Detailed text transcripts for TV channel - CNN - 20100506:16:25:00
In december of that year. march 2008, investment bank bear stearns collapses. treasury secretary paulson hopes to organize the sale of bare stearnes to jpmorgan chase. california mord again lender indymac goes belly up, taken over by the fdic. investors start bailing out of mortgage giants fannie mae and freddie mac. the government takes over fannie mae and freddie mac. the government announces a bailout of insurance giant aig. october 2008, the stock market plumme plummets. falls to the floor. congress passes and president bush signs t.a.r.p., the troubled assets relief program, november. and...
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