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Speculative theory
2008 financial crisis plotAtlas
Economy & Corporations · Market manipulation & financial crises
The 2008 financial crisis is treated in reference and academic sources as a major U.S. and global banking and housing-market collapse with a multi-year timeline of buildup and failure. Multiple documentaries and news programs have framed the 2008 crisis as having an “untold story,” including accounts tied to short-sellers and the events popularized as the real-life Big Short.
Open the case2008 financial crisis1
- Documented · The 2008 financial crisis is treated in reference and academic sources as a major U.S. and global banking and housing-market collapse with a multi-year timeline of buildup and failure.
Federal Deposit Insurance Corporation1
- Documented · After Washington Mutual failed, the FDIC took over the bank and sold it to J.P. Morgan for 1.9 billion dollars.
U.S. House of Representatives1
- Documented · The U.S. House of Representatives rejected a financial bailout bill, after which the Dow Jones Industrial Average fell about 770 points in a single session.
U.S. Securities and Exchange Commission1
- Official · The U.S. Securities and Exchange Commission charged former executives of San Francisco-based United Commercial Bank with misleading investors about mounting loan losses during the height of the financial crisis.
Washington Mutual1
- Documented · Washington Mutual Bank experienced a depositor run in which about 16.7 billion dollars was withdrawn in ten days and then went bankrupt.
Other3
- Documented · Government, library, and archival collections compile primary and secondary materials on the crisis, including presidential, congressional, and regulatory records.
- Official · SEC enforcement actions after the crisis included charges that bank executives hid millions of dollars in losses from investors.
- Contested · Multiple documentaries and news programs have framed the 2008 crisis as having an “untold story,” including accounts tied to short-sellers and the events popularized as the real-life Big Short.