Barack Obama

[TracyCoxx]

Originally Posted by randolph

But in the general amazement, it's important not to lose sight of the fact that Alan Greenspan is not just one of the last people on earth I would have expected to endorse nationalization. He's also one of the people most responsible for the calamity that makes nationalization necessary (though as Yves Smith reminds us, he is not alone.)

Greenspan says it's necessary to temporarily nationalize some banks. And says "I understand that once in a hundred years this is what you do."

As for his responsibility in the calamity. What did he do? Force Freddie and Fannie to make loans available to people who couldn't afford them? No... that was Carter & Clinton.