What else happened in late September of 2008?
9/23: Government officials say that the Federal Bureau of Investigation is looking into possible fraud for mortgage financing companies Fannie Mae and Freddie Mac, Lehman Brothers, and insurer American International Group. (AP via CNNMoney)
9/24: President of the United States George W. Bush addresses the nation on prime time television to discuss the subprime crisis and the Paulson plan. He warns that the United States faces a "long and painful recession" if the package is not passed. Senator John McCain, the Republican Party nominee in the presidential election, postpones campaigning and seeks deferral of a presidential debate so that he can return to Washington D.C. to discuss the subprime mortgage crisis and the Paulson Plan. President Bush invites Senator McCain, Senator Barack Obama the Democratic Party and leaders of the United States Congress to a meeting at the White House tomorrow to discuss the crisis.
9/25: Senior members of the United States Congress agree on a legislative deal to bailout the U.S. financial system from lingering effects of the subprime mortgage crisis. Jobless claims in the United States rise to a seven year high while orders for durable goods fall to their lowest level in 18 months, underscoring the weakness of the United States economy. Home sales in the United States during August 2008 fall to a 17-year low.