A BRIEF HISTORY OF FINANCIAL COLLAPSE

I found this graphic and nice article about the Big Collapse on Market Watch:

A year into credit crunch, more pain expected
Government bailouts limit the damage, but may delay recovery
By Alistair Barr, MarketWatch
Last update: 7:37 p.m. EDT Aug. 1, 2008
As the first anniversary of the crisis arrives this coming week, the Dow Jones Industrial Average is down 14%, U.S. economic growth has more than halved, financial institutions have suffered $350 billion in write-downs and fired chief executives and thousands of workers, while house prices have slumped as much as 40% in some areas. Bear Stearns, the nation's fifth-largest investment bank, had to be bailed out by the Fed and J.P. Morgan Chase. Fannie Mae and Freddie Mac , the bedrock of the U.S. mortgage market, may be next.

Eight U.S. banks have failed since the beginning of the year, including First Priority Bank of Bradenton, Fla. late Friday.

CLICK ON GRAPHIC FOR LARGER IMAGE