[Toddsterpatriot]

Maybe the fed addressed a short-term liquidity shortage,

Excellent!

but the real issue is and remains looming insolvency.

Insolvency? How large do you think these CDO losses will be?

What about your original remark "no loss there, except to savers and taxpayers"? How do these 30 day loans lose money for savers or taxpayers?

[nj_pilot]

How do these 30 day loans lose money for savers or taxpayers? if you can't see that low interest rates are harmful to savers, then I just don't know where to start. Your premise is that these are 30 day loans. not so. they are an vast expansion of eligible collateral on much easier and longer terms than the discount window has ever been used for. But I will never convince you, nor you me, so i'll just leave it at that. You may have the last word if you wish, but this is really pointless.