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

2008 worldwide financial crisis.

(Date: 7/22/2010 - 45 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:

Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited This story's sentiment has been rated as being positive. (2 future stories)     
NYT > NYTimes.com Home - 7/22/2010 7:02 PM - [direct link]
Citigroup and Goldman Sachs are among the 17 companies that the special master for executive pay is expected to spotlight for making lavish payouts during the financial crisis. (1 first ranks, 33%, 1 second ranks, 33%)
Banks Paid $1.6 Billion in Excessive Bonuses, Official to Say - NYT > Business - [direct link]
all 3 news articles »

New York State Sues Bank of America and Merrill Over Merger This story's sentiment has been rated as being positive. (1 future stories)     
NYT > Business - 7/22/2010 5:47 PM - [direct link]
The state is trying to recoup pension fund losses that occurred when the bank took over Merrill Lynch at the beginning of the financial crisis.
Europe to go public with bank stress test results - Boston.com -- Latest news - [direct link]
all 2 news articles »
 
Other stories:

Scribbles Helped Scuttle AIG Probe

     
WSJ.com: What's News US
- date posted: 7/22/2010 8:10 PM - 44 days ago - date added: 7/22/2010 5:17 PM - 44 days ago - Evening - 4 rank
- [direct link]
Prosectors initially thought they had a strong case against Joseph Cassano, whose derivatives unit helped drag down AIG. How he escaped prosecution shows the complexity of the probes stemming from the ...

Pay Czar to Bash Payments This story's sentiment has been rated as being negative.

     
WSJ.com: What's News US
- date posted: 7/22/2010 6:55 PM - 44 days ago - date added: 7/22/2010 4:02 PM - 44 days ago - Afternoon - 6 rank
- [direct link]
A White House-appointed pay overseer will cite 17 financial firms for making more than $1 billion in "ill-advised" compensation payments during the height of the financial crisis.

Fiat Factory Is Test Case for Italian Workers and Economy This story's sentiment has been rated as being positive.

     
NYT > Business
- date posted: 7/22/2010 12:17 PM - 45 days ago - date added: 7/22/2010 2:03 PM - 44 days ago - Afternoon - 7 rank
- [direct link]
Fiat's efforts to make its workers more productive may signal whether Italians are willing to embrace the kind of change needed for Italy to skirt financial ruin and be more competitive.

US brushes off NKorean warning on military drills

     
Boston.com -- Latest news
- date added: 7/22/2010 2:02 PM - 44 days ago - Afternoon - 7 rank
- [direct link]
American officials on Thursday brushed aside North Korea's warning that new U.S. financial sanctions against the communist regime and the staging of military maneuvers off the Korean coast this ...

GM to buy AmeriCredit Corp. for $3.5 billion This story's sentiment has been rated as being positive.

     
Los Angeles Times - Top News
- date posted: 7/22/2010 8:04 AM - 45 days ago - date added: 7/22/2010 8:32 AM - 45 days ago - Morning - 2 rank
- [direct link]
The deal is seen as giving the automaker more lease and finance options. The acquisition fills a role once played by GMAC, which the company gave up as it ran into financial trouble.
General ...

Conn. teen says he was tricked into robbery try

     
Boston.com -- Latest news
- date added: 7/22/2010 8:32 AM - 45 days ago - Morning - 12 rank
- [direct link]
A 16-year-old bank robbery suspect in Connecticut says he was tricked into giving a teller a note demanding money. Bank robbery - United States - Connecticut - Financial ...

AP-Univision poll: Hispanic financial worries deep This story's sentiment has been rated as being positive.

     
MSNBC.com: Top msnbc.com headlines
- date posted: 7/22/2010 12:32 AM - 45 days ago - date added: 7/22/2010 1:32 AM - 45 days ago - Night - 16 rank
- [direct link]
For Hispanics in America, the ravaged economy has been a personal nightmare. United States - Associated Press - Ethnicity - Hispanic and Latino - Business
     
Future/spin-off stories

MSNBC.com: Top msnbc.com headlines

New jobless claims make sharp increase This story's sentiment has been rated as being positive.


 (future word: for the ninth annual Skid, claims jumped last week by the, most since February reversing a, sharp fall two weeks ago     
MSNBC.com: Top msnbc.com headlines
- date posted: 7/22/2010 5:35 AM - 45 days ago - date added: 7/22/2010 6:02 AM - 45 days ago - Morning - 6 rank
- [direct link]
New jobless claims jumped last week by the most since February, reversing a sharp fall two weeks ago. Jobless claims - Business - Insurance - Financial Services - Claims

Airlines bag big bucks


 (future word: ancillary revenues last year     
chicagotribune.com -
- date posted: 7/21/2010 6:08 PM - 45 days ago - date added: 7/22/2010 5:17 AM - 45 days ago - Morning - 3 rank
- [direct link]
United Airlines generated the greatest fee income of any carrier in the world: $1.9 billion in ancillary revenues last year
U.S. airlines are world-beaters when it comes to finding creative ways ...


A day ago:

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 a day ago:

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 - 46 days ago - date added: 7/21/2010 9:17 PM - 45 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 - 45 days ago - date added: 7/21/2010 5:17 PM - 45 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 - 45 days ago - date added: 7/21/2010 3:02 PM - 45 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.

$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 - 45 days ago - date added: 7/21/2010 2:02 PM - 45 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 - 46 days ago - date added: 7/21/2010 12:17 PM - 46 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: 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 - 46 days ago - date added: 7/21/2010 11:02 AM - 46 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 - ...

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 - 46 days ago - date added: 7/21/2010 11:02 AM - 46 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.

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 - 46 days ago - date added: 7/21/2010 11:02 AM - 46 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 - 46 days ago - date added: 7/21/2010 9:47 AM - 46 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 - 46 days ago - date added: 7/21/2010 7:02 AM - 46 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 ...

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 - 46 days ago - date added: 7/21/2010 4:32 AM - 46 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 - 46 days ago - date added: 7/21/2010 12:17 AM - 46 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 ...

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 - 46 days ago - date added: 7/21/2010 12:17 AM - 46 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 ...


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In pictures
7/22/2010
Hundreds of job seekers gather at the Los Angeles Mission for the ninth annual Skid Row Career Fair.
New jobless claims make sharp increase
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!
 
 
Backstory
2008 worldwide financial crisis.
Status: Past (Latest stories)
Last update: 16 days ago
Date:
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Common words: banks, bonuses, paid, billion, says, Feinberg, $35, buy, Corp, bank, Europe, results, stress
Region: Worldwide
Category: Economy
Date added: 12/8/2008
Updates: 9 (3,432)
Future/spin-offs stories: 5 (1,550)
Story count: Not in the last 14 days
Story change
from day before:
14 today, 28 before (down 50%)
Story rank/freshness: 7 rank, 7 before
Timeline: Last seven days (336)
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Num. of popular stories: 4
Num. of other stories: 13
Num. of future/spin-offs 5
 
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