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

2008 worldwide financial crisis.

(Date: 7/21/2010 - 47 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:

Battle brews over director for new Consumer Financial Protection Bureau  (3 future stories)     
chicagotribune.com - - 7/21/2010 5:02 PM - [direct link]
The agency with the power to make rules for credit cards, mortgages and other products is created as Obama signs the financial overhaul law.
President Obama reversed decades of lax oversight of ... (2 first ranks, 20%)
A.I.G.: the First Test of Financial Reform? - NYT > Business - [direct link]
Obama signs financial overhaul law - Los Angeles Times - Top News - [direct link]
Obama signs reform of financial rules into law - MSNBC.com: Top msnbc.com headlines - [direct link]
CNN.com - msnbc.com: Business
all 10 news articles »

Clinton announces sanctions against North Korea      
chicagotribune.com - - 7/21/2010 5:17 PM - [direct link]
The U.S. will freeze assets of businesses and individuals associated with the North Korean regime, and collaborate with banks to stop illegal financial transactions. The high-level visit is aimed to ... (1 second ranks, 50%)
In South Korea, Clinton announces sanctions against the north - Los Angeles Times - Top News - [direct link]
all 2 news articles »

Battle brews over director for new Consumer Financial Protection Bureau  (1 future stories)     
chicagotribune.com - - 7/21/2010 5:02 PM - [direct link]
The agency with the power to make rules for credit cards, mortgages and other products is created as Obama signs the financial overhaul law.
President Obama reversed decades of lax oversight of ...
Battle Over Consumer Agency Looms - WSJ.com: What's News US - [direct link]
all 2 news articles »

Pay Czar to Detail Large Bank Payouts This story's sentiment has been rated as being positive. (1 future stories)     
WSJ.com: What's News US - 7/21/2010 5:47 PM - [direct link]
The U.S. pay czar is expected to issue a potentially embarrassing report detailing large sums paid out by financial firms to top executives and employees during the height of financial crisis.
all 2 news articles »
 
Other stories:

Good credit isn't what it was This story's sentiment has been rated as being positive.

     
washingtonpost.com - Today's Highlights
- date posted: 7/21/2010 12:00 AM - 47 days ago - date added: 7/21/2010 9:17 PM - 47 days ago - Evening - 5 rank
- [direct link]
The credit card industry is facing a new problem: customers who are too good. Credit card - Business - Personal Finance - Financial Services - Money

Ex-NASD Official Under Scrutiny for Work at Stanford Group This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/21/2010 7:39 PM - 47 days ago - date added: 7/21/2010 5:17 PM - 47 days ago - Evening - 10 rank
- [direct link]
Ex-NASD official Bernerd Young said in a filing with the Financial Industry Regulatory Authority that he received a Wells notice from the SEC.

Trade Group Wants U.S. Involved in Fannie, Freddie This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/21/2010 5:45 PM - 47 days ago - date added: 7/21/2010 3:02 PM - 47 days ago - Afternoon - 11 rank
- [direct link]
The Securities Industry and Financial Markets Association became the latest organization to call on the U.S. government to continue playing a major role in the mortgage market.

MSNBC.com: Top msnbc.com headlines

We're from Wall Street, we're here to help This story's sentiment has been rated as being positive.

     
MSNBC.com: Top msnbc.com headlines
- date posted: 7/21/2010 4:39 AM - 47 days ago - date added: 7/21/2010 11:02 AM - 47 days ago - Morning - 12 rank
- [direct link]
Hundreds of small banks across the country are struggling to survive. Wall Street wants to help. But Washington's banking watchdogs say beware of bankers bearing gifts. Wall Street - ...

Stocks Wait on Bernanke This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/21/2010 1:05 PM - 47 days ago - date added: 7/21/2010 11:02 AM - 47 days ago - Morning - 8 rank
- [direct link]
U.S. stocks fluctuated between small losses and gains as apprehension ahead of testimony from Federal Reserve Chairman Ben Bernanke offset strong earnings from a number of industrial and financial ...

Harrisburg in Open Cup: A Footnote in the Summer of Soccer

     
NYT > Sports
- date posted: 7/21/2010 9:25 AM - 47 days ago - date added: 7/21/2010 9:47 AM - 47 days ago - Morning - 34 rank
- [direct link]
It would be hard to argue that most soccer fans in eastern Pennsylvania will be focused Wednesday night on Lincoln Financial Field in Philadelphia when Manchester United plays the expansion Union of ...

Some Overlooked News About Two Deals This story's sentiment has been rated as being positive.

     
NYT > Business
- date posted: 7/21/2010 6:20 AM - 47 days ago - date added: 7/21/2010 7:02 AM - 47 days ago - Morning - 21 rank
- [direct link]
The Deal Professor examines some developments involving Novartis's proposed acquisition of Alcon and Gentiva Health Services' acquisition of Odyssey Healthcare that might have been overlooked in the ...

