MS. PERINO: Well, I actually haven't spoken to him about this, but I imagine what he means, as I've heard him describe before in public and in private, is that Wall Street let themselves get carried away and they did not understand -- the markets did not understand the risk that these newfangled financial instruments would pose to the market, and now we're having to deal with this.
seen at 09:00, 23 July
in
Whitehouse Press Briefings.
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