Creeping Death
02-19-2009, 05:53 AM
Greenspan Suggests Bank Nationalization (http://moneynews.newsmax.com/streettalk/greenspan_nationalization/2009/02/18/182900.html)
Former Fed Chairman and longtime free-market icon Alan Greenspan now says nationalization of U.S. banks might be the “least bad” way forward in the ongoing financial system collapse.He runs Americas Banks into the ground by overextending them to the tune of hundreds of billions of dollars, throws "due diligence" down the drain, and now WANTS TO HAND IT OVER TO THE GOV TO RUN MORE EFFICIENTLY??
Somebody get a rope! Greenspan must swing!
Former Fed Chairman and longtime free-market icon Alan Greenspan now says nationalization of U.S. banks might be the “least bad” way forward in the ongoing financial system collapse.He runs Americas Banks into the ground by overextending them to the tune of hundreds of billions of dollars, throws "due diligence" down the drain, and now WANTS TO HAND IT OVER TO THE GOV TO RUN MORE EFFICIENTLY??
Somebody get a rope! Greenspan must swing!