英语 英语 日语 日语 韩语 韩语 法语 法语 德语 德语 西班牙语 西班牙语 意大利语 意大利语 阿拉伯语 阿拉伯语 葡萄牙语 葡萄牙语 越南语 越南语 俄语 俄语 芬兰语 芬兰语 泰语 泰语 泰语 丹麦语 泰语 对外汉语

豆知识 2010-12-05&12-11 图说信贷危机(3/3)

时间:2011-09-02 05:44来源:互联网 提供网友:gmeng   字体: [ ]
特别声明:本栏目内容均从网络收集或者网友提供,供仅参考试用,我们无法保证内容完整和正确。如果资料损害了您的权益,请与站长联系,我们将及时删除并致以歉意。
    (单词翻译:双击或拖选)

 So just like always, the mortgage brokerconnects the family with a lender and a mortgage making his commission. Thefamily buys a big house. The lender sells the mortgage to the investmentbanker, who turns it into a CDO, and sells slices to the investors3 and others.This actually works out nicely for everyone that makes them all rich. No onewas worried because as soon as they sold the mortgage to the next guy, it washis problem. If the homeowners were to default, they didn’t care; they wereselling off their risk to the next guy and making millions, like playing hotpotato with a time bomb.

Not surprisingly, the homeowners defaulton their mortgage which at this moment is owned by the banker. This means heforecloses, and one of his monthly payments turns into a house. No big deal, heputs it up for sale. But more and more of his monthly payments turn intohouses. Now there are so many houses for sale on the market, creating moresupply than there is demand, and housing prices aren’t rising any more. In fact,they plummet4.
This creates an interesting problem forhomeowners still paying their mortgages. As all the houses in theirneighborhood go up for sale, the value of their house goes down. And they startto wonder why they’re paying back their $300,000 mortgage when the house is nowworth only $90,000. They decide that it doesn’t make sense to continue paying,even though they can afford to. And they walk away from their house, defaultrates sweep the country and prices plummet.
Now the investment banker is basicallyholding a box full of worthless houses. He calls up his buddy5 the investor2 tosell his CDO, but the investor isn’t stupid, and says:”No, thanks.” He knowsthat the stream of money isn’t even a drippleany more.
The banker tries to sell to everyone butnobody wants to buy his bomb. He is freaking out because he borrowed millions,sometimes billions of dollars to buy this bomb and he can’t pay it back.Whatever he tries, he can’t get rid of it.
But he’s not the only one. The investorshave already bought thousands of these bombs. The lender calls up trying tosell his mortgage but the banker won’t buy it. And the broker1 is out of work.The whole financial system is frozen and things get dark. Everybody startsgoing bankrupt.
But that’s not all. The investor calls upthe homeowner and tells them their investments are worthless. And you can beginto see how the crisis flows in a cycle.
Welcome to the crisis of credit.

点击收听单词发音收听单词发音  

1 broker ESjyi     
n.中间人,经纪人;v.作为中间人来安排
参考例句:
  • He baited the broker by promises of higher commissions.他答应给更高的佣金来引诱那位经纪人。
  • I'm a real estate broker.我是不动产经纪人。
2 investor aq4zNm     
n.投资者,投资人
参考例句:
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
3 investors dffc64354445b947454450e472276b99     
n.投资者,出资者( investor的名词复数 )
参考例句:
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
4 plummet s2izN     
vi.(价格、水平等)骤然下跌;n.铅坠;重压物
参考例句:
  • Mengniu and Yili have seen their shares plummet since the incident broke.自事件发生以来,蒙牛和伊利的股票大幅下跌。
  • Even if rice prices were to plummet,other brakes on poverty alleviation remain.就算大米价格下跌,其它阻止导致贫困的因素仍然存在。
5 buddy 3xGz0E     
n.(美口)密友,伙伴
参考例句:
  • Calm down,buddy.What's the trouble?压压气,老兄。有什么麻烦吗?
  • Get out of my way,buddy!别挡道了,你这家伙!
本文本内容来源于互联网抓取和网友提交,仅供参考,部分栏目没有内容,如果您有更合适的内容,欢迎点击提交分享给大家。
------分隔线----------------------------
TAG标签:   豆知识  图说信贷危机  豆知识
顶一下
(0)
0%
踩一下
(0)
0%
最新评论 查看所有评论
发表评论 查看所有评论
请自觉遵守互联网相关的政策法规,严禁发布色情、暴力、反动的言论。
评价:
表情:
验证码:
听力搜索
推荐频道
论坛新贴