ubernoir wrote:
I think this was the smart move rather than let the global economy go to the wall.

I was being sarcastic. I don't really disagree. But it was out of character for us to do that. In America if you fail in the marketplace its usually "tough shit" not "how can we help." The number one problem in the Great Depression was liquidity. They are trying to avoid that problem here.

RE: Fed’s $85 Billion Loan Rescues Insurer - NYTimes.com