Crash of 2008/Timelines: Difference between revisions
imported>Nick Gardner m (→September) |
imported>Nick Gardner m (→September) |
||
| Line 37: | Line 37: | ||
===September=== | ===September=== | ||
7 Fannie Mae and Freddie Mac nationalised [http://www.foxbusiness.com/story/markets/government-seied-fannie-mae-freddie-mac/]. | |||
12 '''Lehman Brothers''' seek bankruptcy protection [http://www.lehman.com/press/pdf_2008/091508_lbhi_chapter11_announce.pdf] | 12 '''Lehman Brothers''' seek bankruptcy protection [http://www.lehman.com/press/pdf_2008/091508_lbhi_chapter11_announce.pdf] | ||
Revision as of 10:35, 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
February
British government nationalises Northern Rock bank [8].
August
US Government's Fannie Mae and Freddie Mac rescue [9].
September
7 Fannie Mae and Freddie Mac nationalised [10].
12 Lehman Brothers seek bankruptcy protection [11]
15 US Federal Reserve Bank rescues Bear Stearns bank [12].
16
17 US government nationalises American Insurance Group [13].
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [14].
19
23 US Federal Reserve Bank protects Goldman Sachs and Morgan Stanley banks[15].