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One year ago this week, the failure of the banking and investment systems turned the global economy upside down.
Apparently we define the beginning of the collapse to be the failure of Lehman Brothers. IIRC, by this time, Fannie and Freddie had already been bailed out.
Late edit: Okay, Freddie and Fannie were nationalized on Sept 7th, 2008.
Apparently we define the beginning of the collapse to be the failure of Lehman Brothers. IIRC, by this time, Fannie and Freddie had already been bailed out.
Late edit: Okay, Freddie and Fannie were nationalized on Sept 7th, 2008.
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