TREASURY, FED LOW ON RESCUE OPTIONS
Sep 30, 2008
The failure of the $700 billion bailout bill leaves Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke with few options to continue their urgent campaign to rescue the financial system. "The problem is, all the eggs were in one basket," said HANS R. STOLL, director of the Financial Markets Research Center at Vanderbilt University. "The economic leaders have worked hard on this particular program, and its failure puts everything into question."