Legal Opinion

Kress v. United States

District Court, E.D. Wisconsin

Decided March 25, 2019No. Case No. 16-C-795PublishedCited by 1 opinion

1Opinion of the Court

• On September 29, 2008, the Dow fell 777.68 points, the most in any single day in history.

• The U.S. economy lost 159,000 jobs in September 2008.

• The U.S. economy lost 240,000 jobs in October 2008, and the AIG bailout increased to $ 150 billion.

• In December 2007, the U.S. unemployment rate was 5.0%. Eighteen months later, in June 2009, the U.S. unemployment rate was 9.5%.

• Real GDP fell 4.3% from its peak in fourth quarter 2007 to its trough in second quarter 2009, the largest decline in the postwar era.

• The S&P 500 Index fell 57% from its October 2007 peak to its trough in March 2009.

•…

2Cases cited18 opinions

  1. Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
  2. United States v. JanisSupreme Court of the United States · 1976
  3. Helvering v. National Grocery Co.Supreme Court of the United States · 1938
  4. Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
  5. Buffalo Tool & Die Mfg. Co. v. CommissionerUnited States Tax Court · 1980

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3Cited by1 opinion

  1. Evans v. Amazon.com IncDistrict Court, E.D. Wisconsin · 2024

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