关于金融危机的英语作文 关于金融危机的英语短文
\u82f1\u8bed\u4f5c\u6587\u91d1\u878d\u5371\u673a\u7ed9\u5e02\u573a\u4f9b\u9700\u5e26\u6765\u7684\u5f71\u54cdWhat Caused The Financial CrisisI think we can sum up the cause of our current economic crisis in one word \u2014 GREED. Over the years, mortgage lenders were happy to lend money to people who couldn\u2019t afford their mortgages. But they did it anyway because there was nothing to lose. These lenders were able to charge higher interest rates and make more money on sub-prime loans. If the borrowers default, they simply seized the house and put it back on the market. On top of that, they were able to pass the risk off to mortgage insurer or package these mortgages as mortgage-backed securities. Easy money!and what went wrong with our financial system The whole thing was one big scheme. Everything was great when houses were selling like hot cakes and their values go up every month. Lenders made it easier to borrow money, and the higher demand drove up house values. Higher house values means that lenders could lend out even bigger mortgages, and it also gave lenders some protection against foreclosures. All of this translates into more money for the lenders, insurers, and investors. Unfortunately, many borrowers got slammed when their adjustable mortgage finally adjusted. When too many of them couldn\u2019t afford to make their payments, it causes these lenders to suffer from liquidity issue and to sit on more foreclosures than they could sell. Mortgage-backed securities became more risky and worth less causing investment firms like Lehman Brothers to suffer. Moreover, insurers like AIG who insured these bad mortgages also got in trouble.The scheme worked well, but it reverses course and is now coming back to hurt everyone with a vengeance.
Financial crisis is generated by speculators but everyone has to pay the price for it. Speculators who are from the group of 1% people of the world, who has been monopolized the world\u2019s financial and economy since war world II through US and UK influences.
After physical war world II, smart business men start to realize that robbing fortune from other peoples don\u2019t need to go through physical attack such as war, simply creating financial crisis which will rob huge fortune legally will do. Playing around the world economy and financial on their fingers, through financial tools such as forward and future contracts for currencies and commodities, control the publicity on financial analysis and economy report on various medias, peoples are fooled by these group of speculators into believing their lies and falling into their financial traps including governments.
Nowadays, peoples started to accept financial crisis as natural disaster such as earthquake, tsunami,.. All of these are created by god to test them and to make them stronger.
Stupid governments of course will be very willing to push all the financial crisis problems and blames to god rather than learn a lesson from it. Besides, some of the governments\u2019 VIP had been paid to become a helping hand to the financial crisis too. Some business tycoons know about this secret but they also part of the speculators who make tones of money from it too.
Democracy in US and UK is not a perfect model because the laws and rules and regulation in properties, commodities, shares and financial markets are set to protect the fortune of the rich rather to be fair and clean to all people.
Future and forward contracts are fake contracts, but they can be speculated to control the actual and spot contracts\u2019 market price. This happened in foreign currencies exchange rate and commodities price such as oil and gold.
Lots of things need to be done in order to stabilize the financial market in order to maintain proper growth in developing countries. Appropriate financial and economy knowledge must be taught in the education system just like mathematic start from kinder garden.
I think we can sum up the cause of our current economic crisis in one word — GREED. Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages. But they did it anyway because there was nothing to lose. These lenders were able to charge higher interest rates and make more money on sub-prime loans. If the borrowers default, they simply seized the house and put it back on the market. On top of that, they were able to pass the risk off to mortgage insurer or package these mortgages as mortgage-backed securities. Easy money!
and what went wrong with our financial system? The whole thing was one big scheme. Everything was great when houses were selling like hot cakes and their values go up every month. Lenders made it easier to borrow money, and the higher demand drove up house values. Higher house values means that lenders could lend out even bigger mortgages, and it also gave lenders some protection against foreclosures. All of this translates into more money for the lenders, insurers, and investors. Unfortunately, many borrowers got slammed when their adjustable mortgage finally adjusted. When too many of them couldn’t afford to make their payments, it causes these lenders to suffer from liquidity issue and to sit on more foreclosures than they could sell. Mortgage-backed securities became more risky and worth less causing investment firms like Lehman Brothers to suffer. Moreover, insurers like AIG who insured these bad mortgages also got in trouble.
The scheme worked well, but it reverses course and is now coming back to hurt everyone with a vengeance.
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.
The global financial crisis of 2008 is a major financial crisis, the worst of its kind since 1987, and which is ongoing as of mid-November 2008. It became prominently visible in September 2008 with the failure, merger or conservatorship of several large United States-based financial firms. The underlying causes leading to the crisis had been reported in business journals for many months before September, with commentary about the financial stability of leading U.S. and European investment banks, insurance firms and mortgage banks consequent to the subprime mortgage crisis.
Beginning with failures of large financial institutions in the United States, it rapidly evolved into a global crisis resulting in a number of European bank failures and declines in various stock indexes, and large reductions in the market value of equities (stock) and commodities worldwide. The crisis has led to a liquidity problem and the de-leveraging of financial institutions especially in the United States and Europe, which further accelerated the liquidity crisis. World political leaders and national ministers of finance and central bank directors have coordinated their efforts to reduce fears but the crisis is ongoing and continues to change, evolving at the close of October into a currency crisis with investors transferring vast capital resources into stronger currencies such as the yen, the dollar and the Swiss franc, leading many emergent economies to seek aid from the International Monetary Fund. The crisis was triggered by the subprime mortgage crisis and is an acute phase of the financial crisis of 2007–2008.
slammed
when
their
adjustable
mortgage
finally
adjusted.
When
too
many
of
them
couldn’t
afford
to
make
their
payments,
it
causes
these
lenders
to
suffer
from
liquidity
issue
and
to
sit
on
more
foreclosures
than
they
could
sell.
Mortgage-backed
securities
became
more
risky
and
worth
less
causing
investment
firms
like
Lehman
Brothers
to
suffer.
Moreover,
insurers
like
AIG
who
insured
these
bad
mortgages
also
got
in
trouble.The
scheme
worked
well,
but
it
reverses
course
and
is
now
coming
back
to
hurt
everyone
with
a
vengeance.
风萧♂易水※
回答采纳率:16.7%
2009-06-05
20:26
初中就要写这么复杂的作文还要英文的 后生可畏啊
厉害，厉害
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绛旓細like Lehman Brothers to suffer. Moreover, insurers like AIG who insured these bad mortgages also got in trouble.The scheme worked well, but it reverses course and is now coming back to hurt everyone with a vengeance.杩欎竴绡囨枃绔犺缁嗕粙缁嶄簡寮曡捣閲戣瀺鍗辨満 鐨勫悇绉嶅洜绱狅紝甯屾湜鏄綘鎵闇鐨勩
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绛旓細缇庡浗娆¤捶鍗辨満锛閲戣瀺鍗辨満宸茬粡涓ラ噸褰卞搷鍒板叏鐞冪殑缁忔祹锛屽叏鐞冪殑鑲″競鏇存槸姣忓喌鎰堜笅銆備粖澶鐨勮嫳璇綔鏂鏄互缇庡浗閲戣瀺鍗辨満涓洪鐨勪綔鏂囥侲VEN by the standards of the worst financial crisis for at least a generation锛 the events of Sunday Spetember14th and the day before were extraordinary. The weekend ...
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