Financial institutions worldwide suffered severe damage, reaching a climax with the bankruptcy of Lehman Brothers on September 15, 2008, and a subsequent international banking crisis. The preconditions for the financial crisis were complex and multi-faceted.
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May 2 – Iron Man is released in theaters, starting the Marvel Cinematic Universe. · May 3 – Cyclone Nargis passes through Myanmar, killing more than 138,000 ...
Dec 3, 2008 · 10 History-making Moments of 2008 · The 2008 Presidential Election · The Russia-Georgia Conflict · Worldwide Food Shortages Provoke Cannibalism in ...
Historical Events in 2008 · Redskins Coach Retires Again · Clooney Messenger of Peace · "Breaking Bad" Premieres · Super Bowl XLII · 50th Grammy Awards · Laureus ...
The decline in overall economic activity was modest at first, but it steepened sharply in the fall of 2008 as stresses in financial markets reached their climax ...
Sep 4, 2023 · Then, in September 2008, US bank Lehman Brothers filed for bankruptcy and the global financial system went into meltdown.
By the fall of 2008, borrowers were defaulting on subprime mortgages in high numbers; the collapse of the financial markets and the global Great Recession ...
The financial crisis of 2007–08 was a severe contraction of liquidity in global financial markets that originated in the United States as a result of the ...
Barack Obama elected as America's first Black president · Sidney Crosby wins first NHL game played outdoors in US · World's cheapest car debuts in India · Heath ...
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What happened and who was famous in 2008? Browse important and historic events, world leaders, famous birthdays and notable deaths from the year 2008.
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