Fed Saving Credit Markets, but Who'll Save the Fed?

Yesterday the Federal Reserve announced plans to essentially print up a trillion dollars in new money to buy up Treasury debt and mortgage-backed securities. Stock markets in Europe and Asia reacted favorably today, and Wall Street wavered between gains and losses. Dan Gross, business and economic columnist for Newsweek and Slate Magazine, is author of Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation.