TRVTH

Daily observations of TRVTH in the real world.

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Name: Don Appleman
Location: Zembla

Friday, February 20, 2009

Nationalize

Nationalize BanksIt may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring. I understand that once in a hundred years this is what you do.

-- Former Fed Chair Alan Greenspan, Financial Times, February 2009

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