In Crucible of Crisis, Paulson, Bernanke, Geithner Forge a Committee of Three[answerfly]1[/answerfly]
危难时刻，“三巨头”引人瞩目
[1]The response to the gravest financial crisis in generations has been engineered to a remarkable degree by a committee of three.
[2]From the rescue of Bear Stearns to the takeovers of Fannie Mae, Freddie Mac and American International Group, all the key decisions have been made by Treasury Secretary Henry M. Paulson Jr., Federal Reserve Chairman Ben S. Bernanke and Timothy F. Geithner, the president of the Federal Reserve Bank of New York.
[3]It is this unusual collaboration among a consummate dealmaker, a professor and a seasoned public servant that could determine how the nation weathers the most profound threat to its economy in modern times. Despite their disparate backgrounds, the three men have formed a close, informal partnership built on rapid-fire phone calls and open debate that breaks the mold of Washington policymaking.
[4]As they chart a government response to the crisis, the stakes could hardly be higher. If they succeed, they could tame the economic downturn and orchestrate a restructuring of Wall Street with minimal collateral damage. If they fail, the toll could be millions of jobs, trillions of dollars in lost wealth and a crisis of confidence in global capitalism.
[5]Their teamwork has had a far-reaching and controversial effect on the financial world. The men's close partnership has also drawn the normally independent Fed into collaboration with political authorities while exposing taxpayers to tens of billions of dollars, critics say. And some lawmakers say the concentration of power into the hands of these men is too great.
