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  3. The Supreme Court’s recent decision allows regional interstate banks to do away with one restriction in America’s banking operat

The Supreme Court’s recent decision allows regional interstate banks to do away with one restriction in America’s banking operat

admin2010-02-20  66
问题    The Supreme Court’s recent decision allows regional interstate banks to do away with one restriction in America’s banking operation, although many others still remain. Although the ruling does not apply to very large money-center banks, it is move in a liberalizing direction that could at last push Congress into framing a sensible legal and regulatory system that allows banks to plan their future beyond the next court case.
   The restrictive laws that the courts are interpreting are mainly a legacy of the bank failures of the 1930s. The current high rate -- higher than at any time since the Great Depression -- has made legislators afraid to remove the restrictions. While legislative timidity is understandable, it is also mistaken. One reason so many American banks are getting into trouble is precisely that the old restrictions make it hard for them to build a domestic base large and strong enough to support their activities in today’s telecommunicating round-the-clock, around-the-world financial markets. In trying to escape from these restrictions, banks are taking enormous, and what should be unnecessary, risks. For example, would a large bank be buying small, failed savings banks at inflated prices if federal law and states’ regulations permitted that bank to expand through the acquisition of financially healthy banks in the region7 Of course not. The solution is clear American banks will be sounder when they are not geographically limited. The House of Representative’s banking committee has shown part of the way forward by recommending common-sensible, though limited, legislation for a five-year transition to nationwide banking. This would give regional banks time to group together to form counterweights to the big money-center banks. Without this breathing space the big money-legislation should be regarded as only a way station on the road towards a complete examination of American’s suitable banking legislation.
The author argues that the change to a nationwide banking systems should be _______.
选项 A、gradual, so that regional banks have a chance to compete with larger banks
B、postponed, until the consequences can be evaluated
C、immediate, because we cannot afford any more bank failures
D、accelerated, to overcome legislative fear
答案A
解析 该题问：作者认为对全国银行体制的改变应该怎样?A项意为“循序渐进的，以便地区银行可以和一些大银行竞争”。最后一段指出，道理是明摆着的，废除地区性限制，美国银行业的发展会更健康。众议院提议实行五年的放开国内区域性限制的转换期(transition)，这项提案虽然有其局限，但却颇有道理(commonsensible)，可以将银行改革推进一步。这种做法可以给地方银行重组的时间，以便同大金融中心银行相抗衡，因为，如果没有这一喘息机会，大金融中心银行很快就会占领全国。
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