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Rajan (Pivotal moment #1)
Rajan Delivers Paper at Federal Reserve Conference -
Period: to
Negligent Oversight Phase
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Hudge Funds
Hudge Funds Short The CMO Market -
Goldman Sachs (Pivotal moment #2)
Goldman Sachs Shorts the CMO Market -
Bear Stearns (Pivotal moment #3)
Bear Stearns Hedge CMO Fund Collapses -
BNP Paribas
BNP Paribas Suspends Withdrawals Form CMO Fund -
Bear Stearns
Bear Stearns Collapses -
Henry Paulson
"It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation" -
Lehman Brothers
Lehman Brothers Declares Bankruptcy and the Financial Crisis Begins
