高一英语小作文要求只要用到的12个定语从句,-查字典问答网
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  高一英语小作文要求只要用到的12个定语从句,

  高一英语小作文

  要求只要用到的12个定语从句,

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2020-01-29 15:41
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侯楚林

  WhatCausedTheFinancialCrisis?

  Ithinkwecansumupthecauseofourcurrenteconomiccrisisinoneword—GREED.Overtheyears,mortgagelenderswerehappytolendmoneytopeoplewhocouldn’taffordtheirmortgages.Buttheydiditanywaybecausetherewasnothingtolose.Theselenderswereabletochargehigherinterestratesandmakemoremoneyonsub-primeloans.Iftheborrowersdefault,theysimplyseizedthehouseandputitbackonthemarket.Ontopofthat,theywereabletopasstheriskofftomortgageinsurerorpackagethesemortgagesasmortgage-backedsecurities.Easymoney!

  andwhatwentwrongwithourfinancialsystem?Thewholethingwasonebigscheme.Everythingwasgreatwhenhousesweresellinglikehotcakesandtheirvaluesgoupeverymonth.Lendersmadeiteasiertoborrowmoney,andthehigherdemanddroveuphousevalues.Higherhousevaluesmeansthatlenderscouldlendoutevenbiggermortgages,anditalsogavelenderssomeprotectionagainstforeclosures.Allofthistranslatesintomoremoneyforthelenders,insurers,andinvestors.Unfortunately,manyborrowersgotslammedwhentheiradjustablemortgagefinallyadjusted.Whentoomanyofthemcouldn’taffordtomaketheirpayments,itcausestheselenderstosufferfromliquidityissueandtositonmoreforeclosuresthantheycouldsell.Mortgage-backedsecuritiesbecamemoreriskyandworthlesscausinginvestmentfirmslikeLehmanBrotherstosuffer.Moreover,insurerslikeAIGwhoinsuredthesebadmortgagesalsogotintrouble.

  Theschemeworkedwell,butitreversescourseandisnowcomingbacktohurteveryonewithavengeance.

2020-01-29 15:42:46

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