Global financial crisis in September 2008

The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in the global credit markets and insolvency threats to investment banks and other institutions.

This article is about a detailed description of the financial market events of September 2008. For the background information, causes, effects and policy responses, see 2007–2008 financial crisis. For a timeline, see Subprime crisis impact timeline.
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