Robert Rubin's Uphill Fight For No More Mexicos

The months it took to cobble a global bailout together after the Mexican peso crashed last winter left no one satisfied. That has prompted Treasury Secretary Robert E. Rubin to ask if there's a better way of dealing with Mexico-style crises. His answer: a $52 billion superfund designed to meet financial panics before they spread around the world. Says Rubin: "Our response mechanism must be as agile as the markets."

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