Tina: There are many different types of toxic debts. Among them, mortgage debt is one of the most common.
Tom: Toxic debt has now become such a common household word; I’ve been hearing about terrible things associate with toxic debts.
Tina: No kidding. Toxic debts include items that have suddenly lost their value and become worthless and sometimes refer to items that are simply too difficult to estimate the worth of them and thus, become worthless.
Tom: I guess the eruption of global financial crisis has something to do with toxic debts and assets in the US. How do we avoid another financial crisis from happening again?
Tina: Stop being greedy. Michael Douglas said in his famous movie Wall Street that “Greed, for lack of a better word, is good.” I think, however, greed is a bad thing.
Tom: The role that Michael Douglas played in the movie is a portrait of a typical Wall Street ruthless tycoon. I agree with you, greed is evil—greedy people can do evil things.
Tina: I could not agree with you more!
(Edited by Samuel Peterson & Jeanne Knechtges Peterson)
Vocabulary
toxic debts & toxic assets 有毒的债务和资产,关于详细内容请看本篇的解释
buzzword 行话,术语,这类词语通常没有特殊的意义,只是用来吓唬听不懂行话的外行人
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