SEC Time line

9.17.08        DOW drops 448 points to bear market low 33% down from peak of 2007

9.18.08        Bernanke holds emergency talks with Paulson & others concerning bailout

9.18.08        Fed injects 180 billion in global financial system

9.18.08        Investors withdraw 80 billion from money market funds

9.18.08        Putnam closes r.b fund to limit losses

9.18.08        Feds guarantee investments on some money market funds w/ 50 billion ____

9.21.08        Morgan Stanley & Goldman Sachs approved as bank holding companies

9.21.08        Barclays buys Lehman’s core assets for 1.35 billion

9.22.08        AIG removed from DJIA and replaced by Kraft Foods

9.22.08        Oil prices spike biggest in one day – dollar weakens

9.23.08        Nomura buys Lehman’s European Investment Group

9.23.08        Berkshire Hathway invests 5 billion in Goldman Sachs – Sweetheart deal ??

9.24.08        Bush asks Congress to pass Treasury bailout quickly