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Financialcrisis

The Financial Crisis/ Great Recession

By natewatkins
  • Period: to

    Housing Crisis becomes terrible

  • Freddie Mac says it will not buy subprime mortgages anymore

    Freddie Mac says it will not buy subprime mortgages anymore

  • Biggest Subprime Mortgage Lender New Century Finanical Files for Bankruptcy

    Biggest Subprime Mortgage Lender New Century Finanical Files for Bankruptcy

  • Mortgage Lender Countrywide Fianancial gets credit rating cut

    Mortgage Lender Countrywide Fianancial gets credit rating cut

  • Period: to

    US Economy in Major Recession

  • Bank of America Buys failing Countrywide Fiancial for $4 billion

    Bank of America Buys failing Countrywide Fiancial for $4 billion

  • US Government saves Bear Sterns with $30 Billion

    US Government saves Bear Sterns with $30 Billion

  • Government takes over Freddie Mac and Fannie Mae

    Government takes over Freddie Mac and Fannie Mae

  • Bank of America purchases Merrill Lynch for $50 billion

    Bank of America purchases Merrill Lynch for $50 billion

  • Lehman Brothers Files for Bankruptcy

    Lehman Brothers Files for Bankruptcy

  • US Government Bails out AIG with $85 billion package

    US Government Bails out AIG with $85 billion package

  • Congress passes the Troubled Asset Relief Program (TARP) to save the economy

    Congress passes the Troubled Asset Relief Program (TARP) to save the economy

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