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US Financial Crisis
For each phrase:
1) Listen to the clip 2) Record your version by reading the transcript 3) Listen to your recording and compare with the teacher's version 4) Try to spot areas for improvement and make another recording 5) Repeat the process until you feel comfortable with your recording and go to the next phrase
Obama’s stimulus plan could hit $1 Trillion.
Some analysts say that the Economic Crisis started with bad housing loans.
A mortgage-backed security (MBS) is a securitized interest in a pool of mortgages.
Collateralized debt obligations (CDOs) are securities backed by a pool of bonds, loans and other assets.
A credit default swap (CDS) is a contract which transfers financial risk from one party to another.
Should the government bailout mortgage giants Fannie Mae and Freddie Mac?
Secretary Timothy Geithner turns to investors to purge toxic assets.
What is the current level of unemployment?
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