以金融危機為主題的英語作文

作文標題： 以金融危機為主題的英語作文
關鍵詞： 主題 初中初一 650字
字數：數： 650字作文
本文適合： 初中初一
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這篇作文是一篇關于初中一年級650字的作文，題目是《以金融危機為主題的英語作文》。歡迎大家踴躍投稿。

What Caused The Financial Crisis？ I think we can sum up(總結，總結) the cause of our current economic crisis in one word — GREED（貪婪）. 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 (系統、結構)worked well， but it reverses course and is now coming back to hurt everyone with a vengeance. 精品小說推薦： 昔日落魄少年被逐出家族，福禍相依得神秘老者相助，從此人生路上一片青雲！ 我行我瀟灑，彰顯我性格！ 彆罵小爺拽，媳婦多了用車載！ 妹紙一聲好歐巴，轉手就是摸摸大！ “不要嘛！” 完整內容請點擊辣手仙醫

Tags：主題   初中初一   650字