{"id":192809,"date":"2009-02-18T00:05:00","date_gmt":"2009-02-18T05:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/18\/hell-freezes-over\/"},"modified":"2009-02-18T00:05:00","modified_gmt":"2009-02-18T05:05:00","slug":"hell-freezes-over","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/18\/hell-freezes-over\/","title":{"rendered":"Hell Freezes Over"},"content":{"rendered":"<p>Yes, Alan &#8220;Bubbles&#8221; Greenspan is now saying that <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/e310cbf6-fd4e-11dd-a103-000077b07658.html?nclick_check=1\">bank <del>nationalization<\/del> deprivitization is likely the least bad solution to the banking crisis<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said nationalisation could be the least bad option left for policymakers.<\/p>\n<p>\u201dIt may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring,\u201d he said. \u201cI understand that once in a hundred years this is what you do.\u201d<\/p><\/blockquote>\n<p>This from a close friend, and acolyte of, Ayn Rand.<\/p>\n<p>Hint to Geithner and Summers, when Alan fracking Greenspan says it&#8217;s time to nationalize, <span style=\"font-weight: bold;\">it&#8217;s time to nationalize<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, Alan &#8220;Bubbles&#8221; Greenspan is now saying that bank nationalization deprivitization is likely the least bad solution to the banking crisis: In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said nationalisation could be the least bad option left for policymakers. \u201dIt may be necessary to temporarily &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985,1164],"tags":[],"class_list":["post-192809","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation","category-teotwawki"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192809"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192809"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}