Jul 24 2008
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Bush: “Wall Street Got Drunk…”
This is how Bush explained the current economic downturn to a private fundraiser last week.
“There’s no question about it,” Bush said. “Wall Street got drunk, that’s one of the reasons I asked you to turn off the TV cameras. 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.”
The remark was made at a closed-door fund raiser for Republican Pete Olson. No cameras were allowed in but an ABC affiliate in Houston somehow acquired the video and posted it on YouTube.
Ironically, just last week Bush voiced fears about YouTube moments such as this making it to the internet. After asking a room of 400 supporters gathered for a fund raiser in Tucson, Arizona to turn off their recording devices Bush said, “I don’t know a lot about technology, but I do know about YouTube.”
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