I dug these up a while ago, but since this is the anniversary of Lehman’s failure, here, for your viewing pleasure, are the front pages of the major U.S. newspapers (the WSJ, NYT, and Washington Post) on various days of the financial crisis. I was unfortunately never able to find PDFs of the FT from the financial crisis. I also included the front page of the USA Today from September 15, 2008, because I think this post needs some comic relief.
Monday, September 15, 2008 — Lehman files for bankruptcy. Some other stuff happens too.
Thursday, September 18, 2008 — A massive run on money market funds is underway after the Reserve Primary Fund “broke the buck,” WaMu puts itself up for sale in a Hail Mary, 3-month T-bills go to zero, the Libor-OIS spread spikes up 300 bps. One of the scariest days of the crisis, without question.
Friday, September 19, 2008 — Plans for a system-wide rescue are leaked. (Thanks, Senator Schumer!)
September 25, 2008 — Politicians and political pundits thrust themselves into the financial crisis; idiocy ensues.
September 30, 2008 — The day after the House stunned the world by voting down the first TARP.
October 2, 2008 — TARP finally passes.
October 14, 2008 — The first TARP equity injections are announced.
0 comments:
Post a comment on: Reliving Lehman Week (and beyond)