The 2008 financial market meltdown is not a solo event, although its magnitude marks it for the history books. It's the latest in a series of financial crises where businesses (or government entities) turn to Uncle Sam to save the day.
- 1907 : Run On Trusts - The last days of deregulation
- 1929 : Stock Market Crash and Great Depression - Although the stock market crash did not, by itself, cause the Great Depression, it contributed.
- 1971 : Lockheed Aircraft is pinched by Rolls Royce bankruptcy.
- 1975 : President Ford says 'no' to NYC
- 1979 : Chrysler - US government backs loans made by private banks, in order to save jobs
- 1986 : Savings and Loans failed by the 100s after deregulation
- 2008 : Fannie Mae and Freddie Mac enter downward spiral
- 2008 : AIG turns to Uncle Sam in wake of secondary mortgage crisis
- 2008 : President Bush calls on Congress to pass a $700 billion financial services bailout
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The Panic of 1907 | Stock Market Crash of 1929 | The Lockheed Bailout | New York City Bailout |
The Chrysler Bailout | The Savings and Loan Bailout |
- Graphic Index
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