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In: Bringing Down the Banking System

Author

Listed:
  • Gudrun Johnsen

Abstract

It seemed like any ordinary August day in New York City, although a bit hot for a tourist from Iceland. The occasional rain showers helped keep us cool as my husband and I strolled through the city with my mother and our elder daughter. We were just spending a few days there, getting ready to visit friends in North Carolina where my husband had been working for many years. It was a memorable time for us in many ways, but I will always remember those New York City days in August 2007 as the time when news coverage of the subprime mortgage crisis gained international attention and the most serious financial crisis since the Great Depression officially began.

Suggested Citation

  • Gudrun Johnsen, 2014. "Collapse," Palgrave Macmillan Books, in: Bringing Down the Banking System, chapter 0, pages 13-18, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34735-0_2
    DOI: 10.1057/9781137347350_2
    as

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