[JLS]

I think that is the Fed saying they did not set the $2 price. They may have encouraged a buyer, but not ee thte price.

BTW, did I hear right this week that the Fed changed it rules to allow it to lend to both commercial and investment banks? That would mean they would not need to go through a commercial bank the next time.

[Woodman]

The rules were changes over 10 years ago, but they chose not to lend to BSC. Many think it was to set an example to everyone else, and BSC just happened to be first in line.