Crash of 2008/Timelines: Difference between revisions
imported>Nick Gardner mNo edit summary |
imported>Nick Gardner mNo edit summary |
||
| Line 38: | Line 38: | ||
US Government's '''Fannie Mae and Freddie Mac rescue''' [http://nreionline.com/property/multifamily/real_estate_senate_okays_fannie/]. | US Government's '''Fannie Mae and Freddie Mac rescue''' [http://nreionline.com/property/multifamily/real_estate_senate_okays_fannie/]. | ||
===September=== | ===September=== | ||
| Line 47: | Line 46: | ||
15 US Federal Reserve Bank rescues '''Bear Stearns bank''' [http://www.reuters.com/article/topNews/idUSN1438968020080315]. | 15 US Federal Reserve Bank rescues '''Bear Stearns bank''' [http://www.reuters.com/article/topNews/idUSN1438968020080315]. | ||
17 US government nationalises '''American Insurance Group''' [http://money.cnn.com/2008/09/16/news/companies/AIG/?postversion=2008091710]. | 17 US government nationalises '''American Insurance Group''' [http://money.cnn.com/2008/09/16/news/companies/AIG/?postversion=2008091710]. | ||
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [http://www.ft.com/cms/s/0/33d2214e-8968-11dd-8371-0000779fd18c.html]. | 18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [http://www.ft.com/cms/s/0/33d2214e-8968-11dd-8371-0000779fd18c.html]. | ||
23 US Federal Reserve Bank protects '''Goldman Sachs''' and '''Morgan Stanley ''' banks[http://www.ft.com/cms/s/0/3119223e-8906-11dd-a179-0000779fd18c.html]. | 23 US Federal Reserve Bank protects '''Goldman Sachs''' and '''Morgan Stanley ''' banks[http://www.ft.com/cms/s/0/3119223e-8906-11dd-a179-0000779fd18c.html]. | ||
Revision as of 15:16, 23 September 2008
For definitions of the terms used here, see the related articles subpage of the main article.
The 1980s
Financial,deregulation In the USA [1], [2], the UK [3].
Savings and Loans crisis - Failure of 296 US "savings and loans" mortgage lenders [4]
The 1990s
Failure of a further 451 US "savings and loans" mortgage lenders
The year 2007 (summary)
US Subprime mortgage crisis [5].
US house prices fall throughout 2007 [6].
2007
September
UK Northern Rock bank run [7]
The year 2008 (summary)
2008
January
US mortgage lender Countrywide sold to Bank of America after its share price drops by 48% [8].
February
British government nationalises Northern Rock bank [9].
August
US Government's Fannie Mae and Freddie Mac rescue [10].
September
7 Fannie Mae and Freddie Mac nationalised [11].
12 Lehman Brothers seek bankruptcy protection [12]
15 US Federal Reserve Bank rescues Bear Stearns bank [13].
17 US government nationalises American Insurance Group [14].
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [15].
23 US Federal Reserve Bank protects Goldman Sachs and Morgan Stanley banks[16].