Hell Freezes Over

Yes, Alan "Bubbles" 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.

”It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring,” he said. “I understand that once in a hundred years this is what you do.”

This from a close friend, and acolyte of, Ayn Rand.

Hint to Geithner and Summers, when Alan fracking Greenspan says it's time to nationalize, it's time to nationalize.