Greenspan Suggests Bank Nationalization

Motley Fool ^

[djf]

He runs them 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??

LMAO!!!

Somebody oughta get a rope!

[Major Matt Mason]

Not with this gang of criminals in charge. They'll have the nitwits at ACORN running the show.

[D-fendr]

Gee, sure. Greenspan’s always been right before..

[txnativegop]

Since when does the government assume temporary control of anything? The control will be permanent.

[oldbill]

How can you even understand what this muttering fool ever says anyway?

[ClearCase_guy]

Nationalize the banks.
Nationalize the car companies.
Nationalize the housing stock.
Nationalize health care.

I never thought we'd fall so fast.

[djf]

Well, he still has his supporters.

But then, so does Pol Pot!

[ikka]

Destroy it to save it, or whatever ...

[ravinson]

It’s hard to believe that Greenspan was once part of Ayn Rand’s inner circle. He’s been swimming in dark waters ever since he married Andrea Mitchell.

[Billthedrill]

I'd be willing to listen if (1) it really is temporary and there is a clear and binding path to re-privatization, and (2) that it really is something you might do once in a hundred years. I'd be skeptical of re-privatization under the current administration, however, that seems to want to absorb every private asset it can get its grubby mitts on. Given Greenspan's antecedents I'd love to hear him explain how he came to this conclusion.

[Semper Mark]

“...the least bad”...”the least bad”...!?

I'm assuming by that statement that anything that we do is
going to be bad.

Goverment control of anything is the “most bad” way forward, especially
in this “on going financial system collapse”.

[Lmo56]

Hey Al,

Guess you were right about “irrational exhuberance” ...

Too bad you didn’t have the kahones to stand up to Congress ...

Suck eggs - WEASEL!!!

[Beowulf9]

“Goverment control of anything is the “most bad” way forward, especially in this “on going financial system collapse”.

Unless you are the head of the government or his bootlickin’ buddy.

[Dallas59]

We need to nationalize his assets. Horse of a different color.

[djf]

Mr. Greenjeans was one of the primary architects of the “non-traditional mortgage products” flood.

We’re talking sub-prime here.

Thinking, as well as mortgages.

[Semper Mark]

“We need to nationalize his assets.”

Think Andrea Mitchell would kick him to the curb then?

[madamemayhem]

swift and orderly restructuring? the federal government? since when has the federal government ever done anything swiftly and orderly that was actually a good thing?

[KoRn]

I’m sure Greenspan has an acute mental disorder of some kind that is a result of seeing Andrea Mitchell without clothes too many times.

The poor old guy probably doesn’t even know where he is half the time, and probably thinks he’s a toaster.

[dragnet2]

Yeah, that's what we need, the government insiders taking total control of the banksters..

The same government that is not even capable of balancing a simple check book or budget.

[UCFRoadWarrior]

Greenspan is a Globalist....and Globalism is Liberalism with a little more money