Sorry, I don't think that is accurate.

Quoting wikipedia:

"[Friedman] claimed that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of the banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businessmen could not get new loans and could not even get their old loans renewed, forcing many to stop investing."

Intervening to prop up failing banks and creating money to buy bonds? Sounds a lot like... TARP.