George W. Bush: “There is no question about it. Wall Street got drunk”


Talking about the financial markets and the housing mess, George W. Bush offered up these pearls of wisdom:

“There is no question about it. Wall Street got drunk…. That’s one reason I asked you to turn off your TV cameras….[Wall Street] got drunk and now it’s got a hangover……The question is, how long will it [take to] sober up and not try to do all these fancy financial instruments?”

-George W. Bush

He made his comment at a political fundraiser in Houston last Friday after he asked the audience to turn off their video cameras. One guest ignored him and recorded his comments on a cellphone.

See another clip here.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

  1. avatar Andrew Yu-Jen Wang says:

    Speaking of George W. Bush:

    George W. Bush committed hate crimes of epic proportions and with the stench of terrorism (indicated in my blog).

    George W. Bush did in fact commit innumerable hate crimes.

    And I do solemnly swear by Almighty God that George W. Bush committed other hate crimes of epic proportions and with the stench of terrorism which I am not at liberty to mention.

    Many people know what Bush did.

    And many people will know what Bush did—even to the end of the world.

    Bush was absolute evil.

    Bush is now like a fugitive from justice.

    Bush is a psychological prisoner.

    Bush has a lot to worry about.

    Bush can technically be prosecuted for hate crimes at any time.

    In any case, Bush will go down in history in infamy.

    Submitted by Andrew Yu-Jen Wang
    B.S., Summa Cum Laude, 1996
    Messiah College, Grantham, PA
    Lower Merion High School, Ardmore, PA, 1993

    “GEORGE W. BUSH IS THE WORST PRESIDENT IN U.S. HISTORY” BLOG OF ANDREW YU-JEN WANG
    ______________________
    I am not sure where I had read it before, but anyway, it is a linguistically excellent statement, and it goes kind of like this: “If only it were possible to ban invention that bottled up memory so it never got stale and faded.” Oh wait—off the top of my head—I think the quotation came from my Lower Merion High School yearbook.