Talking about the financial markets and the housing mess, George W. Bush offered up these pearls of wisdom:
“There is no question about it. Wall Street got drunk…. That’s one reason I asked you to turn off your TV cameras….[Wall Street] got drunk and now it’s got a hangover……The question is, how long will it [take to] sober up and not try to do all these fancy financial instruments?”
He made his comment at a political fundraiser in Houston last Friday after he asked the audience to turn off their video cameras. One guest ignored him and recorded his comments on a cellphone.
See another clip here.