Continuing his descent into pragmatism-induced insanity, Alan Greenspan is suggesting that "temporarily" nationalizing the banks is the least bad option open for dealing with the credit crunch.
I don't know whether ex-Fed Chairman Greenspan is simply a morals-blind technocrat or trying desperately to cover up his blunders. I don't know whether he is vicious or simply senile.
I do know he is wrong.
Any other comment would entail a long string of obscenities, so I'll leave it there.
[Hat tip: Gods of the Copybook Headings]