Financial Crisis (& Hurricane Ike): Headlines from 4 years ago 2008.
How easy it is for the millions of Romnesiacs to blame Obama on the worst finacial crisis in world history. I found this blog from Oct 2009. More headlines and comments. > http://economicsofcontempt.blogspot.com/2009/10/newspaper-front-pages-during-financial.html
Monday, September 15, 2008 — Lehman files for bankruptcy. I forgot about Hurricane Ike in Texas.
Thursday, September 18, 2008 — A massive run on money market funds is underway after the Reserve Primary Fund “broke the buck,” WaMu puts itself up for sale in a Hail Mary play, 3-month T-bills go to zero, the Libor-OIS spread spikes up 300 bps. One of the scariest days of the crisis, without question.
Friday, September 19, 2008 — Plans for a system-wide rescue are leaked. (Thanks, Senator Schumer!)
September 25, 2008 — Politicians and political pundits thrust themselves into the financial crisis. Idiocy ensues.
September 30, 2008 — The day after the House stunned the world by voting down the first TARP.
October 2, 2008 — TARP finally passes.
October 14, 2008 — The first TARP equity injections are announced.
= new reply since forum marked as read
So sad...
& R
