WhatCausedTheFinancialCrisis?Ithinkwecansumupthecauseofourcurrenteconomiccrisisinoneword?GREED.Overtheyears,mortgagelenderswerehappytolendmoneytopeoplewhocouldn’taffordtheirmortgages.Buttheydiditanywaybecausetherewasnothingtolose.Theselenderswereabletochargehigherinterestratesandmakemoremoneyonsub-primeloans.Iftheborrowersdefault,theysimplyseizedthehouseandputitbackonthemarket.Ontopofthat,theywereabletopasstheriskofftomortgageinsurerorpackagethesemortgagesasmortgage-backedsecurities.Easymoney!andwhatwentwrongwithourfinancialsystem?Thewholethingwasonebigscheme.Everythingwasgreatwhenhousesweresellinglikehotcakesandtheirvaluesgoupeverymonth.Lendersmadeiteasiertoborrowmoney,andthehigherdemanddroveuphousevalues.Higherhousevaluesmeansthatlenderscouldlendoutevenbiggermortgages,anditalsogavelenderssomeprotectionagainstforeclosures.Allofthistranslatesintomoremoneyforthelenders,insurers,andinvestors.Unfortunately,manyborrowersgotslammedwhentheiradjustablemortgagefinallyadjusted.Whentoomanyofthemcouldn’taffordtomaketheirpayments,itcausestheselenderstosufferfromliquidityissueandtositonmoreforeclosuresthantheycouldsell.Mortgage-backedsecuritiesbecamemoreriskyandworthlesscausinginvestmentfirmslikeLehmanBrotherstosuffer.Moreover,insurerslikeAIGwhoinsuredthesebadmortgagesalsogotintrouble.Theschemeworkedwell,butitreversescourseandisnowcomingbacktohurteveryonewithavengeance.TheeffectoftheglobalfinancialTheinternationalfinancialcrisisisbecomingmoreandmoreworse,theimpactontheChineseeconomyisalsofurtherexpansion,itevenextendedintoeveryaspectofsociety.Forexample,manufacturing,energy,food,IT…andsoon..Fromthenews,manyinternationalcompanieswentbankrupt,andmorecompaniesbegintolayoffemployees,alsocancelledtheoriginalrecruitmentplan.Aroundus,manypeoplecannotfindajob.Thisisaglobaleconomiccrisis,noonecandisregard.Facingthecrisis,Wecanonlyhelpless?Noway.Everythinghastwosides.Thefinancialcrisisalsoletinvestorsconceraboutthelong-termgrowthprospectsfield.Forexample,thefieldofnewenergy.ItalsoprovidesChinaopportunitiesofincreasingtheinputofnewenergy.Wewillusetheirwisdom,potential,andfindthewaytoovercomeit.Thisistheonlywaytominimizecrisis,alsocanbesafelyinthiscrisis.各有侧重，自己选择