What was the year of 2008?
What was the year of 2008?
Rat Years
| Rat Year | Time | Five Elements |
|---|---|---|
| 2008 | Feb. 7, 2008 – Jan. 25, 2009 | Earth |
| 1996 | Feb. 19, 1996 – Feb. 6, 1997 | Fire |
| 1984 | Feb. 2, 1984 – Feb. 19, 1985 | Wood |
| 1972 | Feb. 15, 1972 – Feb. 2, 1973 | Water |
What happened in the UK 2008?
The London mayoral election was held. The Conservative candidate Boris Johnson defeated the incumbent Labour candidate Ken Livingstone. The London Assembly election also took place, with Brent and Harrow being the only constituency to change hands. Local elections were held in England and Wales.
Which bank went bust in 2008 UK?
Lehman Brothers went bankrupt. Merrill Lynch, AIG, Freddie Mac, Fannie Mae, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo and Alliance & Leicester all came within a whisker of doing so and had to be rescued.
What caused UK Recession 2008?
The primary cause of the great recession was the credit crunch (2007-08) where the global banking system became short of funds, leading to a decline in confidence and decline in bank lending. So many banks around the world saw a big fall in liquidity and value of their assets.
How much did the 2008 crash cost the UK?
In cash terms the UK government has so far spent £123.93bn, but it has at various points since the crisis began been exposed to a sum 10 times larger. The initial response from the Treasury to our question was that the bail-out would cost nothing, because the banks will pay the money back.
How much did banks lose in 2008?
It was among the five worst financial crises the world had experienced and led to a loss of more than $2 trillion from the global economy. U.S. home mortgage debt relative to GDP increased from an average of 46% during the 1990s to 73% during 2008, reaching $10.5 trillion.
Who bailed out GM in 2008?
Bush Administration
Did tarp get repaid?
within hours of receiving TARP money. Announced on February 2, 2010, that it would repay its TARP loan. Although Chrysler repaid their loans, the Treasury sold its 6% stake in the company to Fiat at a $1.3 billion loss. and Bank of America repaid TARP money.