Federal Reserve: Is the Federal Reserve exposed to ...risk in extending these [swap] lines?

"No.

Money, Politics & Occupy Tea

Governments cannot create but merely redirect.

When the government spends,
the money has to come from somewhere.

If the government doesn't have a surplus,
then it must come from taxes.

If taxes don't go up,
then it must come from increased borrowing.

If lenders won't lend,
then it must come from the printing press...

each additional dollar printed
diminishes the value of those already in circulation.

Something cannot be effortlessly created from nothing.

Peter Schiff