Minorities Hit Hard By Subprimes

[lizza]

Bonjour, j'ai besoin d'une petite correction, merci d'avance.

This text is probably an article because it's taken from USA today. The autors are C Benjamin Ford and Jamel Davis. The title is Minorities hit hard by subprimes.

This headline is very suggestive, indeed, this text deals with american economic system and in particular the subprimes or morgages.

This subject is still relevant today, on account of the international crisis that has begun in 2008. A lot of bank go bankrupt thus governments have to loan out money to them.

In the text, the autors explain the subprime system. It's very developped in United States, it permits to increase consuption and economic growth. Therefore, for a good health of american economic, loans are very easy to access.

However, the autors criticize borrowers in line 6: 'ineducated homebuyers' , they deal with minorities like Hispanics and African American. They have to afford the monthly payments. They ready to take a chance because it's a quick way to be homeownership.

With subprimes, the first two years, borrower arranges to a low interest rate but after for about 28 years the higher interest rate. (L9)

However, with the crisis, the interest rate more increases. And, a lot of borowers cann't affort the increase. Therefore, there are a increase of foreclosures. The autors talk about ' a trap' or a 'nightmare', to have a first home is a dream for a lot of people but unfortunately, it's also the start of economic difficulties.

[yveslouis]

Bonjour, j'ai besoin d'une petite correction, merci d'avance. (Have you been a bad girl ? )

This text is probably an article because it's is taken from USA today. The authors are C Benjamin Ford and Jamel Davis. The title is Minorities hit hard by subprimes.

This headline is very suggestive/revealing, indeed, this text deals with the American economic system and in particular the subprimes or mortgages.

This subject is still relevant today, on account of the international crisis that has begun began/started in 2008. A lot of banks go bankrupt thus governments have to loan out money to them.

In the text, the authors explain the subprime system. It's is very developped in the United States, it permits to increase consumption and economic growth. Therefore, for a good health of the American economy, loans are very easy to access.

However, the authors criticize borrowers in line 6: 'ineducated homebuyers' , they deal with minorities like Hispanics and African Americans. They have to afford the monthly payments. They are ready to take a chance because it's is a quick way to be home ownership.

With subprimes, the first two years, borrowers arranges to only have a low interest rate but after then, for about 28 years, they have to pay the higher interest rates. (L9)

However, with because of the crisis, the interest rates increase more increases. And, a lot of borowers cann't affort the increase/augmentation. Therefore, there are is an increase/a growth of foreclosures. The authors talk about ' a trap' or a 'nightmare'., to have Having a first home is a dream for a lot of people but unfortunately, it's is also the start/beginning of economic difficulties.

[♥ Evie ♥]

Bonjour, j'ai besoin d'une petite correction, merci d'avance. (Have you been a bad girl ? )

[lizza]

Sorry thank you

it's horrible (autor__ author ) Sorry sorry