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Ahem. The West Bank is not theirs. Neither is Gaza.

Posted By: sm on 2009-01-08
In Reply to: Speaking of "geography". Israel only has that small - piece of land. -should be left alone.nm

So just how does that justify illegal settlements and settler violence against Palestinians in the West Bank?


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ONLY the Gaza Strip? Do you have an idea a tiny the Gaza Strip is?
Obiously not. Look it up online! And it is encircled by Israel in the East and by the Mediterranean Sea in the West. The Palestinians want also the Westbank, that Israel conquered from Jordan in the 1967 war.
My friends on the west

coast are still paying $4 a gallon for gas, as of Thursday, anyway.


I cannot plug in my television with antenna and get anything. If I do not have a cable connection I cannot get anything. The analog thing I just read in a publication Lockheed Martin provides to its employees. I have a friend who is an engineer there in Atlanta and he is always sending volumes and volumes of Lockheed stuff; so that is where my information came from.


Anti Gay (and USA) Protests to Hit Key West

I read a daily blog on Key West real estate and today's posting happened to be on a slightly different subject.


Apparently Fred Phelps and his minions are planning on a trip to Key West to demonstrate their hate of not only gay people but the USA.


Can we take them down as the terrorist organization they are yet? One of his cohorts is already down there:


====================================================


The Key West community will meet tonight to decide whether -- and if so, how -- to respond to a nationally infamous man who hates homosexuals.


The Rev. Fred Phelps, head of the Westboro Baptist Church in Kansas, is scheduled to be in Key West on May 22 to protest the Gay/Straight Alliance at Key West High School. Phelps also is planning to demonstrate at the entrance to the island, in front of Sigsbee Park and at B'Nai Zion synagogue, according to a letter Phelps' daughter sent to Police Chief Donie Lee.


The group is planning an outdoor demonstration "regarding the judgment of God with respect to the dangers of promoting homosexuality, and the rest of the filthy manner of life and idol worshipping in this country," the letter states. The city does not require a permit for such assemblies.


Phelps' church is not recognized by mainstream Baptists and is monitored by the Anti-Defamation League as a hate group. His "church" comprises mostly his family members, about 60 of whom are said to protest three times a day, with signs that read, "God Hates Fags" and other anti-homosexual slurs. The church also protests at military funerals, claiming the deaths are the result of America's tolerance of homosexuality.


The Rev. Joe McMurray, pastor of the gay-friendly Metropolitan Community Church, where tonight's meeting will be held, said he does not think that Anthony Charles Capo Jr., who often holds a sign that says "God Hates Fags.com" on Key West street corners, is formally connected with the Kansas group.


Meeting organizers will solicit ideas from community members and law enforcement officials, said McMurray. The gathering will include the police chief, Schools Superintendent Randy Acevedo and some city commissioners.


"We can come together and decide if there will be a response, and what it would be," McMurray said. "We'll also hear from law enforcement to see what they prefer in the interest of public safety."


The Police Department is developing an operational plan for Phelps' demonstration, but Lee emphasized that the general public should ignore Phelps.


"I know it's difficult and I know, firsthand, that it's an emotional issue, but as far as I'm concerned, that's the way to deal with it," said Lee, who is gay. Any demonstrations from counter-protesters would only make it more difficult for officers to keep the peace, Lee said.


Phelps' First Amendment rights allow him and his followers to express their opinions, and the police cannot arrest them for doing so.


Lee explained that if someone says something that directly creates a public safety issue, then the situation changes. He used the example of someone yelling "fire" in a crowded theater as an example that would jeopardize public safety and therefore be an arrestable offense.


"Short of that, people have the right to express their opinion," Lee said.


McMurray said he does not know what prompted Phelps to target the high school group in a town known for its acceptance of gay, lesbian, bisexual and transgendered people, and its official motto of "One Human Family."


