Operation Save the Banks gave birth to its newest strategy Tuesday, with new Fed facilities to...

|By:, SA News Editor

Operation Save the Banks gave birth to its newest strategy Tuesday, with new Fed facilities to stabilize consumer credit and purchase GSE debt and MBSs. "Is there anything the Fed will not lend to buy?" analysts at RT-ICAP wonder. "If banks will not carry out their intermediary functions, apparently [the Fed] will take the functions over for them." (MarketBeat)