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Alan Greenspan, former Federal Reserve chairman said that the U.S. government may have to nationalize some banks temporarily.
Mr. Greenspan stated: "It may necessary to temporarily nationalize some banks in order to facilitate swift and orderly restructuring." He also said: "I understand that once in a hundred years this is what you do."
Republican senator from South Carolina, Lindsey Graham, said: "We cannot keep pouring good money after bad. [...] If nationalization works, then we should do it."
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