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Mortage Payment Defaults
Banks, mortage lenders, real estate investment trusts, and hedge funds continue to suffer significant losses. They were caused by the mortag payment defaults. -
Global Financial Crisis
President Bush signed the Economic Stimulus Act of 2008. -
Global Stock Martkets Plunge
The Dow significantly dropped. Stock began to decrese, and continued to decrease. It decreased for a period of time. -
Wall Street
Wall street tries to activate TARP giving a $700 billion bill to help, but it is denied and the Dow Jones goes down 778 points, its worst drop in history, -
Picture
http://i2.cdn.turner.com/money/galleries/2008/news/0809/gallery.week_that_broke_wall_street/images/nyse_trading_floor_081003e.jpg Traders at the New York Stock Exchange closely monitor stocks on Oct. 3, when Congress passed the Troubled Asset Relief Program. -
Stock market crash
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Wall Street & Oil
Wall Street was able to rally under just under 400 points. Oil prices fell below $70 a barrel. http://utopianist.com/wp-content/uploads/2011/10/wall_street_salaries.jpg -
Affordable Care Act
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Affordable Care Act was signed. It was one of the largest health reforms for the United States. -
Trade Deficit
A contribution to the trade dificit is consumer producrs. The U.S ran 335 billion dificit in consumer products, importing 516 billion while exporting only around 181 billion. http://3.bp.blogspot.com/-llbUl0Xm6oY/UCO1Ymzn54I/AAAAAAAAPB8/OuyaoNoZVss/s1600/TradeDeficitJune2012.jpg
