英语作文范文:金融危机英语作文
写一篇以金融危机为主题的英语作文。参考词汇:
金融危机:Financial Crisis
参考范文:
What Caused The Financial Crisis?
I think we can sum up(总结,概括) the cause of our current economic crisis in one word — GREED(贪婪).
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 (体系,结构)worked well, but it reverses course and is now coming back to hurt everyone with a vengeance. 《英语作文范文:金融危机英语作文》由英语我整理,更多请访问:https://www.liuxue86.com/english/
绛旓細鍐欎竴绡囦互閲戣瀺鍗辨満涓轰富棰樼殑鑻辫浣滄枃銆傚弬鑰冭瘝姹:閲戣瀺鍗辨満:Financial Crisis 鍙傝冭寖鏂:What Caused The Financial Crisis?I think we can sum up(鎬荤粨,姒傛嫭) the cause of our current economic crisis in one word — GREED(璐┆).Over the years, mortgage lenders were happy to lend money to...
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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
绛旓細I think we can sum up the cause of our current economic crisis in one word 鈥 GREED. Over the years, mortgage lenders were happy to lend money to people who couldn鈥檛 afford their mortgages. But they did it anyway because there was nothing to lose. These lenders were able ...
