Earthquake in the Subprime Mortgage Market

  • Dimitris N. Chorafas
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


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.


Interest Rate House Price Money Supply Hedge Fund European Central Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    D.N. Chorafas, Reliable Financial Reporting and Internal Control: A Global Implementation Guide. Wiley, New York, 2000;Google Scholar
  2. D.N. Chorafas, Implementing and Auditing the Internal Control System. Macmillan, London, 2001.CrossRefGoogle Scholar
  3. 14.
    D.N. Chorafas, The Management of Bond Investments and Trading of Debt. Butterworth-Heinemann, London, 2005.Google Scholar
  4. 15.
    William D. Cohan, The Last Tycoons. Doubleday, New York, 2007.Google Scholar

Copyright information

© Dimitris N. Chorafas 2009

Authors and Affiliations

  • Dimitris N. Chorafas
    • 1
  1. 1.New York Academy of SciencesUSA

Personalised recommendations