第1页共3页本文格式为Word版下载后可任意编辑和复制以金融危机为主题的英语作文本文以金融危机为主题的英语作文由我细心为您整理,盼望这个以金融危机为主题的英语作文作文范文可以帮到大家。WhatCausedTheFinancialCrisis？Ithinkwecansumup（总结，概括）thecauseofourcurrenteconomiccrisisinoneword—GREED（贪欲）。Overtheyears，mortgagelenderswerehappytolendmoneytopeoplewhocouldn‘taffordtheirmortgages。Buttheydiditanywaybecausetherewasnothingtolose。Theselenderswereabletochargehigherinterestratesandmakemoremoneyonsub-primeloans。Iftheborrowersdefault，theysimplyseizedthehouseandputitbackonthemarket。Ontopofthat，theywereabletopasstheriskofftomortgageinsurerorpackagethesemortgagesasmortgage-backedsecurities。Easymoney！andwhatwentwrongwithourfinancialsystem？Thewholethingwasonebigscheme。第2页共3页本文格式为Word版下载后可任意编辑和复制Everythingwasgreatwhenhousesweresellinglikehotcakesandtheirvaluesgoupeverymonth。Lendersmadeiteasiertoborrowmoney，andthehigherdemanddroveuphousevalues。Higherhousevaluesmeansthatlenderscouldlendoutevenbiggermortgages，anditalsogavelenderssomeprotectionagainstforeclosures。Allofthistranslatesintomoremoneyforthelenders，insurers，andinvestors。Unfortunately，manyborrowersgotslammedwhentheiradjustablemortgagefinallyadjusted。Whentoomanyofthemcouldn‘taffordtomaketheirpayments，itcausestheselenderstosufferfromliquidityissueandtositonmoreforeclosuresthantheycouldsell。Mortgage-backedsecuritiesbecamemoreriskyandworthlesscausinginvestmentfirmslikeLehmanBrotherstosuffer。Moreover，insurerslikeAIGwhoinsuredthesebadmortgagesalsogotintrouble。Thescheme（体系，结构）workedwell，butitreversescourseandisnowcomingbacktohurt第3页共3页本文格式为Word版下载后可任意编辑和复制everyonewithavengeance。
