"The Fed unveiled a broadened securities-lending program for banks and bond dealers, offering to lend them as much as $200 billion of much-sought Treasurys from its own portfolio for as many as 28 days in return for a variety of collateral, including bonds backed by mortgages that aren't guaranteed by government-sponsored Fannie Mae and Freddie Mac."  Wall Street Journal (for those of you without a subcription).  Others:
(http://online.wsj.com/article/SB120528406131829077.html?mod=hpp_us_whats_news&apl=y&r=288112)

"Still, if recent history is any guide, the positive market reaction could be short-lived. Since August, the U.S. government has provided nearly $1 trillion in direct and indirect support to financial institutions in a bid to help unfreeze the credit markets. That includes lending from the Fed and Federal Home Loan banks, and efforts to free up lending by Fannie Mae and Freddie Mac. However, the credit crisis has only gotten worse, and the stock market has gone through several false starts.

"With every action the Fed tries, the euphoric effect on the market seems to be shorter and shorter," said James Kauffmann, head of fixed income at ING Investment Management in Atlanta." (Same source)

Sure glad that I am not in debt like Bear Stearns:

"The annual cost of insuring $10 million of Bear Stearns Cos. debt, which had soared Monday, rose to $640,000 yesterday before dropping to $590,000 at the end of the day, according to data from Phoenix Partners Group.

We'll SEE what the future brings!