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Backstories (Trend | Recent) › 2008 worldwide financial crisis. (Stories from yesterday | Future/spin-off stories)

2008 worldwide financial crisis.

(Date: 7/15/2010 - 56 days ago) View the latest stories >>

The 2008 worldwide financial crisis happened largely as a result of the United States mortgage crisis. The US government has bailed out some of the largest financial institutions in the US and other governments around the world have also taken similar measures to stem the damage it might cause to their economic stability.

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Most popular stories:

Fed Wins More Power in Overhaul This story's sentiment has been rated as being negative. (8 future stories)     
WSJ.com: What's News US - 7/15/2010 9:17 PM
- [direct link]
The Fed has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent financial regulator. But that could only bring it added blame if things go wrong again. (5 first ranks, 38%, 5 second ranks, 38%)
Financial reform may fall short on goals - msnbc.com: Business - [direct link]
Congress Sends Financial Overhaul Bill to Obama - NYT > NYTimes.com Home - [direct link]
Financial overhaul legislation clears Senate hurdle - Los Angeles Times - Top News - [direct link]
NYT > Business - MSNBC.com: Top msnbc.com headlines
all 13 news articles »

News Analysis: Obama Pushes an Agenda, Disregarding Polls That Disapprove This story's sentiment has been rated as being positive. (2 future stories)     
NYT > NYTimes.com Home - 7/15/2010 8:17 PM
- [direct link]
The president’s successes in areas like financial reform pose a paradox. He is winning on Capitol Hill, but losing with voters. (2 first ranks, 50%, 1 second ranks, 25%)
Obama hails passage of Wall Street reform measure - chron.com Chronicle - [direct link]
Obama Nominees Express Support of Fed’s Expanded Duties - NYT > Business - [direct link]
all 4 news articles »

Obama hails passage of Wall Street reform measure This story's sentiment has been rated as being positive. (4 future stories)     
chron.com Chronicle - 7/15/2010 2:32 PM
- [direct link]
The legislation comes almost two years after a tanking financial sector helped trigger a massive downturn in the economy. (1 first ranks, 25%, 1 second ranks, 25%)
Financial rule overhaul looks set for passage - MSNBC.com: Top msnbc.com headlines - [direct link]
Passage of financial overhaul is only half the battle - Los Angeles Times - Top News - [direct link]
After fits and starts, Wall St. bill ready for passage - StarTribune.com rss feed - [direct link]
all 4 news articles »

Goldman Sachs to settle SEC fraud case for $550 million      
Los Angeles Times - Top News - 7/15/2010 6:34 PM
- [direct link]
The settlement gives both the investment bank and federal regulators a measure of what they needed.
The $550-million deal between Goldman Sachs Group and federal regulators to settle the highest ... (1 first ranks, 50%)
Goldman agrees to pay $550M - washingtonpost.com - Today's Highlights - [direct link]
all 2 news articles »

Fed Nominees Vow Tighter Watch  (1 future stories)     
WSJ.com: What's News US - 7/15/2010 12:07 PM
- [direct link]
Obama administration nominees to the Federal Reserve Board said the central bank fell short of its responsibilities before the financial crisis and vowed to monitor the financial system more ...
Obama Nominees Express Support of Fed’s Expanded Duties - NYT > Business - [direct link]
all 2 news articles »

U.S. bank bill faces final vote this week This story's sentiment has been rated as being positive. (2 future stories)     
msnbc.com: Business - 7/15/2010 5:24 AM
- [direct link]
President Barack Obama on Tuesday secured the 60 votes he needs in the Senate to pass a sweeping overhaul of U.S. financial regulations. (1 second ranks, 50%)
Senate passes financial overhaul in 60-39 vote - washingtonpost.com - Today's Highlights - [direct link]
all 2 news articles »

Senate Passes Sweeping Finance Overhaul  (1 future stories)     
WSJ.com: What's News US - 7/15/2010 12:07 PM
- [direct link]
Passage of the wide-ranging legislation, which will touch all areas of the financial markets, marks a major domestic-policy victory for the Obama administration. (1 first ranks, 50%)
The Future of Finance: International Edition - NYT > Business - [direct link]
all 2 news articles »
 
Other stories:

People's United acquires LSB and Smithtown banks

     
Boston.com -- Latest news
- date added: 7/15/2010 5:35 PM - 55 days ago - Evening - 1 rank
- [direct link]
Regional bank operator People's United Financial Inc. has acquired smaller banking firms LSB Corp. and Smithtown Bancorp. in separate deals for about $156 million. Bank - ...

