2fto Let Remortgage Morgagesmortgagelending Morgages Mortgage Lending Szh Insurance Personal Insurance Morgages Mortgage Lending 求:关于大学生应如何应对金融危机的英语作文 - 已解决 - 搜搜问问

满意答案

I think we can sum up the cause of our current economic crisis in one word — GREED. 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 worked well, but it reverses course and is now coming back to hurt everyone with a vengeance. 



第五象限小组真诚为您解答
期待您的加入
如有错误请谅解
如想进一步交流请与QQ 404410354联系

评价答案

提问人的感言：

• 金融危机英语作文
• 大学生就业难英语作文
• 大学生心理健英语作文
• 大学生恋爱观英语作文
• 大学生谈恋爱英语作文
• 大学生压力 英语作文
• 大学生兼职 英语作文
• 大学生素质的英语作文