David Begg wants all Banks Nationalised Like his Pal Alan Greenspan !

[Christine Murray]

Alan Greenspan 18/02/09:

FT.com / US / Politics & Foreign policy - Greenspan backs bank nationalisation

and David Begg agreed in the Times 22/02/09 :

All banks need to be nationalised - Begg - The Irish Times - Sun, Feb 22, 2009
Nationalization gains as an option | Philadelphia Inquirer | 02/19/2009

We all know who Greenspan is and we all know who Begg is, isn't this very interesting that they have so much in common ?

[jmcc]

We all know who Greenspan is and we all know who Begg is, isn't this very interesting that they have so much in common ?

Well Begg was on the board of the Central Bank when the Celtic Tiger bubble was happening. Greenspan was the head of the Federal Reserve.

Regards...jmcc

[Christine Murray]

Well Beggs was on the board of the Central Bank when the Celtic Tiger bubble was happening. Greenspan was the head of the Federal Reserve.

Regards...jmcc

How close everyone gets in a crisis. I know who Greenspan is but thought he
had long ago disappeared from view

[cyberianpan]

Indeed

Begg & Greenspan are two failed leaders who are responsible for the crisis

cYp

[drbob1972]

nationalising the banks would have a horrendous impact on our percieved national debit and potentially drive up the cost of credit considerably, however the realistic alternatives do seem thin on the ground

[jmcc]

Indeed

Begg & Greenspan are two failed leaders who are responsible for the crisis

I remember paying over 10K a year in phonebills while Telecom Eireann had a monopoly on Irish telcoms and Beggs was cheerleading for TE employees. I didn't particularly have any mercy for Begg and his pious platitudes then and I consider him part of the problem now. Greenspan was apparently a devotee of Ayn Rand and her "philosophy" - if you could actually call financial psychopathy a philosophy.

Regards...jmcc

[Christine Murray]

"It may be necessary to temporarily nationalise some banks in order to facilitate a
swift and effective re-structuring....I understand that once in a hundred years this
is what you do"

Sounds like a fairytale to me but sure Greenspan won't be around to see if if works,
if it only happens once a century.


Alan Greenspan - Wikipedia, the free encyclopedia

[drbob1972]

I remember paying over 10K a year in phonebills while Telecom Eireann had a monopoly on Irish telcoms and Beggs was cheerleading for TE employees. I didn't particularly have any mercy for Begg and his pious platitudes then and I consider him part of the problem now. Greenspan was apparently a devotee of Ayn Rand and her "philosophy" - if you could actually call financial psychopathy a philosophy.

Regards...jmcc

10K in phone bill's either thats a business or a serious sex-line addiction you had/have

[jmcc]

10K in phone bill's either thats a business or a serious sex-line addiction you had/have

Business. And this was back in the early days of the web in Ireland. I remember how the scum in TE and their politician pals tried to kill the web by stopping unmetered local calls.

Regards...jmcc

[Christine Murray]

I did a wiki search on Begg and he does not exist in the world of Wikipedia,
there are many Irish contributors I can only deduct from that that no-one
can be arsed starting a Begg Bio page.