Is the $700 Billion Really for Bailing Out the Fed?

I think this article gives a pretty good explanation of what is really going on:

http://seekingalpha.com/article/97412-is-the-700-billion-rea...

Is the $700 billion being disguised as a bailout for banks, when it is really for bailing out the Federal Reserve? Is it a way of avoiding the embarrassment of walking into Congress and admitting the truth of the need for Congress to authorize issuance of new Treasury bills to recapitalize the nation’s central bank? Will the stock market drop sharply if the Fed “slush fund” is not recapitalized? Will recapitalization of the Federal Reserve allow it to create a series of false rallies to allow people-in-the-know to dump equities into a temporarily rising stock market?

You can digg the story at:
http://digg.com/business_finance/Is_the_700_Billion_Really_f...