IN DEPTH
Economy
The U.S. financial crisis
Tracking the Wall Street meltdown and historic bailout effort
Last Updated: Monday, October 6, 2008 | 3:23 PM ET
CBC News
Timeline: America's rough ride
- Fannie Mae and Freddie Mac rescued
- Sept. 7, 2008
- Lehman Brothers, Merrill Lynch fall
- Sept. 15, 2008
- Government props up AIG
- Sept. 16, 2008
- Short selling curbed in Britain, U.S.
- Sept. 18, 2008
- U.S. bailout revealed; no need for Canadian plan, Harper says
- Sept. 19, 2008
- Bush: 'Our economy is in danger'
- Sept. 24, 2008
- Talks stall after Obama, McCain White House meeting
- Sept. 25, 2008
- Washington Mutual collapses
- Sept. 26, 2008
- $700-billion bailout deal reached
- Sept. 27, 2008
- U.S. lawmakers vote against bailout deal
- Sept. 29, 2008
- Wachovia bank acquired
- Sept. 29, 2008
- U.S. Senate approves bailout plan
- Oct. 1, 2008
- Bush signs into law revised financial bailout bill
- Oct. 3, 2008
Trader Christopher Crotty rubs his eyes as he works on the floor of the New York Stock Exchange, Wednesday. (Richard Drew/Associated Press) Map: Global reach of the credit crisis
Oct. 6: When Wall Street sneezes, other markets catch a cold. Here are some of the global ripple effects of the U.S. financial meltdown.
Oct. 1: Anxiety grips stock exchanges around the world, from Wall Street and Tokyo to Moscow and Karachi.
Sept. 30: A guide to the key players in the U.S. government's rescue plan.
Henry Champ: Strange bedfellows pulled the plug on bailout bill
Sept. 30: I would have thought spotting the Loch Ness monster would have been more likely than watching some of the coalitions of congressmen and women that lined up to defeat President George W. Bush's $700-billion bailout package Monday.
Money Talks: Some fiscal-crisis reading
Sept. 29: Just as we were all used to thinking of the world in terms of “post 9/11,” we get hit with "post 9/15." We now have to think in terms of the financial world post Black Monday. We Canadians got hit to the tune of $38 billion — that’s just a footnote in the global picture, where the American bill alone is estimated to reach $1 trillion.
Republican presidential nominee John McCain. (Ron Edmonds/Associated Press) Henry Champ: The 'distraction' of a would-be dealmaker
Sept. 26: Set aside for a moment whether or not you support the Bush administration's plan for a Wall Street financial bailout. Let's just look at the involvement of Republican presidential nominee John McCain.
America's biggest billionaire losers
Sept. 26: Feeling crushed by the fall in the financial sector? Worried about your investments? You're not alone. As Wall Street faced a wipeout this year, some of America's richest people got sucked into the vortex too, losing millions.
What billionaires say about the Wall Street crisis
Sept. 23: How will John Catsimatidis — supermarket billionaire, New York mayoral hopeful and the 215th wealthiest person in America — know when the crisis on Wall Street is over? "The situation is going to get better when you feel good about buying Citigroup stock," he says. "Right now, nobody feels good about buying it."
Sept. 19: Every market and every game has its own whipping post. In baseball, it's the umpire. At the gas pump, it's the big oil companies. And in the stock market, it's the short seller.
Experts debate how to fix financial system
Sept. 19: As stock markets grapple with the fallout from the recent turmoil on Wall Street, experts are asking what can be done to prevent a similar financial fiasco in the future.
Henry Champ: Candidates, can you spare a solution?
Sept. 16: It certainly sharpened the focus, this week's turmoil on Wall Street. Both presidential campaigns jumped into action.
Timeline: Financial bumps and meltdowns in Canada and the U.S.
Sept. 15: Tracing banking crises of the 20th century and recent years, from the bank panic of 1907 to this year's Wall Street failures.
Financial crisis 'worst I have ever seen': BMO economist
Sept. 15: It might not have had the visual impact of Hurricane Ike in Texas, but Monday's shakeup on Wall Street likely is a similarly once-in-a-lifetime event. "This is the worst I've ever seen," said Sherry Cooper, chief economist at BMO Financial Group.
Wall Street fallout shakes economy
Sept. 15: Fallout from Monday's turmoil on Wall Street could have a major impact on the overall North American economy, experts say. That's because the financial problems faced by brokerage houses holding mountains of mortgage-backed paper debt will mean job cuts and monetary losses in other sectors, economists said Monday.
Fannie Mae and Freddie Mac: After the bailout
Sept. 8: The government's weekend takeover of Fannie Mae and Freddie Mac ensures that the two titans of the mortgage finance industry, which together control half the $12 trillion U.S. housing market, will wind up looking very different from the way they look now.
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