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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
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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.