The Fed has extended until Oct 2009 all of the goofy alphabet-soup swap programs.
This is a clear indication that we’re nowhere close to being out of the woods yet.
Plenty of foreign currencies are cratering, the Russians are being watched carefully for another default as back during LTCM days, etc, etc.
And now, it is becoming very clear to people that Pres. Obama’s economic team did not have a plan ready to go on 1/20/09, they don’t have a plan now, and they’re not up to speed on the pile of dog vomit that Congress is voting upon.
Other than rather loud and public posturing on the trade front to make Obama's union goon constituency happy.