The Treasury Department last week said it was considering setting up a facility to prevent market "fails," or instances in which traders are unable to borrow securities in the market to cover their bets. "Because of a number of incidents in the past couple of years, that's one of the reasons why the last meeting of the .. Borrowing Advisory Committee did float this idea of a facility that would help ensure liquidity in the event of shortages for a variety of reasons," Quarles said. Squeeze Protection Team