sep 30, 2008 - 2008 Major Event 1
Credit Market Freeze
The credit market froze in September when banks withdrew $160 billion from safe “money market accounts“. This hoarding of money caused the price to raise on over $360 trillion in loans and credit card assets. This freeze in the market led to a cash shortage for many businesses, including lots of auto companies.
Added to timeline:
History of my Lifetime Project
Alisha Herremans 1st period