I have a coy(bank) with some bad assets, I know there bad but I can a valuation thats says these assets are AAA. The fed will take my assets and give me TBILLS. I sell these TBills for CASH. Which I can use for re investment for hopefully better assets than I gave the fed. So this is really a FED fund injection into my balance sheet. Questions 1) Am I Correct ? 2) Do I have to pay the fed back ? 3) What happens to FED when they find out the true valuation ( subject to 2 above) of the asset swaps ? If my assumptions are correct, then FED please call me too !!!!! - This means - All banks or one in particular is very broke. - Mer, C, GS all have a sugar daddy. - This proves the FED is a VERY LARGE OFF BALANCE SHEET nice to have. The USA investing public have had the largest fraud in security valuation history going on right now !!