{"id":11328,"date":"2009-02-18T18:31:10","date_gmt":"2009-02-18T18:31:10","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/greenspan_backs_bank_nationalisation\/"},"modified":"2009-02-18T18:31:10","modified_gmt":"2009-02-18T18:31:10","slug":"greenspan_backs_bank_nationalisation","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11328","title":{"rendered":"Greenspan backs bank nationalisation"},"content":{"rendered":"<p>The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times.<\/p>\n<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>\u201d\u009dIt may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring,\u201d\u009d he said. \u201cI understand that once in a hundred years this is what you do.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/e310cbf6-fd4e-11dd-a103-000077b07658.html?nclick_check=1\">Read it all in the FT (subscription required)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times. In an interview, Mr<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11328\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,595,149,583,585],"tags":[],"class_list":["post-11328","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-credit-markets","category-economy","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11328"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11328\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}