January
January 2: The price of crude oil hits $100 a barrel for the first time in history.
January 22: Federal Reserve cuts interest rates by 0.75 percentage points, the largest single-day reduction in the bank's history.
January 28: French bank Societe Generale uncovers alleged $7.14 billion fraud by futures trader Jerome Kerviel, who fooled regulators and overstepped his authority.
Impact of $100 Oil
Deal would keep instruments in Hall of Fame
FOXBusiness.com’s Week in Review: Dec. 15-19, 2008
