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Wall Street Roundup: Welcome intervention. Should Wall Street pay?

March 18, 2011 |  7:37 am

Gold: Trading now at $1,419 per ounce, up 1.1% from Thursday. Dow Jones industrial average: Trading now at 11,885.20, up 0.9% from Thursday.

Bull -- spencer platt getty Welcome intervention. As governments around the world collaborate to deal with the yen and Libya, stock markets took heart.

Free to spend. Two years after the financial crisis, the Federal Reserve is set to give a clean bill of health to a number of leading banks, including JPMorgan Chase & Co. and Wells Fargo, freeing them to pay dividends and buy back stock.

Should Wall Street Pay? Rep. Barney Frank (D-Mass.) is proposing that hedge funds and banks pay $2.5 billion in new taxes to cover housing programs Republicans want to cut.

--Nathaniel Popper

Credit: Getty Images/Spencer Platt

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