That could enable it to obtain some sort of credit facility or additional capital.

FORBES: AIG Fights For Survival

The point is that Italy's bond yield - the implicit interest rate it pays - is unlikely to fall decisively below the catastrophically unaffordable 7% unless and until the eurozone demonstrates that there is a bailout facility (of some sort) that has sufficient resources to lend to Italy if investors refuse to do so.

BBC: France squeezed by markets

Mr. HOBSON: The facility was developed, is developed, and exists sort of on the periphery of downtown Seattle.

NPR: Homeless Alcoholics in Seattle Find a Home

So, anyway, does he understand at all the concerns that some Americans have about whether or not this puts Illinois in any sort of jeopardy security-wise, one hundred or so detainees coming to one facility?

WHITEHOUSE: Press Briefing

Still, it would be foolish to ignore the possibility that the repercussions of the present crisis will be made much more far-reaching if it precipitates the sort of panic that took hold after the accident at the Three Mile Island nuclear facility in 1979 or the oil leak off Santa Barbara a decade earlier.

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By ditching its longstanding rule about lending only to commercial banks and extending this facility to investment banks, the Fed is in effect admitting that it faces a different sort of financial system one in which dealers pose as much of a threat to stability as lenders.

ECONOMIST: JPMorgan Chase takes over