Fed extends emergency loans to Wall Street firms

[crazymans economics]

Is there a reason that this is happening other than Wall St. being solidly in the bed of the current administration?

Will the Fed next extend the emergency loans to Bennigans?

http://biz.yahoo.com/ap/080730/fed_credit_crunch.html?.v=5

[DJ13]

1. And the street is treating the need for additional loans as "good news"

Too busy trying to save the stock market to care about saving the economy.

[Ganja Ninja]

2. Just wait until someone tries to get unemployment benefits extended.

That when the real fiscal discipline comes out.

[benld74]

3. Is there any mechanism to track these amounts they hand out?