以金融危机为主题的英语作文
<p><span word="What">What</span> <span word="Caused">Caused</span> <span word="The">The</span> <span word="Financial">Financial</span> <span word="Crisis">Crisis</span>？</p><p><span word="I">I</span> <span word="think">think</span> <span word="we">we</span> <span word="can">can</span> <span word="sum">sum</span> <span word="up">up</span>（总结，概括） <span word="the">the</span> <span word="cause">cause</span> <span word="of">of</span> <span word="our">our</span> <span word="current">current</span> <span word="economic">economic</span> <span word="crisis">crisis</span> <span word="in">in</span> <span word="one">one</span> <span word="word">word</span> — <span word="GREED">GREED</span>（贪婪）。</p><p><span word="I">I</span> <span word="think">think</span> <span word="we">we</span> <span word="can">can</span> <span word="sum">sum</span> <span word="up">up</span> <span word="the">the</span> <span word="cause">cause</span> <span word="of">of</span> <span word="our">our</span> <span word="current">current</span> <span word="economic">economic</span> <span word="crisis">crisis</span> <span word="in">in</span> <span word="one">one</span> <span word="word">word</span> - <span word="greedy">greedy</span>.</p><p><span word="Over">Over</span> <span word="the">the</span> <span word="years">years</span>， <span word="mortgage">mortgage</span> <span word="lenders">lenders</span> <span word="were">were</span> <span word="happy">happy</span> <span word="to">to</span> <span word="lend">lend</span> <span word="money">money</span> <span word="to">to</span> <span word="people">people</span> <span word="who">who</span> <span word="couldn">couldn</span>‘<span word="t">t</span> <span word="afford">afford</span> <span word="their">their</span> <span word="mortgages">mortgages</span>。 <span word="But">But</span> <span word="they">they</span> <span word="did">did</span> <span word="it">it</span> <span word="anyway">anyway</span> <span word="because">because</span> <span word="there">there</span> <span word="was">was</span> <span word="nothing">nothing</span> <span word="to">to</span> <span word="lose">lose</span>。 <span word="These">These</span> <span word="lenders">lenders</span> <span word="were">were</span> <span word="able">able</span> <span word="to">to</span> <span word="charge">charge</span> <span word="higher">higher</span> <span word="interest">interest</span> <span word="rates">rates</span> <span word="and">and</span> <span word="make">make</span> <span word="more">more</span> <span word="money">money</span> <span word="on">on</span> <span word="sub">sub</span>-<span word="prime">prime</span> <span word="loans">loans</span>。 <span word="If">If</span> <span word="the">the</span> <span word="borrowers">borrowers</span> <span word="default">default</span>，<span word="they">they</span> <span word="simply">simply</span> <span word="seized">seized</span> <span word="the">the</span> <span word="house">house</span> <span word="and">and</span> <span word="put">put</span> <span word="it">it</span> <span word="back">back</span> <span word="on">on</span> <span word="the">the</span> <span word="market">market</span>。 <span word="On">On</span> <span word="top">top</span> <span word="of">of</span> <span word="that">that</span>， <span word="they">they</span> <span word="were">were</span> <span word="able">able</span> <span word="to">to</span> <span word="pass">pass</span> <span word="the">the</span> <span word="risk">risk</span> <span word="off">off</span> <span word="to">to</span> <span word="mortgage">mortgage</span> <span word="insurer">insurer</span> <span word="or">or</span> <span word="package">package</span> <span word="these">these</span> <span word="mortgages">mortgages</span> <span word="as">as</span> <span word="mortgage">mortgage</span>-<span word="backed">backed</span> <span word="securities">securities</span>。 <span word="Easy">Easy</span> <span word="money">money</span>！<span word="and">and</span> <span word="what">what</span> <span word="went">went</span> <span word="wrong">wrong</span> <span word="with">with</span> <span word="our">our</span> <span word="financial">financial</span> <span word="system">system</span>？</p><p><span word="Over">Over</span> <span word="the">the</span> <span word="years">years</span>， <span word="mortgage">mortgage</span> <span word="lenders">lenders</span> <span word="were">were</span> <span word="happy">happy</span> <span word="to">to</span> <span word="lend">lend</span> <span word="money">money</span> <span word="to">to</span> <span word="people">people</span> <span word="who">who</span> <span word="couldn">couldn</span>‘<span word="t">t</span> <span word="afford">afford</span> <span word="their">their</span> <span word="mortgages">mortgages</span>。<span word="But">But</span> <span word="they">they</span> <span word="did">did</span> <span word="it">it</span> <span word="anyway">anyway</span> <span word="because">because</span> <span word="there">there</span> <span word="was">was</span> <span word="nothing">nothing</span> <span word="to">to</span> <span word="lose">lose</span>。<span word="These">These</span> <span word="lenders">lenders</span> <span word="were">were</span> <span word="able">able</span> <span word="to">to</span> <span word="charge">charge</span> <span word="higher">higher</span> <span word="interest">interest</span> <span word="rates">rates</span> <span word="and">and</span> <span word="make">make</span> <span word="more">more</span> <span word="money">money</span> <span word="on">on</span> <span word="sub">sub</span>-<span word="prime">prime</span> <span word="loans">loans</span>。