September 17, 2008 (LPAC)--The Federal Reserve, which has been pumping money into the financial system faster than a scalded cat, is now seeking a bailout of its own, from the Treasury Dept. According to today's Washington Post, the Fed has asked Treasury for an additional $40 billion, as it has depleted its store of Treasury bonds. At the rate the Fed has been passing out money lately, that small amount will probably be gone before lunch.