Well this sounds spooky...

Its a loan with very favorable terms. The favorable terms, I'm sure, is an incentive to get banks to loan the money out to help stimulate the economy.
 
In a nutshell, this. Although I may not agree with the actions from major banks that led to many of the bailouts in the past few years, it is a necessary evil. A massive failure of the private banking system will most likely lead to complete economic failure of our country. In addition, banks are institutions that profit from interest. Many are netting negative profits, so I'm sure that $7.7 trillion is not a light amount of money to be handing out at no return
 
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