The threat of impending financial disaster concentrates political minds wonderfully. On Thursday a group of Congressional leaders heard Hank Paulson the Treasury secretary and Ben Bernanke the Federal Reserve chairman paint a dire economic scenario if they did not approve a more sweeping remedy for the financial crisis. Student and car loans not just mortgages would all be harder to get. The economy would sink into a severe recession.
The threat of impending financial disaster concentrates political minds wonderfully. On Thursday a group of Congressional leaders heard Hank Paulson the Treasury secretary and Ben Bernanke the Federal Reserve chairman paint a dire economic scenario if they did not approve a more sweeping remedy for the financial crisis. Student and car loans not just mortgages would all be harder to get. The economy would sink into a severe recession.
迫在眉睫的金融灾难引起了相当多的政治关注。上周四,一群国会领袖听了财长保尔森和美联储主席伯南克所描述的,当国会不通过这项全面拯救金融危机的方案,经济上将会出现的可怕场面。那时,不仅仅是抵押贷款,甚至连助学贷款和买车贷款可能都很难获得。经济将陷入严重的衰退。
The impending financial disaster has attracted considerable political attention. Last Thursday, a group of congressional leaders listened to what Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke described as the horrific scenario that will emerge in the economy when the country fails to pass this comprehensive plan to save the financial crisis. At that time, not only mortgages, but also student loans and car loans might be hard to get. The economy will fall into a serious recession.
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