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]
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2 comments:
When's the last time the government started any program that was "Temporary"?!?
The Tennessee Valley Authority (TVA) has outlived it's original commission by some five decades or more.
I see the TVA no longer exists - NOT!
Well... one could argue that the Constitution turned out to be temporary. Tragically.
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