Crash of 2008/Timelines: Difference between revisions
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==The 1990s== | ==The 1990s== | ||
Failure of a further 451 US "Savings and Loans" mortgage lenders | Failure of a further 451 US "Savings and Loans" mortgage lenders. | ||
''Basel I'' recommended banking regulations published [http://www.bis.org/publ/bcbsc111.pdf?noframes=1]. | |||
==The year 2007 (summary)== | ==The year 2007 (summary)== | ||
Revision as of 03:46, 25 September 2008
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
US mortgage lender Countrywide sold to Bank of America after its share price drops by 48% [9].
February
British government nationalises Northern Rock bank [10].
August
US Government's Fannie Mae and Freddie Mac rescue [11].
September
7 Fannie Mae and Freddie Mac nationalised [12].
12 Lehman Brothers seek bankruptcy protection [13]
15 US Federal Reserve Bank rescues Bear Stearns bank [14].
17 US government nationalises American Insurance Group [15].
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [16].
23 US Federal Reserve Bank protects Goldman Sachs and Morgan Stanley banks[17].