Crash of 2008/Timelines
For definitions of the terms shown in italics, 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.
Basel I recommended banking regulations published [5].
The year 2007 (summary)
US Subprime mortgage crisis [6].
US house prices fall throughout 2007 [7].
2007
August
Collapse of interbank markets
September
UK Northern Rock bank run [8]
The year 2008 (summary)
2008
January
Basel II banking regulation recommendations take effect [9]
US mortgage lender Countrywide sold to Bank of America after its share price drops by 48% [10].
February
British government nationalises Northern Rock bank [11].
August
US Government's Fannie Mae and Freddie Mac rescue [12].
September
7 Fannie Mae and Freddie Mac nationalised [13].
12 Lehman Brothers seek bankruptcy protection [14]
15 US Federal Reserve Bank rescues Bear Stearns bank [15].
17 US government nationalises American Insurance Group [16].
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [17].
23 US Federal Reserve Bank protects Goldman Sachs and Morgan Stanley banks[18].