On this day: October 3

Posted: 1:53 AM EDT Oct 03, 2012   Updated: 2:00 AM EDT Oct 03, 2015

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.

OTD October 3 - President Bush TARP
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Brendan Smialowski/Getty Images

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.

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Slideshow Of The Day

On this Day

  • Mutiny on the Bounty print

    Public domain

    On this day: April 28

    Fletcher Christian leads a mutiny on the Bounty, Benito Mussolini dies by firing squad, Muhammad Ali refuses to be drafted, and the iTunes Music Store opens, all on this day.