libor at record low, page-5

Sure but that's the role of Govt. When the system is stuffed, the Govt must step in and remember the Govt has far more ammunition than any other market participant. Whether it's the private sector or the Govt that provides the tools necessary to stabilize the banking system, it doesn't really matter. I also don't buy this hyper inflation BS down the track. The Govt has merely "filled in the gaping hole" created by the asset bubbles bursting. This will take time, but the Govt has provided the stability required. The patient was on the floor in cardiac arrest. Forget about a quick "cure". Just save the patient first and then worry about longer term consequences later. The Govt and the Fed combined are a very powerful team. Don't underestimate them.