Earthquake in the Subprime Mortgage Market

Dimitris N. Chorafas
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Dimitris N. Chorafas: New York Academy of Sciences

Chapter 4 in Financial Boom and Gloom, 2009, pp 89-111 from Palgrave Macmillan

Abstract: Abstract Capital is an instrument — not a profound pleasure. As executives from the Securities and Exchange Commission (SEC), Federal Reserve, Federal Deposits Insurance Corporation (FDIC), Office of the Controller of the Currency (OCC), and Office of Thrift Supervision (OTS) underlined in meetings we had in Washington and Boston, a top responsibility of senior management is the preservation of assets.1 This is true even if speculation has joined industry as one of the economy’s pillars.

Keywords: Interest Rate; House Price; Money Supply; Hedge Fund; European Central Bank (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-23583-0_4

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DOI: 10.1057/9780230235830_4

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