"I don't know if anybody has the 'why' behind Fred Phelps," McMurray said. "He wants to come disrupt, create unease and disturb the peace in a peace-loving community, and he raises money by suing municipalities who violate his civil rights during protests. He intimidates communities."


McMurray and others hope to hear ideas that would turn Phelps' protest into something positive for the community. One option would be a fundraiser for every hour that Phelps is here. People could make an hourly pledge to local charities such as AIDS Help and the Gay and Lesbian Community Center, so the longer Phelps remained in town, the more money he would help raise for gay-friendly service organizations.


"This cannot be personal," said McMurray, who is gay. "Once it becomes personal, we're operating on his level."


J.T. Thompson, a graphic designer who founded the "One Human Family" movement, emphasized that confrontation with Phelps and his group will not serve any purpose.


"This guy earns a living making confrontations happen," Thompson said. "It will be a good day in the fact that we can unite people here. The meeting will gather input to unite the community in a peaceful, positive and loving response."


And I don't suppose "Great White West"
@
After living on the west coast my whole life
Mississippi is like a foreign country to me!
ahem

h-o-w-s  t-h-a-t   r-e-c-o-r-d  d-e-a-l  c-o-m-i-n-g?


 


Ahem. I just disagreed with him....
100%. Go figure.
Hey....Ahem....and friend Lurker...
another cut and paste for you. Please pay special attention to the portion regarding Mr. Clinton and how he made the focus of his presidency regime change...so much so he signed it into LAW. So it wasn't just the big bad Bushes....your fav prez Mr. Clinton signed into LAW in 1998, American policy for regime change in Iraq...OH SAY IT AIN'T SO....but you didn't read THAT in the CNN article did you??? Typical, typical...typicallll.

The Act found that Iraq had, between 1980 and 1998 (1) committed various and significant violations of International Law, (2) had failed to comply with the obligations to which it had agreed to following the Gulf War and (3) further had ignored Resolutions of the United Nations Security Council. The Act declared that it was the Policy of the United States to support regime change. The Act was passed in the House [2] and Senate [3] and signed into law by the US President Bill Clinton on October 31, 1998. Its stated purpose was: to establish a program to support a transition to democracy in Iraq. Specifically, Congress made findings of past Iraqi military actions in violation of International Law and that Iraq had denied entry of United Nations Special Commission on Iraq (UNSCOM) inspectors into its country to inspect for weapons of mass destruction. Congress found: It should be the policy of the United States to support efforts to remove the regime headed by Saddam Hussein from power in Iraq and to promote the emergence of a democratic government to replace that regime. On December 16, 1998, President Bill Clinton mandated Operation Desert Fox, a major four-day bombing campaign on Iraqi targets.

Can we let this regime change stuff drop now??
Ahem...that was due to what was done in Congress during those years....
and you should really give credit where credit was due...there was a Republican majority in congress during most of Clinton's years as President and THAT is where all the changes are made, friend...in CONGRESS. So, on behalf of the Republican majority congress during the Clinton years, THANK YOU SO MUCH for endorsing the job they did, but please to give them the credit along with Mr. Clinton for all those years of prosperity you enjoyed.

I really love the way you paint it with such a broad brush...like Bush in and of himself could do any of those things. One man CAN'T. Congress is in the driver's seat. And the sound bite of most of the world not dependent on our good will hate us. And who would that be? France? They have ALWAYS hated us. It started right after we liberated their country during World War II and they immediately told us to get out. Yeah, the French, they loved us. Russia? Yeah, they realllyyy loved us. China? Wellll, they certainly loved Bill and Hill and the offshoring they did...google them and China some time for a real eye opener. Canada? Yeah they hate us, until they need to come here for medical care they can't get in their own country because of socialized medicine. Exactly what countries loved us before Bush and hate us now?

