2008 Financial Crisis

By ChuYang
  • Period: to

    Financial Crisis

  • Baer Stearns runs out of money

  • Period: to

    Baer Stearns declares bankrupt

  • (SEC) iorders temporary stopping of short selling in the securities of Fannie Mae, Freddie Mac and investment banks.

  • Lehman Brothers file for bankruptcy

  • Ben Bernanke and Hank Paulson asked for $700 Billion to bail out banks

  • Bank of America acquires Fannie Mae and Freddy Mac

  • Bank of America buys Merrill Lynch & Co. for $50 billion.

  • President Bush signed the Troubled Asset Relief Program

  • GM and Chrysler faced bankruptcy