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The Value of Everything

Financial Reform Newsletter: Kavanaugh Favors Corporations Over Consumers

THIS WEEK IN FINANCIAL CRISIS HISTORY:

  • September 7th, 2008 - In an historic and unprecedented move, the U.S. Government places Fannie Mae and Freddie Mac into "conservatorship" (meaning the US Government took over control of the two mortgage giants) in an effort to stabilize the housing market.
  • September 11th, 2008 - Lehman Brothers puts itself up for sale in effort to save itself from bankruptcy
  • September 12th, 2008 - NY Fed meets to try and save Lehman Brothers
  • September 15th, 2008 - Bank of America announces it will buy Merrill Lynch
  • September 15th, 2008 - Lehman Brothers files for bankruptcy