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sep 30, 2008 - 2008 Major Event 1 Credit Market Freeze

Description:

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.
https://www.thebalance.com/top-ten-economic-issues-in-2008-year-in-review-3305686

Added to timeline:

2 Oct 2017
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History of my Lifetime Project
Alisha Herremans 1st period

Date:

sep 30, 2008
Now
~ 10 years ago

Images:

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