Bear Stearns rescue rattles Wall Street
By Admin - Posted on March 15th, 2008
Investors worry the brokerage may not be the last victim of ongoing turmoil. The Dow falls 194 points. News that the Federal Reserve had stepped in to help prop up faltering investment bank Bear Stearns sent a shudder through Wall Street on Friday, slamming stock prices and fanning expectations for a potentially dramatic interest rate cut by the Fed next week.
