Are the Fed’s attempts to help going to do that much good? Since the FED is what has caused much of the financial mess, isn’t this kind of like asking the Mafia to donate drug money toward research for curing addiction?
The Federal Reserve IS the problem. Greenspan and the FED knowingly caused this mess.
The probability is that nothing effective will be done by the Fed or the Government. We are going to have to ride out the recession-depression, during which time all elements of the population will have plenty of time to contemplate the level of greed at all levels, that contributed to this mess.