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2008 was a leap year starting on Tuesday of the Gregorian calendar, the 2008th year of the Common Era (CE) and Anno Domini (AD) designations, the 8th year of the 3rd millennium and the 21st century, and the 9th year of the 2000s decade.
July 10 – The 2008 Major League Baseball All-Star Game takes place at Yankee Stadium. [33] The home American League wins 4–3 in 15 innings, giving home field advantage in the 2008 World Series to the AL champion, which eventually came to be the Tampa Bay Rays. July 18 – The Dark Knight, directed by Christopher Nolan, is released. It was ...
The collapse of Lehman Brothers (headquarters pictured), the fourth-largest U.S. investment bank, on September 15, 2008, is often considered the climax of the 2008 financial crisis. The TED spread, an indicator of perceived credit risk in the financial system, increased significantly during the crisis. It spiked sharply in August 2007, remained ...
The 2008 K2 disaster occurred on 1 August 2008, when 11 mountaineers from international expeditions died on K2, the second-highest mountain on Earth. [ 1 ] [ 2 ] Three others were seriously injured. The series of deaths, over the course of the Friday ascent and Saturday descent, was the worst single accident in the history of K2 mountaineering.
The 2008 Mumbai attacks [14] (also referred to as 26/11 attacks) [15] [a] were a series of coordinated Islamist terrorist attacks that took place in November 2008, when 10 members of Lashkar-e-Taiba, a Pakistan-based Islamist militant organisation, carried out 12 shooting and bombing attacks lasting four days across Mumbai.
In 2008, another source found estimates by some analysts that Fannie's share of the subprime mortgage-backed securities market dropped from a peak of 44% in 2003 to 22% in 2005, before rising to 33% in 2007. [261] Whether GSEs played a small role in the crisis because they were legally barred from engaging in subprime lending is disputed. [267]
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock, on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate ...
Dow Jones Industrial Average Jan 2006 - Nov 2008. Beginning with bankruptcy of Lehman Brothers at midnight Monday, September 15, 2008, the financial crisis entered an acute phase marked by failures of prominent American and European banks and efforts by the American and European governments to rescue distressed financial institutions, in the United States by passage of the Emergency Economic ...