Financial meltdown timeline

(03:27) Report

Sep. 25 - What began as a housing problem has mushroomed into what may be the biggest financial crisis since the Great Depression.

In September, the titans topple like dominos, then the Federal Reserve and the Treasury respond with a $700 billion bailout plan. Fred Katayama reports from New York.SOUNDBITES:

  • Harvard Business School professor emeritus Samuel Hayes
  • Ozgur Demirtas finance Professor at the Zicklin School of Business

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