Wednesday, Sep. 17, 2008

Benjamin Bernanke

Like Paulson, the Federal Reserve Chairman worried that the duo had offered more aid than they ever wanted to give. But there's an argument to be made that the entire banking mess is bigger than both of these Washington players. With the amount of de-leveraging taking place, perhaps no amount of federal interest rate cutting or liquidity provisions could solve the problems they face. The market might simply have to play itself out.

By Kristina Dell