a major issue of subprime mortgages. next to face the music was german corporate bank i k b on july twenty seventh after running into funding problems it received a bailout from the german state development bank k f w. then on august ninth the mortgage crisis hit financial markets as more people defaulted on their loans banks and investors began losing money banks lost trust in each other worried that they wouldn t get their money back this fear was reflected in a rise in interbank lending rates. on the twenty first of january two thousand and eight germany s stock exchange lost seven percent in value the biggest drop since nine eleven in the days afterwards the u.s. fed lowered interest rates again. two months later on march sixteenth bear stearns was bought by rival j.p. morgan with cash barred from the fed it had been the fifth largest investment bank
fed lowered interest rates again. two months later on march sixteenth bear stearns was bought by rival j.p. morgan with cash barred from the fed it had been the fifth largest investment bank in the united states. on september sixth the federal takeover of us government sponsored mortgage lenders fannie mae and freddie mac. . a little over a week later another low wind u.s. investment bank lehman brothers filed for bankruptcy. the u.s. government chose not to step in. stocks around the world crashed as banks lost even more confidence in each other. the following month german chancellor under macko and then finance minister patched work had this message for savers. because we re telling savers that their deposits are safe the show isn t an attempt to avoid
is back her thirteenth studio album goes on release on march sixteenth with the otherworldly title here come the aliens. the reason for that is because of an event that happened to me back in two thousand and nine when i witnessed some astonishing lights in the sky which i can only describe as ufo. plenty of other people saw them too and so of course it was going to be the inspiration for the artwork. with over thirty million albums sold to date the british singer is one of the world s most successful recording artists her european tour kicks off at the end of march. berlin s museums will add almost one hundred works by german artists marc speck none to their collection but man grants among the most important modernist artists
thirteenth studio album goes on release on march sixteenth with the otherworldly title here come the aliens. the reason for that is because of an event that happened to me back in two thousand and nine where i witnessed some astonishing lights in the sky which i can only describe as youth of. plenty of other people saw them too and so of course it was going to be the inspiration for the artwork. with over thirty million albums sold today to the british singer is one of the world s most successful recording artists for european tour kicks off at the end of march. berlin s museums will add almost a hundred works by german artists not spect man to their collections best man ranks among the most important modernist artists the collection was
a bailout from the german state development bank k f w. then on august ninth the mortgage crisis hit financial markets as more people defaulted on their loans banks and investors began losing money banks lost trust in each other worried that they wouldn t get their money back this fear was reflected in a rise in interbank lending rates. on the twenty first of january two thousand and eight germany s stock exchange lost seven percent in value the biggest drop since nine eleven in the days afterwards the u.s. fed lowered interest rates again. two months later on march sixteenth bear stearns was bought by rival j.p. morgan with cash barred from the fed it had been the fifth largest investment bank in the united states. on september sixth the federal takeover of