The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems facing the nation than the version that was defeated Monday. As the effects of the crisis continue to spread, these additional tools are likely to be increasingly important because it addresses the growing lack of confidence in the broad financial markets which extends well beyond the crisis with mortgage backed securities. The centerpiece $700 billion government purchase of troubled assets remains essential to get those …
