[youtube=http://www.youtube.com/watch?v=LFP58tQhOLY]

Reported in the FT.  Greenspan said:

”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.”

On the Back of Lindsey Graham’s comments this past weekend.  We may be staring down the barrel….