Spread it!

Commercial paper is short-term (between 30 days and nine months.)

A2/P2 is lower-rated paper (as opposed to GE/Microsoft/Coke, etc.)

Fed can't do jack-motherfuckin'-shit about the spread unless they want to get into the commercial lending business themselves (and that would just about crash the dollar outright!) Please note the spread is far higher than 9/11!

We're dealing with a solvency crisis (hence, a confidence crisis.) Nobody wants to lend to anybody else because who knows where the bodies are buried?

Once again, for your sanity and mine, this is not a "liquidity crisis". The lack of liquidity is a symptom not a cause.