Bobby Thomson hits the "shot heard 'round the world," Woody Guthrie passes away, Germany comes together, and O.J. Simpson is found not guilty, all on this day.
2008: President George W. Bush signs the Emergency Economic Stabilization Act of 2008 into law within hours of its congressional enactment. The law, enacted in response to the subprime mortgage crisis, created the $700 billion Troubled Asset Relief Program to purchase failing bank assets, especially mortgage-backed securities, and supply cash directly to banks.
Photo: U.S. Coast Guard
John Palminteri photo
Photo Courtesy: Mike Eliason / Santa Barbara Co. Fire Dept.
Andrew H. Walker/Getty Images
Ralph Freso/Getty Images
iStock / Terraxplorer
Antenne Réunion/linfo.re via CNN
Jim Rogash/ Getty
Jim Rogash/Getty Images
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Ilya S. Savenok/Getty Images
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