If you really want it back like it was in Bill's time, let's elect a Republican Congress. You will have it back then. And it really doesn't matter as much who is President...it matters who has the majority in Congress. And what pray tell has the Democratic majority done since they have been in office? Zip, zilch, nada as far as I can see. All those promises they made? Not one have they met. Why are you not posting about that?
AHEM - MY BABY HAD NO BRAIN. sm
It was totally 100% incompatible with life, so don't give me that bull**t about the health vs murder argument.

You are a cold-hearted SOB if you think I aborted for any other reason.
Ahem...I just heard "O" as you guys like to call him...
state that McCain told him on the call that he was going to suspend is campaign and asked him to do the same, to which "O" said he responded that his campaign would talk to McCain's campaign. So I fail to see why he is saying he didn't expect the announcement.

Again with the lying. Obama has lied (or flipped or whatever you want to call it) as many times as McCain has. Let's get real here.
Speaking of terrorists...ahem....I mean pubs....(sm)

which one was it that was comparing the pub party to the Taliban....as insurgents...LOL.


Oh yeah...that was Pete Sessions.....


http://video.google.com/videosearch?hl=en&q=sessions%20taliban&um=1&ie=UTF-8&sa=N&tab=wv#


Ahem....I couldn't care less how many times Clinton...
"had a cigar" with Lewinsky. As a "values" voter, my problem was that he lied before the grand jury (and what he lied ABOUT has nothing to do with it) and that is a felony. He is an attorney, for pete's sake, he fully KNEW he was committing perjury. If he had an ethical bone in his body he would have resigned. Not sure who you are referring to with the other issue...Rudy Guiliani maybe? So far as I know he has not committed any felonies. He is not my guy at this point and probably will not be, but it would not be because he had a mistress...it would be because he is not pro life.
Gaza Strip
















Israel renews Gaza attacks.


The Jewish state launched about 100 strikes on the Gaza Strip on Saturday.














 


Hamas live in Gaza.
That makes them civilians, too, the same way our elected officials are also citizens and live in their respective states. If living in their own houses in their own neighborhoods is "hiding," then that statement is accurate.
This is a lie. They live in Gaza. They don't hide there.
They were democratically elected into power, defeating the Fatah party, which retains its majority in the West Bank, but Hamas has won elections there, too.

The majority of the people in Gaza live in the squalor of refugee camps under the iron fist of their hostile occupiers who imposed an apartheid police state and enforce blockades of basic supplies such as food, medicine and MONEY. This strangles their economy and starves their people. Israel was supposed to lift the blockade as part of the cease fire conditions. They have had since June to do this and by the time the cease fire expired on December 19th, they had not done so and had no intention of doing so. THAT is why the cease fire did not hold. Surprise, surprise. More lies and broken promises from Israel, only these particular lies are creating deadly and fatal conditions for the entire population in Gaza. Can you say genocide? It's a war of attrition at the hands of Israel and sanctioned by the United States.

They do not hide behind women and children. The population in Gaza supports the resistance to the blockade, since they and their children are the ones who are being slowly starved to death. That's why they elected Hamas. An occupied population which has been invaded repeatedly, blockaded, has the highest unemployment rate in the world (Gaza at 45%), has no medical supplies and is on the verge of starvation tend to arm themselves and band together against their common enemy. It's human nature to do so. This is not about anything more than simple survival for them.
Yeah, and Isreal took its own out of Gaza, yet
nm
Israel felt pulling out of Gaza was okay. sm
Oh, okay, that explains all those wailing Jews being forcefully removed from their homes of 30 plus years.  Glad you cleared that up.  Your statement is ridiculous.  But then, they all are.  Gosh, your lying comment is getting really old.   Does anyone else think so?
I can't believe there are those who believe the 8000 peole in the Gaza strip should
occupy one-third of the land, while the other 1 MILLION people live in the other two-third.

Granted, I'll concede that I have not followed it except that I know the land is sacred, but the settlers themselves should be able to see the unfairness in this.

