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  2. List of writedowns due to subprime crisis - Wikipedia

    en.wikipedia.org/wiki/List_of_writedowns_due_to...

    This page was last edited on 11 November 2024, at 01:53 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.

  3. Banks sell down more X debt; just $1.3 billion now left on ...

    www.aol.com/news/banks-sell-down-more-x...

    The X acquisition was funded by a $6.5 billion secured term loan, a $500 million revolving credit facility, $3 billion unsecured loan and $3 billion of secured loans.

  4. Emergency Economic Stabilization Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Emergency_Economic...

    The money came from the $700bn Troubled Asset Relief Program. [ 21 ] [ 22 ] Over the next six months, TARP was dwarfed by other guarantees and lending limits; analysis by Bloomberg found the Federal Reserve had, by March 2009, committed $7.77 trillion (~$10.7 trillion in 2023) to rescuing the financial system, more than half the value of ...

  5. Wealth inequality in the United States - Wikipedia

    en.wikipedia.org/wiki/Wealth_inequality_in_the...

    The article "America's Financial Divide" added context to racial wealth inequality, stating: ... nearly 96.1 percent of the 1.2 million households in the top one percent by income were white, a total of about 1,150,000 households. In addition, these families were found to have a median net asset worth of $8.3 million.

  6. Economic policy of the first Donald Trump administration

    en.wikipedia.org/wiki/Economic_policy_of_the...

    The Centers for Disease Control reported that the number of uninsured persons under age 65 rose from 28.2 million in 2016 to 32.8 million in 2019, an increase of 4.6 million or 16%; 2017 was the first year since 2010 with an increase. The rate of uninsured rose from 10.4% in 2016 to 12.1% in 2019.

  7. Financial position of the United States - Wikipedia

    en.wikipedia.org/wiki/Financial_position_of_the...

    As of the first quarter of 2010, the Federal Reserve estimated that total public and private debt owed by American households, businesses, and government totaled $50 trillion, or roughly $175,000 per American and 3.5 times GDP. [13] Interest payments on debt by US households, businesses, governments, and nonprofits totaled $3.29 trillion in 2008.

  8. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    The crisis had severe, long-lasting consequences for the U.S. and European economies. The U.S. entered a deep recession, with nearly 9 million jobs lost during 2008 and 2009, roughly 6% of the workforce. The number of jobs did not return to the December 2007 pre-crisis peak until May 2014. [3]

  9. 2008 financial crisis - Wikipedia

    en.wikipedia.org/wiki/2007–2008_financial_crisis

    Assessments of the crisis's impact in the U.S. vary, but suggest that some 8.7 million jobs were lost, causing unemployment to rise from 5 percent in 2007 to a high of 10 percent in October 2009. The percentage of citizens living in poverty rose from 12.5 percent in 2007 to 15.1 percent in 2010.