Did you ever think you’d see this on the front page of the Financial Times?
Think back a year and a half before all this started. Hell, think back five months ago. Could you have imagined Alan Greenspan ever calling to nationalize the banks?
This post even has a soundtrack.
UPDATE:
Paul Krugman titles his post: “Comrade Greenspan: Seize the economy’s commanding heights!”
It's even stranger than that:
From that article
“We should be focusing on what works,” Lindsey Graham, a Republican senator from South Carolina, told the FT. “We cannot keep pouring good money after bad.” He added, “If nationalisation is what works, then we should do it.”
I think part of my head just exploded.
#1 Posted by murph, CJR on Wed 18 Feb 2009 at 01:18 PM
Great article. I think we could have avoided this financial calamity. I called it on my website at www.newyorkshockexchange.com
#2 Posted by Ralph, CJR on Wed 18 Feb 2009 at 10:58 PM