Credit Crunch
Freddie Mac reports $821 million loss
Credit Crunch
United States of America · Government / Republican Party Government. Chronological records from PostgreSQL.
Credit Crunch — page 2 of 2
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2008–2008years on this page
2008
Credit Crunch
Paulson announces that Fannie Mae and Freddie Mac are being placed into federal conservatorship with Treasury support to stabilize mortgage finance.
Credit Crunch
Lehman Brothers files for bankruptcy after Treasury and Federal Reserve efforts fail to produce a private-sector rescue over the preceding weekend.
Credit Crunch
The Federal Reserve authorizes emergency support for AIG after the insurer cannot meet escalating collateral demands linked to credit-default swaps.
Credit Crunch
Paulson proposes a broad federal program to purchase troubled financial assets as officials confront a rapidly spreading systemic banking crisis.
Credit Crunch
The Federal Reserve approves Goldman Sachs and Morgan Stanley as bank holding companies, giving the investment banks access to broader central-bank support.
Credit Crunch
Washington Mutual fails and its banking operations are sold to JPMorgan Chase, marking the largest bank failure in United States history at the time.
Credit Crunch
The House of Representatives rejects the proposed financial rescue legislation, and United States equity markets fall sharply after the vote.
Credit Crunch
Bush signs the Emergency Economic Stabilization Act, authorizing the seven-hundred-billion-dollar Troubled Asset Relief Program to stabilize the financial system.
Credit Crunch
The Federal Reserve announces that it will begin paying interest on depository institutions' reserve balances under authority accelerated by emergency legislation.
Credit Crunch
The Federal Reserve joins other major central banks in a coordinated interest-rate reduction intended to counter extreme disruption in global financial markets.
Credit Crunch
Paulson announces the Capital Purchase Program, committing Treasury funds to purchase preferred shares in major banks and strengthen their capital positions.
Credit Crunch
The Federal Reserve announces the Money Market Investor Funding Facility to provide liquidity support for money-market instruments during persistent market stress.
Credit Crunch
The Federal Reserve cuts the federal funds target to one percent as economic activity contracts and financial conditions remain severely impaired.
Credit Crunch
Treasury and the Federal Reserve restructure AIG's rescue package, reducing the original loan and adding preferred-share support through TARP.
Credit Crunch
The Government announces a rescue package for Citigroup combining capital support and protection against losses on a large pool of troubled assets.
Credit Crunch
The Federal Reserve announces TALF and plans large purchases of agency debt and mortgage-backed securities to support consumer and housing credit markets.
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The Federal Reserve lowers its policy target to a range of zero to one-quarter percent as the recession and financial crisis deepen.
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