Cochin, India.

Feng Yiping was wearing swimming trunks and sunglasses, sitting on the platform by the beach. The red flower that could not name it hung down from the upper pool platform and extended to the parasol behind him.

The bay was calm and the seabird flew past the sea under his feet. Because the sun was too dazzling, the skyscrapers opposite the city center looked hazy and not very real.

This city, which is almost the southernmost part of India, was somewhat beyond his expectations. At least as far as he saw, it was a much cleaner and cleaner than Mumbai. Of course, this requirement is indeed not high.

He stopped hearing the sound of swimming, and he closed his eyes. Sure enough, someone tiptoed down from above and stopped behind him for a moment. "Hey," his neck was hugged, and his wet hair was hanging onto his face, and then moved down to his chest. Marika kissed him heavily, "What are you thinking?"

She shook her hair again, and she was already riding on him, "What are you looking at?"

"What do you think?" Feng Yiping reached out and felt it carefully. It was really appropriate to have such an angle.

Marika leaned down, her eyes rippling, "Do you like it?"

Wen Xiang was full of soft jade, Feng Yiping nodded honestly, "I like it very much."

Perhaps because of his affirmation, accompanied by a chuckle, Marika moved her hands and raised her upper body and flew to the table beside her. She hugged Feng Yiping tightly and moved, h, by!

"Is this good?" Marika teased his earlobe.

"Of course, because you are here," Feng Yiping looked at the smile on Marika's face, and couldn't help but sigh in his heart. I'm really saying these words now.

Is this considered progress?

"Then how many days can you stay?"

"I hope to stay for a few more days, but it depends on the situation in the United States,"

"Oh," Marika sounded a little disappointed, but the next moment she raised her head, "This subprime mortgage has a great impact on the companies in Bangalore. What is going on? Is it really the most difficult time not yet?"

The most difficult time is coming, Feng Yiping said sincerely.

"The subprime mortgage, to put it bluntly, is a subprime loan. In order to increase the housing ownership rate of residents, the U.S. government encourages financial institutions to issue loans to people who were unable to apply for housing mortgage loans," he said.

"A house," Marika said softly.

"Houses are important, isn't it? Bush said that owning their own house is the beginning of the American dream,"

"But financial institutions took the opportunity to have other ideas. Through a series of complex operations, mainly securitizing mortgage loans. Financial institutions that issue mortgage loans to the public no longer care whether their loans can be recovered," he said.

"ah?"

"And the problems involved in subprime mortgages are not just mortgage loans. In order to generate income, many financial institutions will try their best to generate income to encourage Americans who have paid off their mortgages and own their own houses to use their own houses to borrow money," he said.

"As housing prices continue to rise, the house you own is simply a bank that is constantly appreciation. How can it be idle?"

"Under such encouragement, more and more retired Americans have taken their newly-owned property rights to borrow houses, bought bigger TVs, better cars, and went on a more beautiful beach vacation..."

"Then the house prices dropped all of a sudden," Marika said.

"Yes, housing prices have dropped suddenly. Many mortgage users have found that although they have paid back multiple mortgages, the value of the mortgaged house is much lower than the mortgage they will pay for next," he said.

"To make things worse, they found that the loan agency used to pay back more than $000 a month will now turn out to more than $5,000 a day,"

"Those who take their property to borrow money, their pensions of more than 10,000 US dollars a year can no longer afford the monthly loans they have to pay. In the past, that's okay, because the house prices have risen, they can continue to go to
Chapter completed!