Grading the Bill This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/15/2010 4:01 PM - 55 days ago - date added: 7/15/2010 1:07 PM - 55 days ago - Afternoon - 3 rank
- [direct link]
Experts like Paulson, Pitt and Roubini offer report cards for the financial overhaul. Plus, how would you grade the bill?

DJIA's Seven-Session Streak at Risk This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/15/2010 1:02 PM - 55 days ago - date added: 7/15/2010 10:10 AM - 55 days ago - Morning - 8 rank
- [direct link]
Fresh signs of a moderation in the economic recovery sparked a broad decline in U.S. stocks, putting a seven-session winning streak in the Dow Jones Industrial Average at risk. Financial stocks ...

Penthouse gets serious about bid for Playboy This story's sentiment has been rated as being positive.

     
msnbc.com: Business
- date posted: 7/15/2010 9:48 AM - 55 days ago - date added: 7/15/2010 9:53 AM - 55 days ago - Morning - 6 rank
- [direct link]
The owner of adult magazine Penthouse has hired a financial adviser as it prepares to counter Hugh Hefner's bid to buy Playboy Enterprises Inc.

GE unloads Central American lender for $1.9B This story's sentiment has been rated as being positive.

     
Boston.com -- Latest news
- date added: 7/15/2010 9:22 AM - 55 days ago - Morning - 13 rank
- [direct link]
General Electric Co. is selling its Central American lending subsidiary, BAC Credomatic GECF Inc., to the Colombian bank Grupo Aval for $1.9 billion. General Electric - Bank ...

NBCSports.com: Sports

Florio: Panthers, ’Hawks are possible spots for T.O. This story's sentiment has been rated as being positive.

     
NBCSports.com: Sports
- date posted: 7/14/2010 9:05 PM - 56 days ago - date added: 7/15/2010 8:52 AM - 55 days ago - Morning - 10 rank
- [direct link]
Florio: At some point, Terrell Owens will need to reduce his expectations. If/when he humbles himself, perhaps someone will give him another job. So where could T.O. land for 2010? Let's explore 10 ...

Sweeping reform, but not for Freddie, Fannie This story's sentiment has been rated as being negative.

     
msnbc.com: Business
- date posted: 7/15/2010 6:13 AM - 55 days ago - date added: 7/15/2010 6:23 AM - 55 days ago - Morning - 2 rank
- [direct link]
The proposed new overhaul of financial regulations has a gigantic hole: Mortgage giants Fannie Mae and Freddie Mac will continue to bleed billions of taxpayer dollars.

Kazakhstan Probes Chevron Venture This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/15/2010 9:05 AM - 55 days ago - date added: 7/15/2010 6:23 AM - 55 days ago - Morning - 9 rank
- [direct link]
Kazakhstan's financial police launched a criminal probe into an oil project led by Chevron, the latest of several moves to increase pressure on energy ventures that had until recently enjoyed a ...

Piraeus Bank seeks stake in Greek state banks This story's sentiment has been rated as being positive.

     
Boston.com -- Latest news
- date added: 7/15/2010 5:24 AM - 55 days ago - Morning - 2 rank
- [direct link]
Greece's private Piraeus Bank offered to buy stakes in two state-controlled banks for euro701 million ($890.5 million), officials said Thursday. Greece - Piraeus Bank - ...
     
Future/spin-off stories

Google’s Net Income Rises 24% in Quarter This story's sentiment has been rated as being positive.


 (future word: search giants second act)      
NYT > Business
- date posted: 7/15/2010 1:49 PM - 55 days ago - date added: 7/15/2010 2:17 PM - 55 days ago - Afternoon - 3 rank
- [direct link]
The company’s financial results continue to impress, but investors are waiting for the search giant’s second act.

New jobless claims fall to near two-year low


 (future word: more than expected last week to their, in nearly two years as seasonal)      
MSNBC.com: Top msnbc.com headlines
- date posted: 7/15/2010 5:51 AM - 55 days ago - date added: 7/15/2010 6:38 AM - 55 days ago - Morning - 5 rank
- [direct link]
New U.S. claims for unemployment insurance fell more than expected last week to their lowest level in nearly two years as seasonal layoffs eased at factories. Jobless claims - Unemployment ...


