Society & Economics
The global financial crisis, its bailouts and frauds, and the natural disasters that defined society and the economy in 2008.
Every Society & Economics article in the 2008 knowledge base. Use the topic filters to narrow by sub-topic.
Bernie Madoff Ponzi Scheme Exposure
Bernard "Bernie" Madoff, founder of Bernard L. Madoff Investment Securities LLC and a former non-...
Iceland's Financial Crisis
Iceland's three major banks collapsed in September–October 2008, triggering a systemic financial ...
TARP Bailout Signing (October 3, 2008)
On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2...
AIG Bailout and Executive Bonus Controversy
The Federal Reserve authorized an $85 billion emergency bailout of AIG on September 16, crystalli...
Lehman Brothers Collapse
On September 15, 2008, Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection i...
2008 Global Financial Crisis
The 2008 global financial crisis was the worst economic disruption since the Great Depression, or...
2008 Chinese Milk Scandal
In September 2008, infant formula and milk products from China's Sanlu Group and 21 other compani...
Fannie Mae and Freddie Mac Conservatorship
On September 7, 2008, the newly created Federal Housing Finance Agency placed the mortgage giants...
Subprime Mortgage Implosion: The Root of the 2008 Financi...
Between 2003 and 2006, loose lending standards and securitization transformed subprime mortgages—...
2008 Sichuan Earthquake
The 2008 Sichuan earthquake, also known as the Great Sichuan or Wenchuan earthquake, struck the m...
Cyclone Nargis
Cyclone Nargis was an intense tropical cyclone that struck Myanmar (Burma) on May 2, 2008, becomi...
Bear Stearns Collapse
In March 2008, a liquidity run drove the 85-year-old investment bank The Bear Stearns Companies t...