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Home Front Economy
Timeline of the financial crunch
2008-10-04
The market crunch has been unfolding all year.
The U.S. Congress gave final approval on Friday to a $700 billion bailout of the U.S. financial industry, sending the measure to President George W. Bush to sign into law. The biggest financial crisis since the Great Depression nearly 80 years ago hit the world in 2008.

Here are some key dates:

January 11 - Bank of America pays $4 billion for Countrywide Financial after the mortgage lender goes bust when risky loans to shaky borrowers fail.
Posted by:lotp

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Posted by: Anguper Hupomosing9418   2008-10-04 16:15  

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Posted by: Danielle   2008-10-04 13:28  

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Posted by: Frank G   2008-10-04 10:17  

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