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Financial Crisis

302 events in this timeline

Showing 1–50 of 302

  1. 1932-07-22 May 25-July 22, 1932: Federal Home Loan Bank Act Creates S&L System to Lower the Cost of Home Ownership
  2. 1933-03-13 March 13, 1933: Roosevelt Promises Action on Depression-Stricken Economy
  3. 1934-06-27 June 27, 1934: FSLIC Is Formed to Administer Deposit Insurance for S&L Institutions
  4. 1971-08-14 August 14, 1971: OPEC Seeks Larger Share in Oil Companies’ Profits
  5. 1971-08-15 August 15, 1971: Nixon Takes US Dollar off Gold Standard
  6. 1971-08-17 August 17, 1971: Under Secretary of Treasury Volcker Received in Paris as Special Envoy of President Nixon
  7. 1971-08-25 August 25, 1971: Former IMF Director Calls for International Reserve Settlement Account
  8. 1973-05-21 May 21, 1973: Senator Fulbright Warns of War in the Middle East, an Oil Embargo, and Future Terrorism
  9. 1973-10-17 October 17, 1973: OPEC Declares an Embargo against Oil Exports to the US and the Netherlands
  10. 1980-04-01 April 1, 1980: President Carter Signs the ‘Depository Institutions Deregulation and Monetary Control Bill’ into Law
  11. 1982-05-11 May 11, 1982: ’Net Worth Guarantee Act’ Gets House Committee Backing
  12. 1982-05-14 May 14, 1982: Senator Garn Introduces Bill in Reply to Representative St. Germain’s ‘Net Worth Guarantee Act’
  13. 1982-10-15 May 4-October 15, 1982: ’Garn-St. Germain Depository Institutions Act’ to Revitalize Housing Industry Becomes Law
  14. 1999-11-05 November 5, 1999: Congress Passes Landmark Bill Repealing the Glass-Steagall Act; Dissenting Lawmakers Voice Warnings over Easing of Bank Rules
  15. 2001-09-22 September 22, 2001: Bush: Al-Qaeda ‘Target[ing]’ US Economy, Promotes Tax Cuts
  16. 2001-09-27 September 27, 2001: Bush Tells Americans to Fly to Disney World and ‘Enjoy Life’
  17. 2001-10-03 October 3, 2001: Bush, Giuliani Say Americans Can Help by Going on Vacation, Spending Money
  18. 2002-12-24 December 24, 2002: Bureau of Labor Statistics Stops Reporting Factory Closings, Mass Layoffs
  19. 2004-11-15 November 15, 2004: Greece Admits Data Falsified to Enable Euro Entry
  20. 2004-12-16 December 16, 2004: White House Readies Massive PR Campaign to Sell Proposed Privatization of Social Security
  21. 2005-02-03 February 3-4, 2005: Bush, Fox News Falsely Claim that FDR Wanted to Privatize Social Security
  22. 2005-03-29 March 29, 2005: Greek Government Raises Tobacco and Alcohol Taxes to Combat Budget Deficit
  23. 2006-07-09 July 9-10, 2006: Potential 2008 Presidential Candidate Lists Federal Programs, Agencies He Would Eliminate, Including Social Security, Federal Reserve
  24. 2006-12-20 December 20, 2006: Bush: Americans Can Grow the Economy by ‘Shopping More’
  25. 2007-07-25 July 25, 2007: Soon-to-Fail Northern Rock Announces Good Results
  26. 2007-08-09 August 9, 2007: AIG Says No Problem with Subprime Mortgage Holdings
  27. 2007-08-14 August 14, 2007: Bank of England Alerted to Problems at British Mortgage Giant Northern Rock
  28. 2007-08-16 August 16, 2007: Bank of England Asked about Supporting Mortgage Giant Northern Rock
  29. 2007-08-29 August 29, 2007: British Chancellor Informed of Problems at Mortgage Giant Northern Rock
  30. 2007-09-04 September 4, 2007: London Interbank Rate Hits Nine-Year High
  31. 2007-09-12 September 12, 2007: Governor Says Bank of England May Give Banks Emergency Loans
  32. 2007-09-13 September 13, 2007: News of Northern Rock’s Financial Difficulties Breaks
  33. 2007-09-14 September 14, 2007: Run on Northern Rock Begins; Queues Form Outside Branches
  34. 2007-09-17 September 17, 2007: British Chancellor Issues Government Guarantee for All Savings in Troubled Bank Northern Rock
  35. 2007-09-19 September 19, 2007: Bank of England Announces Plan to Pump Money into Banking System
  36. 2007-09-20 September 20, 2007: Bank of England Defends Handling of Northern Rock Crisis
  37. 2007-09-25 September 25, 2007: Northern Rock Cancels Dividend, Announces Talks with Potential Buyers
  38. 2007-10-01 October 1, 2007: British Government Extends Guarantee for Savings Deposited with Banks and Building Societies
  39. 2007-10-09 October 9, 2007: Head of British Financial Regulator Says He Did Not Expect Trouble at Northern Rock
  40. 2007-10-09 October 9, 2007: British Government Extends Guarantee for Savers with Troubled Bank Northern Rock
  41. 2007-11-08 November 8, 2007: AIG Stocks Hit New Low in Response to Third Quarter Earnings
  42. 2007-11-14 November 14, 2007: AIG Announces Stock Repurchase
  43. 2007-11-16 November 16, 2007: Troubled British Lender Announces Resignation of Chief Executive
  44. 2007-11-26 November 26, 2007: Troubled British Bank Announces Preferred Bidder
  45. 2007-12-05 December 5, 2007: AIG Boss Says Housing Losses ‘Manageable’
  46. 2007-12-07 December 7, 2007: Bidder with Banking Experience Enters Race for Troubled Northern Rock, But Will Later Pull Out
  47. 2007-12-12 December 12, 2007: Troubled British Lender Dropped from FTSE 100
  48. 2007-12-25 December 25, 2007: Singapore Government Company Buys Major Stake in US Bank
  49. 2007-12-25 Shortly Before December 25, 2007: Shareholder in Troubled British Bank Threatens Government with Legal Action
  50. 2008-01-04 January 4, 2008: British Chancellor Proposes Giving More Power to Financial Regulator