Economy Project

By gsj
  • New Century Financial Corporation files for bankrupcy

    New Century Financial Corporation files for bankrupcy

    Budget
  • Period: to

    US Economic Crisis

  • Creation of Term Acution Facility

    Creation of Term Acution Facility

    Savings: The creation of Term Acution Facility falls in the svings category because it allowed for institutions to obtain longer term funding.
  • Bear Stearns is taken over by JP Morgan Chase

    Bear Stearns is taken over by JP Morgan Chase

    Leadership

  • Fannie Mae and Freddie Mac are in government conservatorship

    Savings

  • Lehman Brothers files for bancrupcy

    Trade

  • Obama signs overhaul of financial system

    Leadership: Obama allowed the financial system to be overhauled in 2010 when he signed off for it to occur.
  • Unemployment falls below 8%

    Unemployment falls below 8%

    Trade- Position openings were increased to provide more jobs for the people.
  • Approve "Fiscal Cliff"

    Approve "Fiscal Cliff"

    It would put a lot of laws into effect that increase taxes and decrease spending. These would work to reduce the national debt.
    Budget