The government failed to regulate and supervise the financial system.

政府没有对金融体系进行监管和监督。

It wants to supervise its own financial system, but also to grab jobs and tax revenues from London.

它想监管自己的金融体系，但也想从伦敦攫取就业和税收。

The U.S. Congress created the Fed in 1913 after a series of financial panics to stabilize and supervise the country's banking system.

在一系列金融恐慌之后，美国国会于 1913 年成立了美联储，以稳定和监督该国的银行体系。