History 2008 financial crisis timeline

By justinallard27

  • The Government Takes Control of Fannie Mae

    In a move to help the U.S. housing market and economy, the government took control of the mortgage finance companies

  • Lehman brothers declared bankruptcy

    One of the largest bankruptcy filing in US history, over $600 billion in assets

  • Banks Get Bailout

    A $700 billion bank bailout, but stocks fell as investors worried

  • The federal government declares recesion

  • AIG Makes Final Repayment to Government for Bailout

    AIG, the insurance giant, announced that it had repaid its final debt to the U.S. Treasury of its $22.7 billion government bailout.