Posted on 24/07/08
Bush pins credit mess on 'drunk' Wall Street
Now we know what George W. Bush really thinks happened to his country's economy and financial markets: "Wall Street got drunk." In public, the U.S. President has been subdued in his statements about who is to blame for the mess on the balance sheets of banks and the country's waning growth - preferring bromides to straight-out criticism. But in private - or at least, when he thought it was private - Mr. Bush laid his real view out in folksy yet harsh terms last week. Wall Street overindulged in the "fancy financial products" that became the flavour of the bull market, and now faces a hangover, he told supporters in Texas.
The full text of this article has 798 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
