英文3分钟演讲金融危机的原因口语
不是我小看你们英语老师, 她自己也说不清楚。。。 不仅是她,wall street自己都还争论着呢。
当然, 纯粹为了考试的话, 我觉得简单说说就可以了。。。
There are many reasons for the 2008 financial crisis, ranging from the weak weak money policy of US government and the rooted problem of global financial system。 But the most direct reason is the bubble in America's...全部
不是我小看你们英语老师, 她自己也说不清楚。。。 不仅是她,wall street自己都还争论着呢。
当然, 纯粹为了考试的话, 我觉得简单说说就可以了。。。
There are many reasons for the 2008 financial crisis, ranging from the weak weak money policy of US government and the rooted problem of global financial system。
But the most direct reason is the bubble in America's housing market。
In the past few years, US house prices kept going up with the booming of economy。
As a result, many US people rushed to buy houses by borrowing money from banks。 Among them, some people actually had low and unstable income - in other words, once they lost their jobs, they would be unable to pay back their mortgages。
However, at a time when the market was so bullish, banks were still willing to lend money to them in return for a very high interest income。
Such loan is called sub-prime mortgage。
In 2007, the US housing market cooled down and those borrowers of sub-prime mortgage were unable to pay back their high mortgage interests。
Such defaults caused big losses to local banks。 In addition, since such loans were normally repackaged into mortgage-backed securities and sold to large Wall street banks and even global investors, the whole financial world started suffering。
And we all know the followings: global economy slow-down, government bail-out plans, etc etc。
But the direct cause of this terrible crisis, is simply the bad mortgage loans!
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