Reuters - This Fed action is good for a day or two. There are three problems in the market. One is the price of money, then liquidity and counterparty risk. The Fed can do all it can in the first two areas by trying to reduce fed funds and the price of money. However, these moves are not going to mitigate the counterparty risk. Today's injection is not going to make prime brokers any less willing to call margins, or lend money. People are afraid of the counterparty risk. This is another government intervention that will create more harm than good.