Wednesday, July 23, 2008

“Wall Street Got Drunk”

Via the Huffington Post:

An ABC-TV outlet in Houston, and now the Houston Chronicle, have posted a video taken at a political fundraiser for Pete Olson, featuring George W. Bush last week — capturing some embarrassing/revealing moments after, he noted, he had asked cameras to be turned off.

The first moments form the July 18 event find him speaking almost incoherently in admitting, for once, that his friends in big business had screwed up: “There’s no question about it. 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.”

Here’s the link to the video and transcript. All I can say is, “Wha…?”