The bankruptcy of Lehman Brothers in September 2008 triggered a global financial meltdown. In October, President Bush signed the Troubled Asset Relief Program (TARP) into law to buy back mortgage-backed security and inject liquidity into the system. By that point, the U.S. was shedding 800,000 jobs every month.
Sep 23, 2024
Sep 10, 2024 · The subprime meltdown was an event that followed a sharp increase in high-risk mortgages defaulting resulting from the housing boom and bust of 2007–2009.
Sep 8, 2024 · Collapse of the investment bank Lehman Brothers that occurred on September 15, 2008. It was the largest bankruptcy in US history at that time.
Sep 15, 2024 · A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper ...
6 days ago · Bear Stearns was an investment bank that collapsed during the subprime mortgage crisis in 2008. Read what happened after the Bear Stearns bailout.
Sep 17, 2024 · The Beijing 2008 Olympic Games were an athletic festival held in Beijing that took place August 8–24, 2008.
Sep 27, 2024 · U.S. · World · Politics · New York · Education · Sports · Business · Tech · Science · Weather · The Great Read · Obituaries · Headway · Visual Investigations ...
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Sep 20, 2024 · This book contains more than 50 pages of the most important historical facts that happened in world history in this amazing year plus some lined pages.
Sep 27, 2024 · Hurricane Helene is powering through Ohio, bringing strong windstorms. Here's what we learned from Hurricane Ike's damaging winds in 2008.
Sep 27, 2024 · This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009.
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