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Meltdown Monday

Meltdown Monday. Tutor2u Economics 15 th September 2008. A day that shook the world. Lehman tips over the brink. Market Panic over HBoS. Greenspan on the crisis.

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Meltdown Monday

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  1. Meltdown Monday Tutor2u Economics 15th September 2008

  2. A day that shook the world

  3. Lehman tips over the brink

  4. Market Panic over HBoS

  5. Greenspan on the crisis • Alan Greenspan has described the current chaos in the markets as "a once-in-a-century type of financial crisis" adding that it would inevitably have a significant impact on the global economy

  6. AIG seeks emergency funding Robert Peston’s Blog “one of the world's biggest insurers, AIG, is reeling from losses on its exposure to real estate and credit default swaps, or complicated financial insurance - and, according to the New York Times, is seeking a $40bn bridging loan from the Fed.”

  7. The US housing slide holds the key “The humbling moves, which reshape the landscape of American finance, mark the latest chapter in a tumultuous year in which once-proud financial institutions have been brought to their knees as a result of hundreds of billions of dollars in losses because of bad mortgage finance and real estate investments.” Source: New York Times

  8. Click on the headlines

  9. Every cloud …..

  10. When will rates be cut?

  11. Too late to avoid a UK recession?

  12. UK property woes

  13. Stocks and Mortar

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