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Story Of The Recession

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Story Of The Recession

  1. 1. The story of the recession<br />Lloyds takes over HBOS<br /> $700Bn Bailout approved by congress<br /> UK Government rescues RBS & Lloyds-HBOS<br /> Fed cuts key rate to near zero<br /> US congress passes $787Bn stimulus<br /> G20 Summit in London<br /> UK Budget reveals huge deficit<br />HSBC warns of Subprime losses<br /> New Century goes bust<br /> Credit markets freeze<br /> Run on The Rock<br /> Bear Stearns Rescue<br /> Fannie Mae Rescue<br /> Lehman Brothers goes bankrupt<br />

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