+-
作文标题： 篇以金融危机为主题的英语作文
关 键 词： 主题 初中初一 650字
字 数： 650字作文
本文适合： 初中初一
作文来源： https://zuowen.aiisen.com
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.
关 键 词： 主题 初中初一 650字
字 数： 650字作文
本文适合： 初中初一
作文来源： https://zuowen.aiisen.com
作文大全网(zuowen.aiisen.com)有话说:我们努力做您喜欢的作文网站，全心全意为您服务，希望您喜欢我们的网站和作文，有问题请与我们联系。
本作文是关于初中初一650字的作文，题目为：《篇以金融危机为主题的英语作文》，欢迎大家踊跃投稿。
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.
初一作文为你而选：
初一单元作文 | 初一日记 | 初一周记 | 初一记叙文 | 初一优秀作文
