This is the article I think:-

http://www.reuters.com/article/ousiv...

Sounds like most of the loans have gone to local governments etc. So the Fed prints the money to buy the trash off the banks books, who take the cash and lend it back to other parts of the government?!!? If this isn't a ponzi scheme then I don't know what it...

Unless you're a banker or work for the government, you're knackered.