The rise in defaults on such loans, first on subprime mortgages, triggered a chain of reactions whose consequences are still unfolding now.

这种贷款违约率的不断升高，首先表现为次债问题，之后便引发了一连串的连锁反应，其影响至今仍在不断扩散。

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It should be stressed here that as an individual running a for-profit business, Mozilo should have been free to offer customers all manner of options if willing to suffer the consequences of loans gone wrong.

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China is slowly starting to face the consequences of its actions loans grew over 30% a year over the last few years and inflation is rising fast.

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