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The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis centered in the United States which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the 1929 Wall Street crash and Great Depression.
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
If credit rating agencies were to issue anything less than a AAA rating, they could be run out of business by the Wall Street firms they depended on. [8] In the years leading up to the 2008 crisis, Moody's and S&P rated tens of thousands of U.S. residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs). They ...
Depending on who you talk to, America might be in the midst of a Wall Street crisis, Main Street crisis, credit crisis, subprime mortgage crisis, or some other dire-sounding crisis. But how many ...
But the truth is that Wall Street's crisis, which kicked off. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
In 2008, as the economy seemed to be in free-fall, pundits, politicians and the public cast about in search of the ultimate villain, the Wall Street weasel who could assume the blame for massive ...
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:
Morgan Stanley's CEO John Mack, one of the last major survivors of the epic Wall Street collapse of 2008, is stepping down early next year -- and straight into the dustbin of history along with ...