A day ago:

Fund-Raisers Before House Vote on Financial Overhaul Examined This story's sentiment has been rated as being positive. (3 future stories)     
NYT > NYTimes.com Home - 7/14/2010 7:32 PM
- [direct link]
An investigation is focusing on a series of fund-raisers last December, in the days immediately before the House’s initial adoption of a financial overhaul. (1 first ranks, 20%, 1 second ranks, 20%)
Sen. Grassley to Vote Against Financial Bill - WSJ.com: What's News US - [direct link]
Grassley a No on Financial Reform Bill - NYT > Business - [direct link]
Sen. Nelson to vote for financial regulation overhaul - washingtonpost.com - Politics - [direct link]
all 5 news articles »

Higher education fund buys gold over economic worries This story's sentiment has been rated as being positive.     
chron.com Chronicle - 7/14/2010 8:02 PM
- [direct link]
Fearing unstable international financial markets and the possibility of high inflation, Texas' higher education investment managers have bought more than $500 million in gold. (1 first ranks, 50%)
Singapore Forecasts 15% Economic Growth in 2010 - NYT > Business - [direct link]
all 2 news articles »
 
Other stories a day ago:

Behind the CFTC's Power Play


 (future word: not long ago is emerging as a)      
WSJ.com: What's News US
- date posted: 7/14/2010 8:33 PM - 56 days ago - date added: 7/14/2010 7:17 PM - 56 days ago - Evening - 11 rank
- [direct link]
The Commodity Futures Trading Commission, an agency that was fighting for its life not long ago, is emerging as a big winner in the revamp of U.S. financial regulation.

Signs of Risky Lending Emerge

     
WSJ.com: What's News US
- date posted: 7/14/2010 7:47 PM - 56 days ago - date added: 7/14/2010 5:17 PM - 56 days ago - Evening - 5 rank
- [direct link]
The hunger for new business as the crisis ebbs is causing some financial institutions to weaken lending standards and woo borrowers who might not be able to pay.

Finance Bill Includes New Fees for Banking This story's sentiment has been rated as being negative.

     
WSJ.com: What's News US
- date posted: 7/14/2010 8:00 PM - 56 days ago - date added: 7/14/2010 5:17 PM - 56 days ago - Evening - 6 rank
- [direct link]
The financial-overhaul legislation on the verge of passing Congress grants the government broad authority to levy several new fees on financial institutions.

Greek crisis just the beginning? This story's sentiment has been rated as being positive.


 (future word: of borrowing expected to crest)      
washingtonpost.com - Today's Highlights
- date posted: 7/14/2010 12:00 AM - 57 days ago - date added: 7/14/2010 9:02 AM - 56 days ago - Morning - 3 rank
- [direct link]
Massive wave of borrowing expected to crest when U.S., Europe sell about $4 trillion in bonds. United States - Greece - Business - Financial services - Greek

Spain's Banks Increasingly Rely on ECB Funding This story's sentiment has been rated as being positive.


 (future word: high in June against a)      
WSJ.com: What's News US
- date posted: 7/14/2010 10:24 AM - 56 days ago - date added: 7/14/2010 7:32 AM - 56 days ago - Morning - 11 rank
- [direct link]
Spanish banks' recourse to European Central Bank funding hit a new record high in June against a backdrop of intensifying turmoil on financial markets.

Illinois paying for its big debt This story's sentiment has been rated as being positive.

     
chicagotribune.com -
- date posted: 7/13/2010 7:55 PM - 57 days ago - date added: 7/14/2010 5:32 AM - 56 days ago - Morning - 10 rank
- [direct link]
Costs for Illinois borrowing continue to rise because of the state's dire financial situation
The state's costs for borrowing continue to rise because of the state's dire financial situation and ...

Ex-CEO of Germany's IKB convicted

     
Boston.com -- Latest news
- date added: 7/14/2010 2:02 AM - 57 days ago - Night - 1 rank
- [direct link]
The former chief executive of Germany's IKB Deutsche Industriebank AG has been convicted of misleading investors over the extent of the lender's exposure to the looming financial crisis in 2007. ...


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In pictures
7/15/2010
July 15: Mike Florio thinks Terrell Owens'' financial expectations are too high and that he should lower them to find a team for this season. (NBC Sports)
Florio: Panthers, ’Hawks are possible spots for T.O.
 
 
Backstory
2008 worldwide financial crisis.
Status: Past (Latest stories)
Last update: 20 days ago
Date:
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Common words: overhaul, financial, Senate, clears, Bill, Congress, passage, looks, Obama, Analysis, disapprove, disregarding, reform, Goals, , hurdle, passes, finance, Wall, fits, St, nominees, expanded, express, Feds, Goldman, $550M, pay, agrees, banks, bank, Piraeus, seeks, sweeping
Region: Worldwide
Category: Economy
Date added: 12/8/2008
Updates: 18 (3,432)
Future/spin-offs stories: 15 (1,550)
Story count: Not in the last 14 days
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from day before:
33 today, 14 before (up 135.71%)
Story rank/freshness: up 4 rank, 8 before
Timeline: Last seven days (420)
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