Reuters columnist Matthew Goldstein reported Oct. 7 that the Fed is in court in New York trying to recoup its losses on Crossroads from former owners, arguing that they signed a personal loan guarantee with Bear Stearns. "This is not what the Fed bargained for when it assumed some of Bear’s worst assets to induce JPMorgan Chase to buy the teetering Wall Street bank ... But it’s the inevitable outcome of taking on a distressed portfolio that includes $8.5 billion in commercial mortgages, hotel chains and office complexes." Victoria’s Secret is on line three, they’re having a problem with the lights. Full Article at Below the Beltway