Is the Fed Sponsoring a Rip Off Highway Robbery?

Robert Brenner has a new article called escalating plunder. And of course, what you have described is literally, truly extraordinary. So the financial sector, broadly speaking, the lenders were refusing to lend because it was too risky. But in other words, the high risk made lending unprofitable. The Fed steps in as she's just laid out and says they will remove this risk so that you can lend profitably. Isn't that kind of the most extreme and obvious case of what the economists call moral hazard?