New York, NY – On Wednesday, March 25, the Museum of American Finance will open “Tracking the Credit Crisis: A Timeline,” to trace the development of the current financial crisis, the most severe and complex economic and financial challenge in modern experience. Presented as a monumental 8’ x 20’ graphical wall accompanied by a video presentation, the timeline begins with the bursting of the U.S. housing bubble in late 2006 through the unprecedented trillions being guaranteed and injected into the private sector in 2008-2009 by the government. President Barack Obama’s stimulus package of almost $800 billion is part of the stabilization effort to forestall a financial collapse, in a global environment in which some $40 trillion in wealth has been lost (on paper) in the last 18 months. The U.S. government’s actions represent a watershed in American economic and political history.But if you want to understand this crisis, you have to go further back than 2006.
Friday, February 27, 2009
Limited crisis timeline
This looks like it will be interesting: