机械( mechanism的名词复数 );机械装置;[生物学] 机制;机械作用 | |
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10 creditors | |
n.债权人,债主( creditor的名词复数 ) | |
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11 fixed | |
adj.固定的,不变的,准备好的;(计算机)固定的 | |
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12 buck | |
n.雄鹿,雄兔;v.马离地跳跃 | |
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13 treasury | |
n.宝库;国库,金库;文库 | |
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14 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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