哪位50分求英语高手帮我写篇作文 1是金融危机的2是遇到挑战你怎么办3是关于困难的三个题目都要写的

哪位50分求英语高手帮我写篇作文 1是金融危机的2是遇到挑战你怎么办3是关于困难的三个题目都要写的

1.What Caused The Financial Crisis?I think we can sum up the cause of our current economic crisis in one word 鈥 GREED.Over the years,mortgage lenders were happy to lend money to people who couldn鈥檛 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鈥檛 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.2.Opportunities and challenges with the coming of globalizationGlobalization is a historical process,referring to the increasing integration of economies around the world,particularly through trade and financial flows and the movement of people and knowledge across international borders.With the coming of globalization,it brings us both opportunities and challenges.Greater interconnectedness among the world鈥檚 people seems to promise a 鈥済lobal village鈥 in which the destructive antagonisms of the past can be left behind,replaced by global cooperation and enriching diversity.Global markets offer grater opportunity of people to tap into more and large markets around the world.It means that they can have access to more capital flows,technology,cheaper imports,and larger export markets.As globalization has progressed,living standards,particularly when measured by broader indicators of well-being,have improved significantly in virtually all countries.But the actual experien

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