Wednesday, October 08, 2008

MELTDOWN! Are Paulson and Bernanke Running Out of Options?

Treasury Secretary Henry Paulson and his team are starting to look like short-order cooks stuck in a perpetual lunch hour rush. The worse the economic crisis gets, the more confidence- and liquidity-boosting measures they cook up, from the Bear Stearns deal last spring to the AIG bailout last month. Now the markets have devoured last week's...

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