Let's hope Bernanke knows what he's doing

I'm not an economist or financial wizard, nor do I play one on TV.

But hearing that the Federal Reserve will "expand its lending facilities in the wake of the likely demise of Lehman Brothers, taking a wider array of securities, including equities, as collateral for its loans" suggests to me that the Fed is adding further risk to its portfolio which has already seen a significant drop in quality over the past year.