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此资料由网络收集而来，如有侵权请告知上传者立即删除。资料共分享，我们负责传递知识。3分钟英语演讲稿经济【关于经济的三分钟英语演讲稿】whatcausedthefinancialcrisis?ithinkwecansumupthecauseofourcurrenteconomiccrisisinoneword;greed.overtheyears,mortgagelenderswerehappytolendmoneytopeoplewhocouldn’taffordtheirmortgages.buttheydiditanywaybecausetherewasnothingtolose.theselenderswereabletochargehigherinterestratesandmakemoremoneyonsub-primeloans.iftheborrowersdefault,theysimplyseizedthehouseandputitbackonthemarket.ontopofthat,theywereabletopasstheriskofftomortgageinsurerorpackagethesemortgagesasmortgage-backedsecurities.easymoney!andwhatwentwrongwithourfinancialsystem?thewholethingwasonebigscheme.everythingwasgreatwhenhousesweresellinglikehotcakesandtheirvaluesgoupeverymonth.lendersmadeiteasiertoborrowmoney,andthehigherdemanddroveuphousevalues.higherhousevaluesmeansthatlenderscouldlendoutevenbiggermortgages,anditalsogavelenderssomeprotectionagainstforeclosures.allofthistranslatesintomoremoneyforthelenders,insurers,andinvestors.unfortunately,manyborrowersgotslammedwhentheiradjustablemortgagefinallyadjusted.whentoomanyofthemcouldn’taffordtomaketheirpayments,itcausestheselenderstosufferfromliquidityissueandtositonmoreforeclosuresthantheycouldsell.mortgage-backedsecuritiesbecamemoreriskyandworthlesscausinginvestmentfirmslikelehmanbrotherstosuffer.moreover,insurerslikeaigwho此资料由网络收集而来，如有侵权请告知上传者立即删除。资料共分享，我们负责传递知识。insuredthesebadmortgagesalsogotintrouble.theschemeworkedwell,butitreversescourseandisnowcomingbacktohurteveryone