Bush at private event: ‘Wall Street got drunk’
President offers his explanation for the housing market’s meltdown
23 July 2008
23 July 2008WASHINGTON - President George W. Bush has an explanation for the housing-market meltdown that has thrown the global economy into turmoil: Wall Street got drunk.
“There’s no question about it. Wall Street got drunk,” Bush said at a private event in Houston on Friday. “It got drunk and now it’s got a hangover. The question is, how long will it sober up and not try to do all these fancy financial instruments?”
Bush’s comments were recorded on a cellular telephone camera and posted to the YouTube Internet site on Tuesday. (Continued)
“There’s no question about it. Wall Street got drunk,” Bush said at a private event in Houston on Friday. “It got drunk and now it’s got a hangover. The question is, how long will it sober up and not try to do all these fancy financial instruments?”
Bush’s comments were recorded on a cellular telephone camera and posted to the YouTube Internet site on Tuesday. (Continued)
Labels: Bush, United States
posted by HRM Deborah of Israel and the Messenger of Peace at 7:02 AM
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