Thursday, February 19, 2009

Alan Greenspan: The Oracle Or The Master Of Disaster?

This reminds me of the old saying " there are no atheists in foxholes".


Alan Greenspan: The Oracle Or The Master Of Disaster?: "Most recently, Greenspan's ideological journey has taken an abrupt left turn. On February 18, the Financial Times reported that the one-time libertarian devotee of Ayn Rand now thinks the government might be best advised to take over 'lemon' banks. 'It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring,' he said in an interview."

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