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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 Wall Street crash of 1929 and Great Depression.
Historian Robin Blackburn wrote: "The Wall Street investment banks and brokerages hemorrhaged $175 billion of capital in the period July 2007 to March 2008, and Bear Stearns, the fifth largest, was 'rescued' in March, at a fire-sale price, by JP Morgan Chase with the help of $29 billion of guarantees from the Federal Reserve." [178]
The number of homicides in Washington peaked in 1991 at 482, [2] a rate of 80.6 homicides per 100,000 residents, [3] and the city eventually became known as the "murder capital" of the United States. [4] The crime rate started to fall in the mid-1990s as the crack cocaine epidemic gave way to economic revitalization projects. Neighborhood ...
Alamy Five years ago this month, the U.S. financial system began a downward spiral that would bring it to the brink of collapse. Stock markets plunged as the bankruptcy of Lehman Brothers and the ...
The Capitol complex was breached on Jan. 6 about 1:50 p.m. Though some District of Columbia police officers responded within 15 minutes, ...
Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis.
A mob tried to break into the Capitol to disrupt the electoral vote count following the 1860 United States presidential election. Capitol security blocked their entry because they lacked proper credentials. Instead, the mob stood outside yelling insults at General Winfield Scott who headed the Capitol's security force. The mob's epithets ...
The US Capitol Police arrested a man Wednesday after he allegedly attempted to set his car on fire near the Capitol as President-elect Donald Trump was visiting Republican lawmakers and paying his ...