TRVTH
Daily observations of TRVTH in the real world.
Friday, February 20, 2009
Nationalize
It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring. I understand that once in a hundred years this is what you do.
-- Former Fed Chair Alan Greenspan, Financial Times, February 2009
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring. I understand that once in a hundred years this is what you do.
No comments:
Post a Comment