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写一篇以金融危机为主题的英语作文。
参考词汇:
金融危机: Financial Crisis
参考答案:
I think we can sum up (总结,概括) the cause of our current economic crisis in one word GREED (贪婪).
Over the years , mortgage lenders were happy to lend money to people who couldnt 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 ?
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