"There is no question, about it. Wall Street got drunk...that's one reason I asked you to turn off TV cameras...he's got drunk and now it's got a hangover, the question is, How long will it sober up and try not to do all these fancy financial instruments?"
- George W. Bush, The Worst President Ever, whose administration was asleep at the switch as the most out of control fraud-enabled financial bubble in recorded human history raged, July 2008
July 28, 2008
It takes a drunk. Here's George W. Bush, The Worst President Ever, admitting now what we all knew years ago - "Wall Street got drunk"
Subscribe to:
Post Comments (Atom)
6 comments:
Asleep at the switch? They were tending bar.
Takes one to know one I guess...
Here's George Bush Drunk:
http://www.youtube.com/watch?v=J6886tFjz98
and today (or tommorrow) bush is gonna hand that drunk a case of beer, a funnel and a set of car keys.
I just wonder how much George Bush knew about the loan market . How many people would even think that lenders were making such bad loans and rating them AAA .
It would be self-defeating for Bush to want lenders to make bad loans and crash the economy in the final analysis .
I mean who would of guessed the Wall Street would of been crazy enough to make loans like this . The regulators didn't seem to stop it ,the borrowers and and realtors
kept the party going
Borrowers just usually don't buy
big ticket items that they can't afford ,unless they have nothing to lose ,and thats how real estate was sold to them . The real estate market turn into a mania .
Party on, Wayne!
Post a Comment