Economy Aug 14 UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case By Ken Sweet, Associated Press
Politics Mar 15 How the 2008 financial crisis fuels today’s populist politics Mike Pence and Bernie Sanders are hardly political allies. But after two large bank failures, the conservative former vice president and the democratic socialist senator are striking remarkably similar tones. By Will Weissert, Associated Press
Economy May 22 California’s April jobless rate higher than Great Recession California accounted for 11.4% of all jobs lost nationwide in April as the unemployment rate jumped 10.2 percentage points since March, the largest one month rise since 1976. By Adam Beam, Associated Press
Economy May 12 Why prospect of deflation could pose a threat to U.S. economy The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. By Martin Crutsinger, Associated Press
Economy Apr 23 Watch 3:32 They were hit hard by the last recession. Now it’s happening again The U.S. suffered a big financial hit during the Great Recession of 2008-2009. As the novel coronavirus pandemic yields another economic collapse, many of those people are losing jobs, businesses and investments again. Here are stories from four people who… By Lorna Baldwin, Maea Lenei Buhre
Apr 16 Watch 4:55 The pandemic has wiped out nearly all job gains since recession — and it’s not done yet U.S. job losses resulting from the COVID-19 pandemic are simply staggering. So far, they are roughly equivalent to the number of jobs created since the last painful recession. Elise Gould, senior economist with the nonprofit Economic Policy Institute, joins Judy… Continue watching
Mar 17 Fed launches 2 emergency programs last seen in the Great Recession By Christopher Rugaber, Associated Press The Federal Reserve has put in motion two emergency lending programs that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. Continue reading
Mar 09 Dow drops 7.8% as free-fall in oil, virus fears slam markets By Stan Choe, Alex Veiga, Associated Press The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. Continue reading
Feb 12 Bloomberg once blamed end of ‘redlining’ for 2008 economic collapse By Brian Slodysko, Associated Press The practice known as redlining was used to deny home loans to people living in certain neighborhoods, often based on race. Continue reading
Jul 31 WATCH: Federal Reserve cuts key rate for first time in a decade By Martin Crutsinger, Associated Press The central bank cut its benchmark rate — which affects many loans for households and businesses — by a quarter-point to a range of 2 percent to 2.25 percent. Continue reading