Wednesday, February 18, 2009

Pan Greenspan Joins Pan Cogito In Calling For Temporary Nationalization Of U.S. Banks And Opera Houses

"Alan Greenspan, the former chairman of the Federal Reserve, told The Financial Times on Tuesday that short-term nationalization of some United States banks might be the “least bad solution” for the nation’s banking crisis.

“It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring,” he told the newspaper before a speech to the Economic Club of New York. “I understand that once in a hundred years this is what you do.”"



On Tuesday, the U.S. Treasury Department released data showing that lending at banks that received government funds had declined.


Germany moves toward bank nationalization


The operas by Belarussian composers

Victor Copytsko Dark blue Beard and His wives 2006 russian

Sergei Kortes The Lady's Visit 1995 russian

Sergei Kortes Jubilee 2002 russian

Viatcheslav Kuznetsov The Notes of a Madman 2005 russian

Vladimir Soltan King Stakh's Wild Hunt 1989 belorussian


Header photos: (c) Darriuss Royce 2008. Copyright controlled. All rights reserved. Via flikr. With thanks.

English: Reconstruction of National Academic Opera and Ballet Theatre. Minsk, Belarus, Future European Union.

Беларуская: Рэканструкцыя Нацыянальнага акадэмічнага Вялікага тэатру опэры і балету. Менск, Беларусь. (c) Hanna and Eugene Zelenko 2006. Via Wikipedia Commons. With thanks.


With thanks to Oleg -- Minsk, Ukraine, Future European Union.


Blogger JW said...

Don't know any Belorussian music. Sounds fascinating.

I think we both know that a radical usurpation of assets through nationalization is never temporary in the eyes of any government. I particularly would not want this administration in charge of banks.

8:10 AM  

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