8 Events that Shook the Industry in 2008 – From Hurricanes to Ponzi Schemes, it Was a Year of Disasters, Linda McGlasson, Managing Editor, Bank Info Security: “The year 2008 was marked with significant milestones. Major banks and investment firms around the globe foundered, failed and were acquired or propped up by their governments and regulatory overseers. Stock markets plunged as the subprime problems of investors around the world began unraveling. Opportunistic fraud was uncovered.”