Amazing that people cannot figure that out. If it were just a temporary bank run, or a glitch in a market, Helicopter Ben could fix that in an instant, or wonderful arbitrage opportunities would exist. We already spent a year trying all of the temporary loans and swaps and special credit windows and things. Broke is broke.
Are you saying that in your opinion there is no value in the mortgage backed seurities for the Feds to sell?
I have also been reading about the credit default swap contracts clogging the markets. What do you think?