久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

您現在的位置: Language Tips> Audio & Video> Special Speed News  
   
 





 
The US housing rescue plan: What it includes
[ 2008-08-01 11:25 ]

 


This is the VOA Special English Economics Report.

Last week, the United States Congress approved a major housing bill. President George Bush signed it into law on Wednesday.

The plan could help an estimated four hundred thousand homeowners late in their payments and in danger of losing their homes.

The government will guarantee up to three hundred billion dollars in lower-cost refinancing of loans. In return, lenders must agree to forgive part of the original loan.

But experts say as many as three million owners are in trouble. With falling prices, many people owe more than their homes are worth.

The new law also includes help for the mortgage finance companies Fannie Mae and Freddie Mac. They guarantee or own almost half of the nation's twelve trillion dollars in housing debt.

They buy high quality loans but have also invested in risky mortgages. In recent months they have reported eleven billion dollars in losses, and their stock prices have collapsed.

Congress created the Federal National Mortgage Association, or Fannie Mae, in 1938. In 1968 it became a shareholder-owned company financed with private capital. Then Congress created a competitor: the Federal Home Loan Mortgage Association, or Freddie Mac.

Fannie Mae and the smaller Freddie Mac buy loans from banks and other lenders, then sell them as securities to investors worldwide. This secondary market provides money for lenders to make new loans.

Now, few investors are interested in mortgage-backed securities without government guarantees.

Investors always believed that if Fannie and Freddie needed help, the government would intervene. Now, it has. The new law lets the Treasury, until the end of next year, offer them unlimited credit and even buy their stock.

Some critics say Fannie and Freddie should be replaced by truly private companies. Their government connection has lowered their borrowing costs. But many economists say homeowners get little of that savings. And critics have deplored their spending on political campaigns, lobbying activities, and pay for their executives.

The plan does create new supervision over both companies.

The Congressional Budget Office says the rescue plan could cost taxpayers twenty-five billion dollars. But it also says there is probably better than a fifty percent chance that no money will be needed.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

(Source: VOA 英語點津姍姍編輯)

 
英語點津版權說明:凡注明來源為“英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883631聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。
相關文章 Related Story
 
 
 
本頻道最新推薦
 
Walking in the US first lady's shoes
“準確無誤”如何表達
英國新晉超女蘇珊大媽改頭換面
豬流感 swine flu
你有lottery mentality嗎
翻吧推薦
 
論壇熱貼
 
別亂扔垃圾。怎么譯這個亂字呀?
橘子,橙子用英文怎么區分?
看Gossip Girl學英語
端午節怎么翻譯?
母親,您在天堂還好嗎?

 

主站蜘蛛池模板: 波多野结衣视频在线观看 | 视频一区色眯眯视频在线 | 国产日韩久久久久69影院 | 欧美一级毛片在线看视频 | 欧美亚洲免费 | 九九精品免视看国产成人 | 成人久久18免费网站入口 | 九九在线观看视频 | 成人国产精品 | 99免费精品 | 久久久久久久网站 | 亚洲成人免费观看 | 精品国产三级a | 99精品视频在线播放2 | 成人精品视频一区二区在线 | 亚洲欧美综合一区二区三区四区 | 国产精品免费一区二区区 | 中文字幕亚洲精品第一区 | 呦女精品视频 | 中文字幕乱码中文乱码综合 | 男吃女下面刺激视频免费 | 曰本毛片va看到爽不卡 | 国产女厕偷窥系列在线视频 | 香蕉521av网站永久地址 | 国产v片在线播放免费观 | 日本道综合一本久久久88 | 99久久精品无码一区二区毛片 | 深夜福利视频在线看免费 | 久草在在线视频免费 | 久久免费资源 | 国产大片在线看 | 999热成人精品国产免 | 久久久久亚洲视频 | 色综合久久91 | 米奇精品一区二区三区在线观看 | 高清国产美女一级a毛片 | 久久99免费视频 | 成人午夜在线 | 日韩99精品 | 亚洲国产精品a一区二区三区 | 欧美成年黄网站色高清视频 |