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  • Davos chief: Use crisis to nationalize banks

    01/28/2009 6:42:47 PM PST · by luv2ndamend · 23 replies · 890+ views
    http://www.worldnetdaily.com ^ | January 28, 2009 | Jerome R. Corsi
    Leaders at economic forum see meltdown as chance to expand government controlNEW YORK – A call to utilize the current global economic crisis as a panic in which governments worldwide can move to nationalize banks is emerging from the 2009 World Economic Forum in Davos, Switzerland. The forum's founder, Klaus Schwab, told CNN yesterday the current global economic slowdown is a "transformational crisis" that should be utilized to shape a "new world." "Above all else this is a crisis of confidence," Schwab said. "To restore confidence you have to establish signposts that the world after the crisis will be different....