“They should have wiped out the shareholders, nationalized the institutions with legislation that they are to be reconstituted — with necessary taxpayer support to make them financially viable — as five or ten individual privately held units” to eventually be sold to investors. — Former Federal Reserve Board Chairman Alan Greenspan, offering after-the-fact criticism of the legislative response to the Fannie Mae/Freddie Mac crisis. Greenspan was quoted in The Wall Street Journal on August 14 and again on August 15.