Replies to post #245344 on Fannie Mae-No Politics (FNMA)

[955]

Not so drunk that they didn't know what they were doing. Perhaps Bush was the one too drunk to know what was going on under his watch.

Where were the regulators?

President Bush stated in an off record comment that was taped on July 22, 2008:

There is no question about it. Wall Street got drunk. That‘s part of the reason I asked you to turn off your T.V. 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.

[Donotunderstand]

Bush - had he NOT had Cheney around - might have been a much more interesting moderate president - a shame

I like that he saw it and how he said it