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Financial meltdown timeline

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Sep 30 - What began as a housing problem has mushroomed into what may be the biggest financial crisis since the Great Depression.In September, the titans topple like dominos, then the Federal Reserve and the Treasury respond with a $700 billion bailout plan. Fred Katayama reports from New York.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ReutersVideo

Length: 03:27
Rating: 4.94
Views: 7675

Tags: Financial  meltdown  timeline  

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Video Comments

DanTheMan9886 (November 30, 1999 at 12:00 am)
Amazing This is what the financial system gets for outsourcing jobs!!!!! Guess maybe we should have kept the Americans working after all!!!
umooDOTcom (November 30, 1999 at 12:00 am)
It is interesting n' sad to see step by step how our stock market had collapsed. Thank you for the video.
almartin77 (November 30, 1999 at 12:00 am)
Oh so many experts on the so called "market". The entire economic system in the USA depends on the American peoples failure to recognize those truths espoused in the declaration of Independence which are supposed to be "self evident". Apparently the pursuit of life liberty and happiness have become corporate granted privileges. You know what forest Gumps' Mom always said. Stupid is as stupid does.
GIVEMESOMEMONEYguy (November 30, 1999 at 12:00 am)
GIVE ME SOME MONEY!!!
Rickdeckard2020 (November 30, 1999 at 12:00 am)
Banks have a nice racket going: /watch?v=cy-fD78zyvI
Mercutio221 (November 30, 1999 at 12:00 am)
Nice vid. But also check out the Financial Meltdown Rap on youtube. Very entertaining, yet informational.
CultLeader618 (November 30, 1999 at 12:00 am)
hahaha YOU WALLSTREET PIGS YOURE GOIN DOWN! YOU MADE ENOUGH POEPLE HOMELESS AND POOR AND STARVE Wallstreet Crash = low home prices low cost living low cost goods and freedom and happier lives for everyone! wallstreet boom = low wages labour slavery housing hyperinflation homelessness poverty famine and eventual civil collaps into a darkage of human slavery destruction and starvation while wallstreets rich materialistic snobbish pigs would enslave and massacre commoners and citizens for sport
bigbigjohnlee (November 30, 1999 at 12:00 am)
they say the banks w/ bad debt is the problem and the bailout is the answer im just an averge joe and will say thats Bullshit ! The base of the problem is the cost of living is so damn high peopl arent able to pay the debts they had and have taken on more debt to pay the other debts which puts bad debt in the banks 9 outta 10 people will pay their debts if they can thats the bottom line fix the problem not just fix the symptoms
Ithacannoyed (November 30, 1999 at 12:00 am)
make no mistake. the financial bail-out package, which they are now calling a "rescue plan" to make it go down easier, is nothing more than the Patriot Act for economics, enacting broad new sweeping dictatorial powers to the already financial elite!
sdpost31 (November 30, 1999 at 12:00 am)
I think everyone that is 18 yrs old with a valid SS# should get 1 million dollars if you add that number up it will be less than 700 billion and with a million dollars in our pockets i am sure we can pay our mortgages and stimulate the economy at the same time

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