One year ago the U.S. economy went from bad to worse, culminating in full-blown financial meltdown. How did it all unravel? SmartMoney shows you in our day-by-day recap of events as we count down to the crash. Follow along on Twitter @ReliveTheCrash as SmartMoney tweets the headlines from a year ago. (If you're new to Twitter, read our guide to getting started here.)
Lehman at the Brink; Merrill to Be Bought
Another Number, More Bad News
A $3.9 Billion Loss for Lehman
Lipstick Remark Becomes Campaign Controversy
Achtung! There's a New Banking Power Player in Germany
The Veep Who Came in From the Cold
The Incredibly Shrinking Investment Bank
A Bair-ish Assessment of the Banking Industry
The Text Heard 'Round the World
Ugh and Uglier
Federal Reserve Checks Lehman's Credit
An Elephantine Relief
Freddie Debt Auction
Pakistan's President Resigns
Russia Sends Missiles Into Georgia
Europe Hits the Skids
Dow Drops to 11,532.96
Morgan Stanley Debt Takes a Hit
Verizon Averts Strike, Promises 2,500 New Jobs
Beijing Olympics Kick Off
Wall Street Panel Weighs In on Risk Standards
Personal Spending, Inflation Both Rise
Roubini Predicts Bank Failures
Pressure Mounts at GM, Unemployment Hits 5.7%, Chrysler Seeks to Reassure, and Regulators Close a Florida Bank