I think it was a standup think for the Israeli president to do from where I'm sitting.
You might want to check out the thread about Gaza before gloating about that. nm

'trying to take Gaza from Israel is wrong?'
In what century are you living? It was already given to the Palestinians by the Israelis. The area is recognized internationally as part of the Palestinian territories.
What happened in 1948, when the Israelis took Palestine from the Palestinians?
The name "Palestine" comes, via Greek and Latin, from the Philistines; see History of Palestine.

The Palestinians were in Palestine, called the Philistines, BEFORE the Israelis came along from Egypt!

If I were you I would exchange the Bible for a history book and brush up on your history. Read also about the 1957 war!

Also: Give me 1 example, only ONE that what is written in the Bible is true!
'trying to take Gaza from Israel is wrong?'
In what century are you living? It was already given to the Palestinians by the Israelis. The area is recognized internationally as part of the Palestinian territories.
What happened in 1948, when the Israelis took Palestine from the Palestinians?
The name "Palestine" comes, via Greek and Latin, from the Philistines; see History of Palestine.

The Palestinians were in Palestine, called the Philistines, BEFORE the Israelis came along from Egypt!

If I were you I would exchange the Bible for a history book and brush up on your history. Read also about the 1957 war!

Also: Give me 1 example, only ONE that what is written in the Bible is true!
If Netanyahu continues to bomb Gaza,
then Obama has to do some action, words are not enough anymore regarding this conflict.
Most probably Obama, as he is a wise guy, he will curtail US' financial and weapon support to Israel.

Obama will not start the bombing and he will not torture.


Israel rams humanitarian aid boat destined for Gaza

http://uk.news.yahoo.com/18/20081230/twl-israeli-patrol-boat-collides-with-ai-3cd7efd_2.html


Bloody butchers block 3 tons of medical supplies being transported to Gaza to help prevent severely injured Palestinians from becoming fatalities due to lack of medical supplies resulting from ongoing Israeli blockade of Israel.  People who could be stabilized with provisions as basic as electrolytes, antibiotics, bandages, etc are being turned away from hospitals and left to die in the street.  Dead bodies are being returned to the family to be taken home due to inability to prepare them for burial.   Wonder how many Hamas were hiding out on that boat?  Yesiree, our tax dollars are hard at work once again.   


Condi lies through her teeth in her 1-minute Gaza statement.

"Hamas has held the people of Gaza hostage "ever since their illegal coup" against the forces of (Palestinian Authority) President Mahmoud Abbas."  In the AP report, they attempted to scour this lie by stating that Rice pinned the blame for the violence on Hamas, the Islamist Resitance Movement that "seized power" in Gaza in June 2007 after "ousting" the US-backed Palestinian Authority of Mahmud Abbas.  Neither statement even remotely resembles the truth. 


Hamas won control of 28 municipalities in both the West Bank and Gaza in the municipal elections of 2005, including control in the West Bank's largest cities (Nablus, Jenin, Ramallah and East Jerusalem).   They achieved a stunning victory in the legislative elections in 2006,  which yielded a yielded a 78% voter turnout.  Hamas won 76 out of 132 seats on the Legislative Council.  Factoring in the 4 seats won by independents who support Hamas, they seized 80 seats, giving them control of 60.6% of the council.  In other words, they did BETTER than the US democrats in 2008. 


Hamas benefited in the election from the fractures in the secular, US-backed (kiss of death) Fatah party of Mahmoud Abbas.  Fierce in-fighting between Hamas and Fatah factions erupted in the election aftermath.  Israel and the US (along with Egypt) immediately tried to undermine Hamas and force them from power, even going so far as to arm and train Fatah for a war with Hamas!  They hatched a plot that involved smuggling US arms for Fatah strongholds in Gaza through a suddenly porous Egyptian border with Israel's blessing.   


