Wednesday, February 18, 2009

Greenspan: Nationalize The Banks

I am not as high on nationalization as the article appears to be. Still think we need an "exit strategy" but ....Greenspan: Nationalize The Banks: "Alan Greenspan has jumped on the bandwagon.(Okay, Greenspan doesn't have the power to implement this solution, but he used to).Importantly, Greenspan also suggested that bondholders should take a hit--which they should. In typical Greenspan fashion,

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