Chester Heights pol signed checks to own firm This story's sentiment has been rated as being positive.

     
Philly.com News
- date posted: 7/20/2010 11:35 PM - 47 days ago - date added: 7/21/2010 12:17 AM - 47 days ago - Night - 2 rank
- [direct link]
Delaware County investigators haven't decided whether to open a criminal probe into the financial dealings of Chester Heights Council President Michael Pierce, who had been signing borough checks to ...
     
Future/spin-off stories

$1 billion venture in works to fight Gulf spills This story's sentiment has been rated as being negative.


 (future word: Times reported Thursday     
MSNBC.com: Top msnbc.com headlines
- date posted: 7/21/2010 1:44 PM - 47 days ago - date added: 7/21/2010 2:02 PM - 47 days ago - Afternoon - 1 rank
- [direct link]
A new joint venture formed by four of the world’s biggest oil companies will develop a deepwater oil spill response and containment system for the Gulf of Mexico, the Financial Times reported ...

MSNBC.com: Top msnbc.com headlines

Pregnant? No mortgage for you, lenders say


 (future word: been in 50 years and home)      
MSNBC.com: Top msnbc.com headlines
- date posted: 7/21/2010 6:49 AM - 47 days ago - date added: 7/21/2010 12:17 PM - 47 days ago - Afternoon - 10 rank
- [direct link]
Mortgage rates are the lowest they’ve been in 50 years and home prices are falling, so why aren't people buying? One reason: Lenders are taking a hard look at couples with maternity or paternity ...

msnbc.com: Business

Capitalism? Yuck. But free enterprise? Yes! This story's sentiment has been rated as being positive.


 (future word: Chamber event earlier this year style=margin0 5px, 0 />Nearly two years after the financial)      
msnbc.com: Business
- date posted: 7/21/2010 10:49 AM - 47 days ago - date added: 7/21/2010 11:02 AM - 47 days ago - Morning - 3 rank
- [direct link]
Nearly two years after the financial crisis helped push the nation into deep recession, even capitalism’s most ardent supporters concede it’s developed a bit of a bad reputation.

ECB, Bankers Meet Ahead of Test Results This story's sentiment has been rated as being positive.


 (future word: bank officials two days before the publication)      
WSJ.com: What's News US
- date posted: 7/21/2010 7:27 AM - 47 days ago - date added: 7/21/2010 4:32 AM - 47 days ago - Night - 4 rank
- [direct link]
Europe's leading bankers began gathering at the ECB to meet with central bank officials, two days before the publication of test results on the financial standing of 91 banks.

Scam artist admits bilking clients of $20M This story's sentiment has been rated as being positive.


 (future word: district court yesterday that he)      
Philly.com News
- date posted: 7/20/2010 11:35 PM - 47 days ago - date added: 7/21/2010 12:17 AM - 47 days ago - Night - 5 rank
- [direct link]
Accused scam artist Donald Anthony Young admitted in federal district court yesterday that he bilked investors of more than $20 million between 1999 and 2009 while running a financial firm that ...


A day ago:

U.S. financial reform bill also targets 'conflict minerals' from Congo  (2 future stories)     
washingtonpost.com - Politics - 7/20/2010 11:47 PM - [direct link]
The financial regulation bill that President Obama will sign into law on Wednesday is supposed to clean up Wall Street. But an obscure passage buried deep in the 2,300-page legislation aims to ... (1 first ranks, 33%)
Watchdog: Financial system support up $700 billion - msnbc.com: Business - [direct link]
S.E.C. Pursuing More Cases Related to Financial Crisis - NYT > Business - [direct link]
all 3 news articles »

msnbc.com: Business
Obama choosing consumer chief "fairly quickly" This story's sentiment has been rated as being negative. (1 future stories)     
msnbc.com: Business - 7/20/2010 3:02 PM - [direct link]
U.S. President Barack Obama will move "fairly quickly" to choose a head for the new Bureau of Consumer Financial Protection, Deputy Treasury Secretary Neal Wolin said on Tuesday.
all 2 news articles »
 
Other stories a day ago:

Bill targets Congo atrocities This story's sentiment has been rated as being positive.

     
washingtonpost.com - Today's Highlights
- date posted: 7/21/2010 12:00 AM - 47 days ago - date added: 7/20/2010 10:02 PM - 48 days ago - Night - 4 rank
- [direct link]
Obscure passage in financial reform bill aims to transform a very different place from Wall Street. Congo - Wall Street - Africa - Democratic Republic of Congo - Shopping

Sara Lee Explores Bakery Sale This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/20/2010 8:34 PM - 48 days ago - date added: 7/20/2010 6:02 PM - 48 days ago - Evening - 7 rank
- [direct link]
Sara Lee is exploring a sale of its struggling North American fresh-bakery business and has asked its financial advisers to gauge the interest of potential buyers.

