1.   Although the rescue money was put up by banks rather than taxpayers, the bailout was engineered by the Federal Reserve Bank of New York.

2.   And against the advice of experts, Mahuad engineered the bailout of the loosely regulated financial sector.

3.   The payment, three years ahead of schedule, was a vindication for Clinton, who engineered the bailout over strong Republican protests in Congress.

4.   Within a few years he had come to national prominence by helping to engineer the bailout of the Chrysler Corp.

5.   But if Schroeder succeeds in engineering a bailout, Kirch might well be inclined to behave more favourably towards the chancellor during his election campaign, the sources argued.