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Monetary, savings
Morgage giant Freddie Mac says it will no longer buy the most risky sub prime loans
http://www.federalreserve.gov/newsevents/speech/bernanke20120831a.htm -
Monetary Savings
cutting the discount rate and extending term loans to banks--and then, in September, by lowering the target for the federal funds rate by 50 basis points. 1 As further indications of economic weakness appeared over subsequent months, the Committee reduced its target for the federal funds rate by a cumulative 325 basis points, leaving the target at 2 percent http://www.federalreserve.gov/newsevents/speech/bernanke20120831a.htm -
Monetary, Trade
Oil reaches 150$ a barrel; gasoline spikes to $4.11 a gallon. Gas prices become a topic of debate on the presidentia campaing trail.
http://www.huffingtonpost.com/2009/12/18/economic-crisis-timeline-_n_397360.html -
Monetary, Leadership
Governemtn takes control of Fanny Mae and Freddie Mac http://www.cnbc.com/id/101019322 -
Monetary, trade
Merrill Lynch Sold to Bank of America http://www.cnbc.com/id/101019322 -
Monetary, Budget
House Rejects Bailout Plan; Dow Plunges 788 Points -
Fiscal, Budget
In 2009, the deficit grew closer to 14% of GDP, which was caused by government actions.
http://en.wikipedia.org/wiki/Fiscal_policy_of_the_United_States -
Monetary, Budget
Obama Signs Overhaul of Financial System http://www.cnbc.com/id/101019322
