The crisis: A timeline

A shocking series of events that forever changed the financial markets.

1 of 33
BACKNEXT
The events that broke Wall Street
The events that broke Wall Street
Traders at the New York Stock Exchange closely monitor stocks on Oct. 3, when Congress passed the Troubled Asset Relief Program.
A year ago, the collapse of Lehman Brothers set off a series of stunning events from which Wall Street is still recovering.

Seemingly every day for about month, a different legendary financial company teetered on collapse. Stocks recorded some of their most dramatic drops in history, including the Dow's epic 778-point drop on Sept. 29 -- the biggest ever single-day slide. And lawmakers worked overtime in an effort to stem off a failure of the financial system.

The solution: a series of unprecedented and expensive bailouts to save systemically significant institutions from failing and to loosen the tight grip on credit.

Here's a look at how those events unfolded.
NEXT: Sunday, Sept. 14 - Trouble brews
Last updated September 14 2009: 2:19 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
5 travel spots for the young and curious Millennials like to go off the beaten path when they travel. From Havana to Taipei, here are top travel destinations for young travelers. More
The 5 hottest stocks of 2015 Netflix blew away the rest of the stock market during the first half of the year. Here's a look at the other top stocks of 2015. More
These cities have the world's most expensive beer The world's most expensive cities for beer range from European capitals to financial centers in Asia. These are the destinations where a pint will set you back the most. More

Special Offer