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[Milwaukiedave]

"Wall Street Got Drunk": 'Banned' Bush Video Surfaces
Posted July 22, 2008 | 04:50 PM (EST)

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."

Then, making light of the foreclosure crisis, he said: "And then we got a housing issue... not in Houston, and evidently not in Dallas, because Laura's over there trying to buy a house. [great laughter] I like Crawford but unfortunately after eight years of sacrifice, I am apparently no longer the decision maker."

No one is saying how ABC's Miya Shay got the video or how it emerged. UPDATE: The YouTube version of the video is now axed, but it is easily viewed at ABC site here:

http://politicalblog.abc13.com/

[A2Steve]

that's nothing. A friend of mine was on Airforce One in September, 2005 with the crew from CNN covering Hurricae Katrina. at one of the times in the flight when the pres goes to the reporters'nook to chat a bit off the record, Bush allegedly said (after one too many vodka tonics), "Heck I' woulda had the national guard into New Orleans ASAP, or sooner! but then I realized, we already OWN that oil!"


Hell'uv'a job on that one too, mr. president!

[agentX]

Wall street got drunk? Naah...Wall Street lost its damn mind.
They (the Wall Street crowd) knew damn well the people couldn't afford those balloon mortgages and 29% interest rates. They dug themselves into this hole then passed the buck to others. Now the buck passing has stopped and they're begging for a rope. It's economic socialism- they (Wall Street) wants subsidized risk but privatized profits. So much for that free-market nonsense.

[Kikomom]

What you are seeing there is a weak leader's excuse for letting the rats clean out the corn crib. And there's been enough banking laws passed during his tenure that it's safe to say he enabled it.