¡Apocalypsis Ya!

Okay, so I knew that the Fed had expanded what credit it was willing to deal with in its new alphabet soup of lending facilities, but auto loans? We're accepting auto loans now? These things are like the warm pitchers of spit of the financial world.

The Federal Reserve, along with other central banks, said Friday that it was increasing the funding it is providing to banks and announced that, for the first time, it was willing to accept bonds backed by auto loans and credit cards.