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World News   Washington   Business   Bankruptcy (14)
Washington, Bankruptcy Timeline Sunday, March 14 Bookmark and Share     Author
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US warns of further bank failures
World News World Bankruptcy (48) Washington (266) Business (148) Bankruptcy (14)
2009 (1) 2008 (3) 2002 (10)
   U.S. Congress (6)
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US carmakers publish rescue plans
  Obama predicts more bank failures

year 2009 Top ^

Feb.2
  US President has warned that more US banks are likely to fail, as the full extent of their losses in the economic crisis becomes clear

year 2008 Top ^

Dec.2
  U.S. Congress: Chrysler, Ford and General Motors have all submitted their proposals for multi-billion dollar loans upon which their survival could depend
Oct.8
  Treasury secretary Paulson has warned some banks will still fail despite the $700bn rescue package to shore up the financial system
Sep.16 US government rescues insurer AIG
  The Federal Reserve has announced an $85bn rescue package for the country's biggest insurance company, to save it from bankruptcy

year 2002 Top ^

Oct.16   Enron auditor fined $500,000  Arthur Andersen has been sentenced to five years probation and given a $500,000 fine Aug.21   Ex-Enron executive pleads guilty
  Michael Kopper has pleaded guilty to charges of money laundering and wire fraud
Jun.27 WorldCom ex-CEO and CFO to testify  A House panel voted to subpoena four people to testify about the accounting scandal   British bankers charged in Enron fraud  The Justice Department has charged 3 former British bankers with wire fraud in an alleged $7.3 million scheme Jun.26 Bush vows WorldCom inquiry  U.S. Congress: President, Congress and other federal regulators vowed to investigate WorldCom while analysts forecast bankruptcy Mar.14   Andersen indicted over Enron  Accountancy firm at the centre of the Enron bankruptcy, has been indicted on the charge of obstruction of justice Feb.22 White House sued for Enron records  U.S. Congress: The US administration has been sued by the investigative arm of the US Congress Feb.10 Former Enron boss refuses to testify  U.S. Congress: Kenneth Lay will exercise his Fifth Amendment rights when he appears before a Congressional hearing Feb.3 Enron's Lay refused to testify  U.S. Senate: The Senate investigations is in disarray after the former CEO would not appear due to a prosecutorial climate Jan.9 Criminal inquiry into Enron collapse  Justice Department has opened a criminal investigation of fallen energy giant

year 2001 Top ^

Mar.15 Bankruptcy reform  U.S. Senate: Senate has passed a bill to overhaul the bankruptcy code that will make it harder to seek government protection
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