financial crisis presentation

8/14/2019 Financial Crisis Presentation

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Global Recession

Timeline

BBC timeline highlighting key points throughout theeconomic recession beginning with the 2007 credit crunch

and ending with the ultimate global recession Easy way for readers unfamiliar with financial crisis to get a

clear and concise timeline of events

Each point on the timeline leads to a link with a relatedarticle for that point

The timeline concentrates on all U.S. and U.K. action since2007 leading up to the global recession including theLehman Brothers collapse and the stimulus package

An example of effective coverage on the economicmeltdown from an international perspective
http://news.bbc.co.uk/2/hi/business/8242825.stmhttp://news.bbc.co.uk/2/hi/business/8242825.stm


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Lehmans Last Day

BBC picture slideshow with radio commentaryexplaining events of Lehman Brothers collapse

Published September 14, 2009

Includes radio reports with excerpts frominterviews

Very informative and effective reporting

This is a once in a half-century, probably once ina century type of event. It will continue to be acorrosive force until the price of homes in theUnited States stabilizes.


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Government Bailouts

BBC timeline of U.S. economic recovery plan

Begins on September 19,2008 when Congress began working on aplan to help the banks and ends on March 23, 2009 when the U.S.treasury discusses plan to help investments

Informative for citizens unfamiliar with bailout plans and events

leading up to the stimulus package Detailed and effective and divides bailout measures into sections such

as Bad Debts and Obamas Plan Unveiled

Example definition found in section explaining recovery plans:

TARP (Troubled Assets Relief Program): The $700bn (478bn)rescue package run by the US Treasury and approved by

Congress in October 2008. The first half of the money wasdisbursed before Christmas, and mainly spent on taking stakesin banks. Some of the remaining money has also been spenton rescuing the auto industry, guaranteeing loans for smallbusinesses and providing assistance for homeowners whowant to refinance mortgages. The Obama administration haspencilled in an additional $250bn in bail-out funds in its

20009/10 budget proposals.

financial crisis presentation

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