As with countless other ill-advised US attempts to rearrange the political landscape in the Middle East, this stunt backfired all over the place.  When this engineered conflict erupted later in the summer, Fatah and Hamas officers and leaders (including Abbas) were targeted by their respective militia's opponents.  Things got really nasty and Abbas HIMSELF dissolved the Palestinian-Hamas unity government, declared a state of emergency, tried to dismiss the prime minister and declared himself ruler of Gaza by presidential decree.  Can you say US-backed coup?  Of course, this went over like a lead balloon with the newly elected Hamas leadership.


Ultimately, this led to the current division of government between Gaza (Hamas) and the West Bank (Palestinian National Authority), who the US and EU normalized relations with and began sending direct aid.  Abbas relocated to the West Bank and is still the President of the Palestinian National Authority.  In the meantime, he has found it increasingly more difficult to sustain the more moderate status quo support of US-brokered peace initiatives with Israel in view of the absence of such during Bush's second term.  He has announced he will not run for office again at the end of his current term.  In May 2008, he stated he would resign if Condi's impotent so-called peace talks did not produce results within 6 months.  In July, he spoke not only of resigning, but also of dismantling the Palestinian Authority all together. 


As a footnote, Gaza is held hostage by Israel occupation of Palestine and its 18-month blockade, which Condi failed to mention in her statement this morning, not by their democratically elected representatives. 


http://www.guardian.co.uk/commentisfree/2007/jun/16/israel.comment http://www.ynetnews.com/articles/0,7340,L-3412813,00.html


http://www.nytimes.com/2006/02/14/international/middleeast/14mideast.html?_r=2&ei=5094&en=d28cff5caa1702fa&hp=&ex=1139979600&partner=homepage&pagewanted=print&oref=slogin


http://www.csmonitor.com/2007/0525/p07s02-wome.html


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/12/14/MNGIPMV3N61.DTL


http://www.timesonline.co.uk/tol/news/world/middle_east/article640747.ece


http://www.haaretz.com/hasen/spages/806603.html


wicked witch of the west...I'm melting, melting...ohhh what a world...
what a world. Who would have thought that some little girl like you could destroy my beautiful wickedness.....


OHHHHH, no...I'm going....oohhhh...oohhh..

hissss......steam rises.....hissssss



End of the year 2008 a total of 1.073 Palestinians were killed in Gaza and over 4,000 injured.
It is also a historical fact that the Palestinians were the FIRST to populate the Holy Land and that the Palestininas were driven from Palestine 1948, and again in the 1967 war Arab land went to Israel.

In the year 1993 the Palestinians concentrated in the 'Gaza Strip', this is a tiny, tiny land strip where 1.5 million Palestinians are living under horrible circumstances and in fear of Israeli attacks.

November 2008 Israel invaded Gaza and massacred Palestinians living there and the whole world condemned this act.

This is history!
what exactly is a bank run?
x
Check your bank.........
A financial advisor on the Today Show this morning warned all Americans who have more than $100,000 in the bank, to shift their money to other banks that are FDIC insured. The FDIC only insures up to $100,000 per person. That does not mean different accounts within the same bank or different branches of the same bank. DIFFERENT insured banks. I, myself, do not have to worry about this as I don't even have a fraction of that, but I find the fact that this advisor felt the need to come on the air and spell it out very telling. She also said your bank will tell you that you just need to create more than one account within the same bank - NOT TRUE. She also said to watch the stocks of your bank - if stock prices continue to fall - get the he11 out!  BTW, greed is a sin, eh?
And our bank accounts are

in such wonderful shape today, right?


We now live in a fascist society where the Bush government is buying the banks.


Socialism would be a giant step forward.


