“Comrade Bush is nationalising banks. Now Bush is to the left of even me. The capitalist model has no salvation, Lehman Brothers, Morgan Stanley, Merrill Lynch, these gentlemen for 10 years have been saying Venezuela would go under. And boom! They go under.”
– Hugo Chávez, Marxist president of Venezuela, quoted in Australian Financial Review, October 17, 2008.
– Robert Leeson, adjunct professor of economics at Murdoch and Notre Dame Universities, Australia, visiting fellow at Stanford University, quoted in Australian Financial Review, October 17, 2008.
Astounded that the international financial markets could not regulate themselves, former US Federal Reserve Board Chairman, Alan Greenspan, told a US Congressional committee, “Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity – myself especially – are in a state of shocked disbelief.”
– Quoted in Forbes.com, October 24, 2008.
