【关于金融危机的英语作文60到80词就是写一篇以金融危机为主-查字典问答网
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  【关于金融危机的英语作文60到80词就是写一篇以金融危机为主题的英语作文】

  关于金融危机的英语作文

  60到80词

  就是写一篇以金融危机为主题的英语作文

1回答
2020-04-28 06:13
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高春燕

  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.

2020-04-28 06:17:07

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