On this day: October 3

Published: Oct 03 2012 01:53:54 AM EDT   Updated On: Oct 03 2014 02:00:00 AM EDT

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
1 / 61
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.

Advertisement

Most Viewed on WFMZ.com

Advertisement
 

Slideshow Of The Day

On this Day

  • British tank, 1991 Gulf War

    U.S. Department of Defense

    On this day: February 28

    Nylon is invented, the "M*A*S*H" finale draws a record audience, Michael Jackson wins a record eight Grammys, the Gulf War ends, and the Branch Davidian standoff begins, all on this day.