高级英语（第三版）第二册第十三课 The Mansion A Subprime Parable.ppt

省级精品课程 《高级英语》第三版第二册 制作人：徐李洁 《高级英语》 第3版   第二册 第十三课 Lesson 13: The Mansion: A Subprime Parable 《豪宅：一个关于次贷危机的故事》 Teaching objectives To acquaint students with the historical background of the text. To enable students to appreciate the style of Michele Lewis’s writing. To acquaint students with the Subprime Mortgage Crisis Parable （寓言） ~refers to an example ; a usually short fictitious story that illustrates a moral attitude or a religious principle. In this essay, the parable refers to the author’s own real experience about renting a big mansion. This true story is used as an example to illustrate the Americans’ dream of living in larger houses than they can afford, which, according to the author, was the real cause of the subprime mortgage crisis in the late 2000s in the United States. Michael LewisA best-selling author, Lewis has been widely praised by critics Michael Monroe Lewis ( 1960—) is an American non-fiction author and financial journalist. His bestselling books include The Big Short: Inside the Doomsday Machine, Liars Poker, The New New Thing, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, Panic, Home Game: An Accidental Guide to Fatherhood and Boomerang. He has been a contributing editor to Vanity Fair since 2009. Dan Ackman of Forbes said that Lewis had a special talent: He can walk into an area already mined by hundreds of writers and find gems there all along but somehow missed by his predecessors. 次级抵押贷款（subprime mortgage loan,即“次级按揭贷款”） Subprime: having or being an interest rate that is higher than a prime rate（最优惠贷款利率） and is extended especially to low-income borrowers. 次级抵押贷款是指一些贷款机构向信用程度较差和收入不高的借款人提供的贷款。在前几年美国住房市场高度繁荣时，次级抵押贷款市场迅速发展。但随着美国住房市场大幅降温，加上利率上升，很多次级抵押贷款市场的借款人无法按期偿还借款，导致一些放贷机构遭受严重损失甚至破产。美国次级抵押贷款危机引发了投资者对美国整个金融市场健康状况和经济增长前景的担忧，导致近来股市出现剧烈震荡。 Subprime Mortgage Crisis-Diagram Housing Market Causes of Housing Bubble Excess Housing Inventory Inabil