1、urn people who bought the financial derivatives. In addition, some financial derivatives bought by banks or some other investment agency. They divided the initial financial derivatives into many small parts and provided it to another people. So, there was a knock-on effect when one part of the syste
2、m collapsed. It was becoming so complicated that economists could not use the initial mathematical model to estimate the crisis and also could not foresee the crisis. So, there was a big mess when the financial crisis happened.(Zou Pingzuo, 2008)Conclusion In the beginning, I think it is supervision
3、 of dereliction of duty caused the over good economic form mislead the economists believe that American income should increase faster than the interest of loans. In another word, they believed the loans could be repaid. But they are wrong. Later, the crisis in credit caused a big collapse in financi
4、al area. The bank provided money to people using money to pay house. But this money was offered by someone that bought the financial derivatives designed by bank. So they should get the return from the bank. But banks could not retake the money from real estate. So they could not return people who b
5、ought the financial derivatives. In addition, some financial derivatives bought by banks or some other investment agency. They divided the initial financial derivatives into many small parts and provided it to another people. Then the knock-on effect came out. This situation was so complicated that
6、the economists could not use initial mathematics model to foresee the crisis at all. So that is the reason.ReferenceBai Du (2008). Elizabeth asked the economics why they did fail to foresee the crisis. November 17, http:/ Col , Hans Fllmer , Armin Haas , Michael Goldberg , Katarina Juselius , Alan K
7、irman , David Col , Hans Fllmer , Armin Haas , Michael Goldberg , Katarina Juselius , Alan Kirman , Thomas Lux , Brigitte Sloth , Thomas Lux , Armin Haas , Katarina Juselius , Thomas Lux, (2002). Rational Herds: Economic Models of Social Learning. The Financial Crisis and the Systemic Failure of Aca
8、demic Economics,20.George Ake Love, (2009). Animal spirits, the first edition of 234.Plzlu, (2009). 2008 international financial crisis Analysis. January 12, http:/ Rajan,(2011). Why did economists not foresee the crisis? February 10, http:/ Boyd, (2008). Bear Stearns and the bankruptcy of the secon
9、d contact. May 5, http:/ di, (2009). Economics reasons for the failure to predict the financial crisis? November 8, http:/ Zili, (2008). The underlying causes of the moral hazard and lack of regulation: the U.S. financial crisis. November 17, .Wang Zili, (2008). The underlying causes of the moral ha
10、zard and lack of regulation: the U.S. financial crisis. November 17, .Zui Hou De Dao Cao, (2010). The whole story of the 2008 financial crisis. January 4, http:/ Pingzuo,(2008). Researcher Zouping Block analysis of the underlying causes of the U.S. financial crisis. September 28, http:/ 2. get 3. sh
11、ort4. thank 5. present 6. feel 7. thirty 8. worker 9. breakfast 10. stay二、听音选句子，将正确答案的字母编号填在题前的括号里，每小题读两遍。1. Im 155cm.2. He washed the clothes.3. Its June 1.4. He likes collecting stamps. 5. You look sad.三、听问句，选答句，将正确答案的字母编号填在题前的括号里，每小题读两遍。1. Whats the matter with Sarah?2. Where did she go yesterday
12、?3. Does Lisa like diving?4. How long are your legs?5. When did he play football?四、听录音，排顺序，每小题读两遍。1. Sarah likes reading books after dinner.2. My aunt is an actress.3. Anns sister works on TV. Shes a TV reporter.4. Sarah sells clothes in a shop. She is selling now.5. Toms mother works in a bank. She
13、 works with numbers every day.五、听录音，在相关的内容的框格内打“ ”，短文读两遍。Yesterday was Sunday. The children were very busy. Sarah watched TV with Kathy. They are excited. John played football. He is tired. Tony went fishing. But he couldnt catch any fish. Hes angry. Amy did housework at home. She feels tired.SarahK
14、athyJohnTonyAmyplayed footballdid houseworkwatched TVwent fishingexcitedangrytiredbored六、听句子。填入句子所缺的单词，每小题读三遍。Last summerholiday, I went to Sichuan with my family. We ate good food, took pictures, sang and danced there. My father likes collecting stamps。七、连词成句。1. Did you do your homework yesterday evening?2. I am happy to hear that.3. Does she have a sore throat.？4. Where did you go on your holiday?5. Who are you going to play with?以下内容与本文档无关！以下内容与本文档无关！。
