[Ernest_at_the_Beach]

The TAF, announced on Dec. 12, was followed in March by the creation of several other Fed lending programs targeted at different sectors of the credit markets.

All told, the Fed has now offered to lend up to $462 billion in cash and Treasurys to the markets, in addition to the nearly unlimited funds available through the discount window and the primary c

[Ernest_at_the_Beach]

Auto Loans and Student Loans....??

[Shermy]

Funny money financial instruments keep coming along.

What next, are we going to be imposed upon with a carbon credit trading scheme, and when that collapses, which it must, the Fed will bail them out too?

[Red Badger]

IZZIT just me or does this sound like idiocy?.......

[savedbygrace]

What’s next - sell the furniture?

[WilliamofCarmichael]

Headline?

FED to accept securitized IOU's Tuesdays
We'll gladly do it, says official.

[nitzy]

My friends and I have been trading a box of fecal matter amongst ourselves for the past several years (strictly on credit of course) The specimen is rumored to be from a famous celebrity. It was first sold for $1. After 3 years of being traded back and forth between our group of friends, the value has rocketed to $2,000,000.00. I am the current holder of this valuable security. I wonder if the Fed will let me use it to secure a $2,000,000 loan for a new house in Hollywood?

[SunkenCiv]

Thanks E.

the Federal Reserve and the Swiss National Bank are announcing an expansion of their liquidity measures

I see some holes in this plan.

[Ernest_at_the_Beach]

Related article:

Fed's bank lending programs - next on to-do list?

*****************************EXCERPT*******************

Demand for bank loans drives speculation one program could expand

By Laura Mandaro, MarketWatch
Last update: 5:07 p.m. EDT May 1, 2008

SAN FRANCISCO (MarketWatch) - The Federal Reserve's work setting interest rates is done, for at least the next eight weeks. Next on the central bank's to-do list: whether to expand some of its efforts to pump cash into the still-struggling parts of financial markets.

Since December, the Fed has created new programs to lend about $400 billion to banks and securities dealers. These have been aimed at getting funds moving in parts of the credit market -- including mortgage-backed securities, overnight bank loans and commercial paper borrowings -- that seized up after lenders and investors balked at taking on new risk.

The most popular of this alphabet soup of programs has been the Term Auction Facility program, or TAF, which has been providing banks up to $100 billion every month in 28-day loans against a wide variety of collateral. For the last five months, these auctions have been over-subscribed -- meaning the country's banks have wanted to take out more loans than the central bank has offered.

This strong demand, which probably reflects that banks are still wary of lending to each other or are hoarding their own cash, has encouraged speculation that the Federal Reserve could expand the TAF as early as this month.

"For other facilities, the size of the existing program is large enough to meet any demand," said Michael Feroli, an economist at J.P. Morgan.

"Given all that, I'd expect, if anything expanded, it would be the TAF."

[Jacquerie]

Yes.

All told, the Fed has now offered to lend up to $462 billion in cash and Treasurys to the markets, in addition to the nearly unlimited funds available through the discount window and the primary credit dealer facility.

Make no mistake, our government has/will inflate the savings and income of hundreds of millions in order to "save" financial institutions and avoid 1930s style Depression.

Inflation is a tax by the unelected, untouchable Federal Reserve.

[RKBA Democrat]

The Fed is simply covering more bad investments of Wall Street.

...nothing to see here folks, move along....(/s)