BTW
The total monetary leverage of the fed has been estimated at 750 Billion to just over 1.4 trillion by most of the economists I listen to. So, keep track... On the low-end, the fed has used up anywhere from 1/3rd to 1/2 half its leverage.
When that runs out... well, we don't want to think about that.
Oh, and the Fed (or at least its prior incarnations) have gone insolvent in the past. Its not a novel event.
