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Bush at private event: ‘Wall Street got drunk’

07/23/2008 7:21:23 AM PDT · by Red in Blue PA · 66 replies · 94+ views
MSNBC ^ | 7/23/2008 | Reuters

WASHINGTON - 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?”

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