Wall Street's wild week: Tears, jeers, cheers
March 15, 2008 at 1:13AM
Fed chief Ben Bernanke announces a $200 billion debt swap deal to help restore shaky credit markets. The Dow Jones industrial average soars nearly 417 points.
Spitzer, aka Client No. 9, announces he will resign as New York's governor. Crude oil prices top $110 per barrel for the first time.
A Carlyle Group hedge fund containing mortgage-backed investments collapses. Gold prices top $1,000 an ounce. The falling dollar hits multiyear lows against the yen and the euro.
Bear Stearns, a big Wall Street player in mortgage-backed securities, gets a Federal Reserve-backed bailout after a week of rumors that it was running out of money. But in the end, the Dow Jones industrial average closed up 0.5 percent for the week.
about the writer
Ramstad: Crystal’s new child care center a direct, and positive, result of ’23 Minnesota Legislature
With more parents being ordered back to offices, there are signs the metro’s child care centers are ready for their kids.
![Edwin Schall got a dollar from a passerby as he held out a pan t get money for food along Nicollet Ave. ] (KYNDELL HARKNESS/STAR TRIBUNE) kyndell.harkness@startribune.com In downtown Minneapolis, Min. Tuesday, June 3, 2014. A new campaign in Minneapolis wants to end panhandling. The "Give Real Change Campaign" which has billboards in Downtown Minneapolis, is telling residents to end panhandling and give to a charitable organization instead. ORG XMIT: MIN1406031618130714](https://arc.stimg.co/startribunemedia/RQ7TYGVJPSRIC5TPDZ743YFF5A.jpg?&w=252&ar=3:2&fit=crop)