Weakening recovery brings deja vu This story's sentiment has been rated as being positive.


 (future word: The US may avoid a, about the future     
Los Angeles Times - Top News
- date posted: 7/20/2010 4:21 PM - 48 days ago - date added: 7/20/2010 5:47 PM - 48 days ago - Evening - 1 rank
- [direct link]
The U.S. may avoid a double-dip recession, but Americans will probably feel like they did when the economy tanked: insecure, overwhelmed with financial pressures and pessimistic about the future. ...

CMBS Market Rises From Ashes

     
WSJ.com: What's News US
- date posted: 7/20/2010 6:48 PM - 48 days ago - date added: 7/20/2010 4:47 PM - 48 days ago - Afternoon - 6 rank
- [direct link]
The commercial-mortgage-backed-securities market, a leading source of financing in commercial property until the financial collapse of 2008, is showing signs of life.

BP sells $7B in assets for cash

     
washingtonpost.com - Today's Highlights
- date posted: 7/20/2010 12:00 AM - 48 days ago - date added: 7/20/2010 3:17 PM - 48 days ago - Afternoon - 2 rank
- [direct link]
Sale moves company closer to goal of raising $10B to cover spill expenses, bolster financial position. BP - Business - Oil spill - Pakistan - Gulf of Mexico

Glaxo Settles Some Paxil Lawsuits This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/20/2010 11:52 AM - 48 days ago - date added: 7/20/2010 11:47 AM - 48 days ago - Morning - 16 rank
- [direct link]
GlaxoSmithKline settled certain lawsuits alleging its Paxil antidepressant caused birth defects in some users but didn't give financial details.

Earnings and Revenue Decline at Goldman Sachs This story's sentiment has been rated as being negative.


 (future word: in the second quarter making, crisis in late 2008     
NYT > Business
- date posted: 7/20/2010 5:54 AM - 48 days ago - date added: 7/20/2010 6:32 AM - 48 days ago - Morning - 1 rank
- [direct link]
Earnings fell 83 percent in the second quarter, making it the worst quarter for Goldman Sachs since the depths of the financial crisis in late 2008.

Hungary T-Bill Auction Disappoints This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/20/2010 8:07 AM - 48 days ago - date added: 7/20/2010 6:32 AM - 48 days ago - Morning - 9 rank
- [direct link]
Fresh warnings that Hungary's financial troubles may spread through the region came alongside a disappointing treasury-bill auction by the country's government debt agency.

MUFG Seeks New U.S. Target This story's sentiment has been rated as being positive.

     
WSJ.com: What's News US
- date posted: 7/20/2010 7:00 AM - 48 days ago - date added: 7/20/2010 4:32 AM - 48 days ago - Night - 13 rank
- [direct link]
Japan's Mitsubishi UFJ Financial Group is looking for another acquisition target int eh U.S. as it aims to be one of the top 10 commercial banks in the country, an executive said.

Sestak, Toomey play blame game on federal deficits This story's sentiment has been rated as being positive.

     
Philly.com News
- date posted: 7/19/2010 11:34 PM - 48 days ago - date added: 7/20/2010 12:17 AM - 48 days ago - Night - 2 rank
- [direct link]
U.S. Rep. Joe Sestak and former U.S. Rep. Pat Toomey, the Democrat and Republican running for U.S. Senate, agree that federal budget deficits are troubling financial problems.


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In pictures
7/21/2010
July 21: TODAY’s financial editor Jean Chatzky discusses why some banks are denying mortgage funding to couples expecting a child.  (Today Show)
Pregnant? No mortgage for you, lenders say
Customers wait outside the Encino branch of IndyMac Bank in Los Angeles. Small banks are strugging. Wall Street wants to help. Washington is wary.
We're from Wall Street, we're here to help
The U.S. Chamber of Commerce is among those promoting "free enterprise" in the wake of the financial crisis. Texas Gov. Rick Perry addressed a Chamber event earlier this year.
Capitalism? Yuck. But free enterprise? Yes!
7/20/2010
Elizabeth Warren is one of the top candidates being considered by Obama to head the new Bureau of Consumer Financial Protection.
Obama choosing consumer chief "fairly quickly"
 
 
Backstory
2008 worldwide financial crisis.
Status: Past (Latest stories)
Last update: 18 days ago
Date:
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Common words: financial, Obama, signs, law, into, Bill, Wall, Borger, St, reform, announces, Korea, sanctions, clinton, overhaul, sign, consumer, battle, brews, director
Region: Worldwide
Category: Economy
Date added: 12/8/2008
Updates: 18 (3,432)
Future/spin-offs stories: 10 (1,550)
Story count: Not in the last 14 days
Story change
from day before:
28 today, 15 before (up 86.67%)
Story rank/freshness: down 7 rank, 5 before
Timeline: Last seven days (350)
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Num. of popular stories: 2
Num. of other stories: 10
Num. of future/spin-offs 2
 
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