Background of the Federal Reserve. Informative and for those who don't have an economics background. Explained reasonably simply. With the economic situation the way it is and the Fed pumping money, a good site to look at. http://video.google.com/videoplay?docid=6507136891691870450&hl=en
FYI . . . The loan needs to be made FIRST before the FED prints the money . . . Contrary to what many ET posters believe. $7.7 trillion in "pledges". But until the money actually becomes a loan, the money is not printed.