Bank of Obama

 Because everyone deserves a bailout!


http://www.bankofobama.org/


Bank of America to cut 35,000 jobs.......sm
over the next 3 years.  Weren't they the ones who put money in your savings account every time you made a purchase? 

http://www.reuters.com/article/topNews/idUSTRE4BA6ZD20081211?feedType=RSS&feedName=topNews
The feds should use the bank & Wall St.
Then put a lien on, and sell, their fancy mansions in upstate NY, their yachts, their Mercedes, etc.  Let their kids to go public school instead of fancy private ones.   They're the greedy ones who got us into this mess, let THEM pay for it, not us.
If it's a felony to incite a bank run, then
shouldn't these people on Wall Street be prosecuted?  After all, if they hadn't done what they did to the economy, then we wouldn't have to withdraw our money.
Yeah! Could I rob and bank and claim to be
nm
What is the bank bail-out if not socialism? s/m
Maybe you'd have better luck with your employees if you gave them a raise.  If you have a profit margin that allows you to give them a 25% bonus, surely a 10% raise wouldn't cause you to suffer too much.
Bank executives will be getting bonuses
and we are fighting over crumbs and religion.
"Central international bank" = sm
One-world currency. Interesting.
Who benefited from the bank bailout?

Wall Street, Citigroup, AIG, Fannie May/Freddie Mac, the car companies.


I don't want a check either but wouldn't be nice if they would give us the money instead of coming up with all these carppy bogged down packages?


What would you do if they would give us $30K or more?  That would probably cost less than what they are proposing and you know darn well, that money would go into the economy faster than their plan.


 


I was speaking about bank bailouts
not the stimulus. Two different things.

Since the banks are crying that they are losing money because of people not paying mortgages, etc., would it not make sense to boost them back up by providing the money THEY ARE GOING TO GET ANYWAYS to the homeowners first and therefore killing two birds with one stone?

Or no, lets just throw more money at them with no stipulations and no rules and bend over and continue to take it while they go on another vacation and laugh all the way to the bank. That definitely makes more sense.

Since people who rent aren't involved with the mortgage/bank crisis, no they would be left out of this one. But like Zville posted, they could be covered under the stimulus side of this "economic relief" that's being proposed.

How does it not tick you off that all the businesses are getting a bailout and "infusion" of cash but the average citizen is still going to suffer for the next two or three years?


Wanda on the bank bailout
http://www.youtube.com/watch?v=KADr2KG5aso
The surplus also followed him out eh? We know because it's now in the bank accounts of the rich.
A lot of people made a lot of money during the Clinton years - that's real money, honey, and they're still rich, accounting for our current revenues. Without the Clinton boom years your president's buds (and your president himself, let us remind you) wouldn't have gotten their 100,000 tax break checks. Sure, the boom couldn't hold, but the point is that the favorable conditions created by a sounder Democratic fiscal policy allowed that boom to come about.

Now all we have is empty coffers, slashed public spending, and China owns us. Big improvement huh? Oops, but people like Frist are still getting over big time on their big time stock trades - all's clear in the upper 1% But since you likely aren't in it, it's hard to see what you find so appealing about being a credit slave one paycheck away from poverty. Is that working out good for you?
No need to wonder...current mortgage bank crisis...
brought to you courtesy of greedy democrats on Congress and greedy Democrats at the top of Fannie Mae. The handwriting is on the wall. This one's on you. McCain saw it coming in 2005 and the dems shut him down. Well, we are reaping what they sowed. To quote Toby Keith...how do you like them now?
Bank Bailout Facts (2-min. video)
http://www.youtube.com/watch?v=68JUWYEc0Fg&feature=related 
Bank Bail Out True Facts
 
Everyone and their mother withdraws their cash from the bank.
dd
No, not at all. But, leaves the bank with no money to loan.
dd
World Bank computer hacked
I don't believe for one minute the computers were hacked by some kids just trying to do it.  I find it very disturbing this originated in China.  Why haven't we been told about this before now, a year later?   This is China's government doing this.... When will we ever learn our lessons and stop doing business with communists countries.  We buy all their crap, because we are indebted to them to the tune of trillions of dollars, and they buy nothing from us.  Now there's fair trade at its best!!  Of course, what happens when you are indebted to someone/somthing?  You kiss their butts!!!!!!
Fed approves Chinese Bank CCB to open in US

Am I the only one who finds this scary?