<span word="If">If</span> <span word="the">the</span> <span word="borrowers">borrowers</span> <span word="default">default</span>，<span word="they">they</span> <span word="simply">simply</span> <span word="seized">seized</span> <span word="the">the</span> <span word="house">house</span> <span word="and">and</span> <span word="put">put</span> <span word="it">it</span> <span word="back">back</span> <span word="on">on</span> <span word="the">the</span> <span word="market">market</span>。<span word="On">On</span> <span word="top">top</span> <span word="of">of</span> <span word="that">that</span>， <span word="they">they</span> <span word="were">were</span> <span word="able">able</span> <span word="to">to</span> <span word="pass">pass</span> <span word="the">the</span> <span word="risk">risk</span> <span word="off">off</span> <span word="to">to</span> <span word="mortgage">mortgage</span> <span word="insurer">insurer</span> <span word="or">or</span> <span word="package">package</span> <span word="these">these</span> <span word="mortgages">mortgages</span> <span word="as">as</span> <span word="mortgage">mortgage</span>-<span word="backed">backed</span> <span word="securities">securities</span>。<span word="Easy">Easy</span> <span word="money">money</span>！ <span word="and">and</span> <span word="what">what</span> <span word="went">went</span> <span word="wrong">wrong</span> <span word="with">with</span> <span word="our">our</span> <span word="financial">financial</span> <span word="system">system</span>？</p><p><span word="The">The</span> <span word="whole">whole</span> <span word="thing">thing</span> <span word="was">was</span> <span word="one">one</span> <span word="big">big</span> <span word="scheme">scheme</span>。 <span word="Everything">Everything</span> <span word="was">was</span> <span word="great">great</span> <span word="when">when</span> <span word="houses">houses</span> <span word="were">were</span> <span word="selling">selling</span> <span word="like">like</span> <span word="hot">hot</span> <span word="cakes">cakes</span> <span word="and">and</span> <span word="their">their</span> <span word="values">values</span> <span word="go">go</span> <span word="up">up</span> <span word="every">every</span> <span word="month">month</span>。 <span word="Lenders">Lenders</span> <span word="made">made</span> <span word="it">it</span> <span word="easier">easier</span> <span word="to">to</span> <span word="borrow">borrow</span> <span word="money">money</span>，<span word="and">and</span> <span word="the">the</span> <span word="higher">higher</span> <span word="demand">demand</span> <span word="drove">drove</span> <span word="up">up</span> <span word="house">house</span> <span word="values">values</span>。 <span word="Higher">Higher</span> <span word="house">house</span> <span word="values">values</span> <span word="means">means</span> <span word="that">that</span> <span word="lenders">lenders</span> <span word="could">could</span> <span word="lend">lend</span> <span word="out">out</span> <span word="even">even</span> <span word="bigger">bigger</span> <span word="mortgages">mortgages</span>， <span word="and">and</span> <span word="it">it</span> <span word="also">also</span> <span word="gave">gave</span> <span word="lenders">lenders</span> <span word="some">some</span> <span word="protection">protection</span> <span word="against">against</span> <span word="foreclosures">foreclosures</span>。 <span word="All">All</span> <span word="of">of</span> <span word="this">this</span> <span word="translates">translates</span> <span word="into">into</span> <span word="more">more</span> <span word="money">money</span> <span word="for">for</span> <span word="the">the</span> <span word="lenders">lenders</span>， <span word="insurers">insurers</span>， <span word="and">and</span> <span word="investors">investors</span>。 <span word="Unfortunately">Unfortunately</span>， <span word="many">many</span> <span word="borrowers">borrowers</span> <span word="got">got</span> <span word="slammed">slammed</span> <span word="when">when</span> <span word="their">their</span> <span word="adjustable">adjustable</span> <span word="mortgage">mortgage</span> <span word="finally">finally</span> <span word="adjusted">adjusted</span>。 <span word="When">When</span> <span word="too">too</span> <span word="many">many</span> <span word="of">of</span> <span word="them">them</span> <span word="couldn">couldn</span>‘<span word="t">t</span> <span word="afford">afford</span> <span word="to">to</span> <span word="make">make</span> <span word="their">their</span> <span word="payments">payments</span>， <span word="it">it</span> <span word="causes">causes</span> <span word="these">these</span> <span word="lenders">lenders</span> <span word="to">to</span> <span word="suffer">suffer</span> <span word="from">from</span> <span word="liquidity">liquidity</span> <span word="issue">issue</span> <span word="and">and</span> <span word="to">to</span> <span word="sit">sit</span> <span word="on">on</span> <span word="more">more</span> <span word="foreclosures">foreclosures</span> <span word="than">than</span> <span word="they">they</span> <span word="could">could</span> <span word="sell">sell</span>。 <span word="Mortgage">Mortgage</span>-<span word="backed">backed</span> <span word="securities">securities</span> <span word="became">became</span> <span word="more">more</span> <span word="risky">risky</span> <span word="and">and</span> <span word="worth">worth</span> <span word="less">less</span> <span word="causing">causing</span> <span word="investment">investment</span> <span word="firms">firms</span> <span word="like">like</span> <span word="Lehman">Lehman</span> <span word="Brothers">Brothers</span> <span word="to">to</span> <span word="suffer">suffer</span>。</p>
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