Let me see if I understand what you are saying. The FED, (which has nothing to do with the Federal Govt), has given $400 billion to 'banks', (like my little bank in my town), for all the mortgage securities and treasury securities(?) they have? [Does that mean the 'FED' now owns the mortgage on my home, for instance?] That means 'the FED' gave my bank money and for that money, my bank used my mortgage and treasury(?) as collateral? Then IF my bank fails the 'FED' owns my mortgage and does that give them the right to control by property?