Fed approves Chinese bank CCB to open office in US


Mon Dec 8, 5:15 pm ET


WASHINGTON (AFP) –– The US Federal Reserve said Monday it had authorized China Construction Bank, a leading Chinese state bank, to operate in the United States.


The proposed New York City branch of CCB "would engage in wholesale deposit-taking, lending, trade finance, and other banking services," the Fed said in a statement.


The US central bank recalled that China Construction Bank Corporation (CCB) is 57.0 percent owned by the Chinese state, 19.7 percent by US banking group Bank of America and 5.7 percent by Temasek Holdings, a sovereign wealth fund owned by the government of Singapore. The remainder of the capital is publicly traded.


CCB is the second-largest bank in China, with total assets of approximately 1.1 trillion dollars, it noted.


The Fed said it had determined that CCB had adequate anti-money laundering safeguards and had committed to respect US laws on money laundering.


CCB's own funds exceed the minimum set by the 1998 Basel Capital Accord and "is considered equivalent to capital that would be required of a US banking organization," the US central bank said.


CCB would be the fourth mainland Chinese bank -- excluding banks in Hong Kong -- to open operations in the US, after the Agricultural Bank of China, the Bank of China and the Bank of Communications.


The Industrial and Commercial Bank of China (ICBC), China's top bank, also has asked the Fed for authorization to open a branch in New York.


http://news.yahoo.com/s/afp/20081208/pl_afp/uschinabankregulatebankingcompanyccb


GW started socialism with the bank bailout..
So go fry your baloney.
After seeing what happened when the last administration's bank bailout.....
There has to be some oversight somewhere! The banks can't/won't tell us what happened to the money...........
Greenspan Backs Bank Nationalization

by: Krishna Guha and Edward Luce, The Financial Times


photo
Former Chairman of the Federal Reserve Alan Greenspan has come out in favor of nationalizing some banks. (Photo: Reuters Pictures)




    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 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.


    "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."


    Mr Greenspan's comments capped a frenetic day in which policymakers across the political spectrum appeared to be moving towards accepting some form of bank nationalisation.


    "We should be focusing on what works," Lindsey Graham, a Republican senator from South Carolina, told the FT. "We cannot keep pouring good money after bad." He added, "If nationalisation is what works, then we should do it."


    Speaking to the FT ahead of a speech to the Economic Club of New York on Tuesday, Mr Greenspan said that "in some cases, the least bad solution is for the government to take temporary control" of troubled banks either through the Federal Deposit Insurance Corporation or some other mechanism.


    The former Fed chairman said temporary government ownership would "allow the government to transfer toxic assets to a bad bank without the problem of how to price them."


    But he cautioned that holders of senior debt - bonds that would be paid off before other claims - might have to be protected even in the event of nationalisation.


    "You would have to be very careful about imposing any loss on senior creditors of any bank taken under government control because it could impact the senior debt of all other banks," he said. "This is a credit crisis and it is essential to preserve an anchor for the financing of the system. That anchor is the senior debt."


    Mr Greenspan's comments came as President Barack Obama signed into law the $787bn fiscal stimulus in Denver, Colorado. Mr Obama will announce on Wednesday a $50bn programme for home foreclosure relief in Phoenix, Arizona. Meanwhile, the White House was working last night on the latest phase of the bailout for two of the big three US carmakers.


    In his speech after signing the stimulus, which he called the "most sweeping recovery package in our history", Mr Obama set out a vertiginous timetable of federal decisions in the coming weeks that included fixing the US banking system, submission next week of the 2009 budget and a bipartisan White House meeting to address longer-term fiscal discipline.


    "We need to end a culture where we ignore problems until they become full-blown crises," said Mr Obama. "Today does not mark the end of our economic troubles… but it does mark the beginning of the end."