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Financial Crisis of 2008
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IndyMac Bank Closed
07/11/2008
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The Office of Thrift Supervision closes IndyMac Bank, F.S.B. The Federal Deposit Insurance Corporation (FDIC) announces the transfer of the insured deposits and most assets of IndyMac Bank, F.S.B. to IndyMac Federal Bank, FSB.
Lehman filed for bankruptcy
09/14/2008
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Bank of America buys Merrill Lynch & Co. for $50 billion
09/15/2008
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$85billion bailout of AIG
09/16/2008
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The Federal Reserve Board Press Release
09/21/2008
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The Federal Reserve Board approves applications of investment banking companies Goldman Sachs and Morgan Stanley to become bank holding companies.
Washington Mutual Closed
09/25/2008
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The Office of Thrift Supervision closes Washington Mutual Bank. JPMorgan Chase acquires the banking operations of Washington Mutual in a transaction facilitated by the FDIC.
Treasury Department Press Release (Chrysler and General Motors)
12/16/2008
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The U.S. Treasury Department authorizes loans of up to $13.4 billion for General Motors and $4.0 billion for Chrysler from the TARP.