Monday, December 22, 2008 7:02:27 PM
In Their Own Words: Anatomy Of A Meltdown (SLIDESHOW)
December 22, 2008 09:26 AM
Al Hubbard, economic adviser to President Bush: "There is no question we did not recognize the severity of the problem."
Former Treasury Secretary John W. Snow, on the housing push that went too far: "What we forgot in the process was that it has to be done in the context of people being able to afford their house. We now realize there was a high cost.”
Lawrence B. Lindsay, economic adviser to President Bush: "No one wanted to stop that bubble."
Treasury Secretary Henry Paulson: "There was no playbook for responding to a once or twice in a hundred year event."
Roy Cooper, Attorney General of North Carolina, on the administration’s push to block states’ efforts to use consumer protection laws to crack down on predatory lending: "They took 50 sheriffs off the beat at a time when lending was becoming the Wild West."
Andrew H. Card, Bush’s former chief of staff, on the decision to approve a predatory lender as ambassador to the Netherlands: "Maybe I was asleep at the switch."
President Bush: "It turns out this isn’t one of the presidencies where you ride off into the sunset , you know, kind of waving goodbye."
Copyright © 2008 HuffingtonPost.com, Inc.
http://www.huffingtonpost.com/2008/12/22/in-their-own-words-anatom_n_152797.html [with comments] [this slideshow being directly further to (using quotes taken from) the NYT article in the post to which this post is a reply]
December 22, 2008 09:26 AM
Al Hubbard, economic adviser to President Bush: "There is no question we did not recognize the severity of the problem."
Former Treasury Secretary John W. Snow, on the housing push that went too far: "What we forgot in the process was that it has to be done in the context of people being able to afford their house. We now realize there was a high cost.”
Lawrence B. Lindsay, economic adviser to President Bush: "No one wanted to stop that bubble."
Treasury Secretary Henry Paulson: "There was no playbook for responding to a once or twice in a hundred year event."
Roy Cooper, Attorney General of North Carolina, on the administration’s push to block states’ efforts to use consumer protection laws to crack down on predatory lending: "They took 50 sheriffs off the beat at a time when lending was becoming the Wild West."
Andrew H. Card, Bush’s former chief of staff, on the decision to approve a predatory lender as ambassador to the Netherlands: "Maybe I was asleep at the switch."
President Bush: "It turns out this isn’t one of the presidencies where you ride off into the sunset , you know, kind of waving goodbye."
Copyright © 2008 HuffingtonPost.com, Inc.
http://www.huffingtonpost.com/2008/12/22/in-their-own-words-anatom_n_152797.html [with comments] [this slideshow being directly further to (using quotes taken from) the NYT article in the post to which this post is a reply]
Greensburg, KS - 5/4/07
"Eternal vigilance is the price of Liberty."
from John Philpot Curran, Speech
upon the Right of Election, 1790
F6
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