Crash of 2008/Timelines: Difference between revisions
imported>Nick Gardner mNo edit summary |
imported>Yuval Langer m (→The 1980s: I'm pretty sure this comma isn't supposed to be there) |
||
| Line 3: | Line 3: | ||
==The 1980s== | ==The 1980s== | ||
'''Financial | '''Financial deregulation''' In the USA [http://landru.i-link-2.net/monques/dereg80.html], [http://www.fdic.gov/regulations/laws/rules/8000-4100.html], the UK [http://www.legislation.gov.uk/RevisedStatutes/Acts/ukpga/1986/cukpga_19860053_en_1]. | ||
'''Savings and Loans crisis''' - Failure of 296 US "savings and loans" mortgage lenders [http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf] | '''Savings and Loans crisis''' - Failure of 296 US "savings and loans" mortgage lenders [http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf] | ||
Revision as of 15:44, 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].