Capitol Hill Blue Forums Political Issues Finance, the economy & Economics How will the financial crisis develop?

Here's something interesting...

I was just watching the House Dems' hearing being broadcast live on CNN, and Rep. DeFazio mentioned that many credit unions have come to him and told him:

a) They are doing fine, have plenty of money to loan, being based on deposits and not 'financial instruments'
b) They are now getting new customers, large companies that, although solvent with plenty of assets, have been working with large commercial banks, who can no longer use their credit lines because
c) their commercial banks told them that the FDIC told THEM to freeze all credit lines...

His question: Are the Feds trying to solve the problem, or are they trying to make the problem more of a crisis, to get the solution they want?