课程咨询
美研留学资料领取

扫码添加助教

免费领取

备考资料大礼包

扫码关注公众号

GMAT阅读题型练习(1778)

2018-06-14 20:11:00来源:网络

  本文来自GMAT阅读题库(点击查看更多),为考生提供GMAT阅读题目练习及答案解析,希望对大家GMAT备考有所帮助。点击下载更多GMAT备考必备资料。更多精彩尽请关注新东方在线GMAT频道!

  GMAT阅读题目内容

  For much of the twentieth century, Saving and Loans (S&L) banks made mortgage loans to individual middle class families, allowing many to buy houses. In the 1970s, the combination of inflation and falling oil prices created economic conditions to place S&L banks at risk. In the early 1980s, Congress deregulated the S&L banks, allowing them to expand the kinds of investments from which they drew profits.

  The deregulation was designed to open beneficial options which would allow the flagging S&L banks to save themselves. Instead, many S&L banks pursued investments in sectors they did not understand well, such as commercial real estate: they entered these sectors with large amounts of cash although they were not fully apprised of the risks. The collapse of the housing market in the mid 1980's, following an unprecedented building boom over the previous ten years, led to the failure of numerous S&L banks. As these banks were protected by federal insurance, this collapse cost the American taxpayers over $100 billion. In some of the S&L banks that failed, the bank leaders were found guilty of embezzlement and other kinds of fraud. In some cases, the burden of fraud caused otherwise viable banks to fail, and in other cases, a bank that was going to fail anyway had its life prolonged by fraud, creating additional expenses for the federal bank bailout.

  Former bank regulator William Black has argued that the US government has not adequately learned important lessons from the S&L crisis. While stronger regulations for all banks are in place now, little has been done to strengthen the fraud procedures. Black has pointed out that bank fraud has the opportunity to thrive whenever regulation or oversight is loosened, and systemic occurrences of bank fraud pose a major risk to the well-being of the economy. While individuals may resist fraud because of their own ethics, this is not sufficient to protect the economy as a whole. Congressmen, responding to Black's charges, argue that the SEC has in place strict guidelines for what constitutes bank fraud, and that both SEC investigators and congressmen themselves are well-poised to detect even individual instances of fraud, to say nothing of widespread fraud. Black points out that SEC investigators do not have criminologist training: while they understand the rules well, they are not familiar with all the methods used to subvert or violate them. Furthermore, congressmen, under certain conditions, can turn a blind eye to bank fraud. For example, in the 1980s, the so-called "Keating five" senators accepted cash contributions from Charles Keating, the head of a S&L bank, and in return gave Mr. Keating undue protection which allowed him to continue his fraud.

  3、The passage implies which of the following?

  A.All bank deregulation leads to instances of fraud.

  B.William Black regulated a Savings and Loans bank.

  C.Without bank fraud, the Saving and Loans crisis would not have happened.

  D.Congressmen are well-informed about the operation of the SEC.

  E.Criminologists have a deep understanding of how to subvert the law.


 

添加美研助教号 回复【GMAT】

获取2024GMAT考试最新复习资料

更多资料
更多>>
  • GMAT阅读复习的五大步骤   

      新东方在线GMAT频道为大家带来GMAT阅读复习的五大步骤,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  1:原来

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读背景的培养   

      新东方在线GMAT频道为大家带来GMAT阅读背景的培养,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  一、经济学

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读复习效率不高怎么办   

      新东方在线GMAT频道为大家带来GMAT阅读复习效率不高怎么办,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  建

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读提高速度的根本方法   

      新东方在线GMAT频道为大家带来GMAT阅读提高速度的根本方法,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  1

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读如何避免错误   

      新东方在线GMAT频道为大家带来GMAT阅读如何避免错误,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  要避免GMA

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读技巧的提升   

      新东方在线GMAT频道为大家带来GMAT阅读技巧的提升,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  GMAT阅读推

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读备考的注意事项   

      新东方在线GMAT频道为大家带来GMAT阅读备考的注意事项,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  GMAT阅

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读怎么提高自己的能力   

      新东方在线GMAT频道为大家带来GMAT阅读怎么提高自己的能力,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  建

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读长句子的备考   

      新东方在线GMAT频道为大家带来GMAT阅读长句子的备考,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  1 首先

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

  • GMAT阅读水平怎么提高   

      新东方在线GMAT频道为大家带来GMAT阅读水平怎么提高,希望对大家GMAT备考有所帮助。更多精彩尽请关注新东方在线GMAT频道!  下面就来

    来源 : 网络 2021-01-25 13:25:00 关键字 : GMAT阅读 GMAT

更多内容

添加美研助教号

回复【GMAT】获取备考必看资料包

新东方美研备考资料
更多>>
更多惊喜>>
更多>>
更多资料