Alexander: Socialists Say Nationalize All U.S. Banks (tags)
Former Federal Reserve Chairman Alan Greenspan thinks it’s necessary to temporarily nationalize some banks. Federal Reserve Chairman Ben Bernanke in recent statements has indicated that the nationalization of some banks may be necessary under certain conditions, and many economic analysts believe nationalization is only a matter of time; however, socialists nationwide say nationalization of all U.S. banks is now necessary to achieve a national economic recovery.
MP3 Audio: Interviews with Indymac Customers (tags)
SANTA MONICA, July 16, 2008 – The run on Indymac Bank, continued into its third day today. The branch on Wilshire Blvd in Santa Monica has started issuing numbers to customers wanting to withdraw money from their accounts. Today, the doors to the bank were guarded by two security agents. Customers were only allowed entry when their number was called. On arrival this reporter saw ticket #516 issued to a woman from Marina Del Rey who wanted to close her account and move her savings to another bank. When leaving the scene the bank mangers were calling ticket number 209