I understand the FED extended a loan that JP Morgan backed with complex securities of questionable value. Its too early to tell the outcome of the deal but if the FED lose money it will offset any profits which means the taxpayer will take a loss on the arraignment.
no feeding the trolls please
The video said, at about 4:20 that until recently, naked short selling was permitted.
I understand the FED extended a loan
So you understand that the Fed doesn't loan taxpayer funds.