Tag Archive for Greenspan

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Capitalist Bitch Slap – Nationalizing Banks

Banks have failed in the Free Market.  Both Paulson and Greenspan (an avowed Ayn Rand disciple) have admitted this.  For a “free market” to be a Free Market, the market participants (banks in this case) must act Rationally.  Acting Rationally means looking at the viability of the business in the long term, avoiding actions which…