GOVERNMENT CAPTURE TIMELINE - 2008

ECONOMIC CONDITIONS: Economic collapse extends to Wall Street, TARP implemented
REGULATORY CHANGES: Fannie Mae & Freddie Mac nationalized; Goldman Sachs and Morgan Stanley converted to bank holding companies
PRESIDENT: Barack Obama elected
SECRETARY OF THE TREASURY: Henry Paulson
SECRETARY OF STATE: Condoleezza Rice
SECRETARY OF DEFENSE: Robert M. Gates
SUPREME COURT: 
CONGRESS: Speaker, Nancy Pelosi (D)
FEDERAL RESERVE CHAIRMAN: Ben Bernanke
NY FEDERAL RESERVE: Timothy Geithner, President; Stephen Friedman, Chairman
HIGHEST PAID CEO: Aubrey McClendon - Chesapeake Energy Corp. $112,500,000
BUSINESS ROUNDTABLE: Harold (Terry) McGraw III, chairman, president and CEO of The McGraw-Hill Companies, Chairman
COUNCIL ON FOREIGN RELATIONS: Robert Rubin and Carla Hill, Co-Chairman
KEY BANK MERGERS: TD Banknorth and Commerce Bancorp; JPMorgan Chase and Bear Stearns; Bank of America and Merrill Lynch; Wells Fargo and Wachovia; JPMorgan Chase and Washington Mutual; Fifth Third and First Charter; PNC Financial and National City; US Bancorp and Downey S&L
KEY NON-BANK MERGERS: Invbev and Anheuser-Busch; Delta and Northwest Airlines; Tata Motors and Jaguar/Land Rover
CORPORATE GOVERNANCE: 

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Copyright 2019 by Robert A. G. Monks