Back

Next

Seven days that shook the financial world

September 20, 2008

Wednesday, September 17:

The government bailout of AIG fails to stem investor fears as they flee to safety. Credit markets tighten.

The New York Times reports that Washington Mutual, the nation's largest thrift, has put itself up for sale. The Dow plunges 449 points.

Image: Washington Mutual Inc.'s headquarters in Seattle | Photograph: Robert Giroux/Getty Images

Also read: The Fed's bailout balancing act could work

Back

Next

Powered by