On this day: October 3

POSTED: 10:53 PM PDT October 2, 2012    UPDATED: 11:00 PM PDT October 2, 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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