When a champion of the free market like Alan Greenspan starts to advocate the nationalization of banks, you know you are in trouble.  Since we have his blessing, let’s cook up our very own Recipe For Disaster.

Certain industries simply need to be nationalized. But for different reasons. Industries such as the auto industry, which is dominated by a handful of large companies and which employ large numbers of people, need to be nationalized simply to stem the lay offs. These industries are no longer viable in size but an instantaneous downsizing

When a champion of the free market like Alan Greenspan starts to advocate the nationalization of banks, you know you are in trouble.  Since we have his blessing, let’s cook up our very own Recipe For Disaster. 1. Create a bad bank. This entity will buy the non performing assets from the banks. 2. Create

  Certain industries simply need to be nationalized. But for different reasons. Industries such as the auto industry, which is dominated by a handful of large companies and which employ large numbers of people, need to be nationalized simply to stem the lay offs. These industries are no longer viable in size but an instantaneous

As Asian consumers were saving and US consumers were spending, and the current accounts got all imbalanced, and also the capital accounts (as they must do if the current account is imbalanced), what were the US investing in with all that foreign capital?