On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Using derivatives called credit-default swaps, traders are making a profit by betting against the finances of the State of New Jersey and municipalities.
The conviction of a Yemeni cleric and his aide in a prominent terrorism case in 2005 had been hailed by the Bush administration as a significant blow to Al Qaeda.
A Securities and Exchange Commission decision helps explain how the financial crisis spun out of control.
Gov. Sarah Palin used a steady grin, folksy manner and scripted talking points as Senator Joseph R. Biden Jr. sought to undermine her with forceful criticism.
The Pakistani Army is engaged in full-scale battles with militants, and an estimated 250,000 people have fled.
Music on My Birthday
The Top 50 albums for the chart week of October 1, 2008, covering October 3, 2008.
Metallica
Ne-Yo
Nelly
Kid Rock
Darius Rucker
2008The Emergency Economic Stabilization Act of 2008 for the U.S. financial system is signed by President George W. Bush.[†]
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The bill was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and was signed into law by President George W. Bush. It became law as part of Public Law 110-343 on October 3, 2008. It created the $700 billion Troubled Asset Relief Program (TARP) whose funds would purchase toxic assets from failing banks. The funds were mostly directed to inject capital into banks and other financial institutions as the Treasury continued to review the effectiveness of targeted asset-purchases.
In 2008, the world population was approximately 6,844,457,662 people[†]