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A Turning Point

It's too early to say we're at a turning point in the banking and Wall Street financial crisis. One week does not make a trend. Still, it's intriguing to note that following the bailout of Bear Stearns and other actions by the Fed (supported by the Treasury) that commodity markets tanked, the dollar strengthened (somewhat), and stocks rallied. Perhaps global investors are signaling their approval at Ben Bernanke & Co.'s boldness.

About the author

Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.