Bailout Vehicle

The Wall Street Journal interviews R&R Consulting principal Ann Rutledge about how the Federal Reserve’s bailout of troubled firms made use of an obscure investment vehicle that had been closed out of the commercial-paper market long before the program was launched. Read the full story by Serena Ng and Liz Rappaport, “How Fed Crisis Aid Got Tested,” The Wall Street Journal, December 9, 2010 (paid access required).