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The Government Says
Unofficial blog of briefings from the Whitehouse. Based on DowningStreetSays.com.

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Whitehouse Press Briefings with alerts and comments - for you to read and respond to what the Press Secretary actually says, rather than what they were reported as saying.

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Q Can you comment on camera -- I know you had a lot of comment this morning -- about the President's comments about Wall Street being drunk, and what he meant?

MS. PERINO: Sure. President Bush has had similar sentiments before when he's talking about how over the years Wall Street was dealing with very complex financial instruments, and it's clear now to everybody that those markets didn't fully understand the risk that all of those instruments posed to the overall health of the economy and the instability in the market. And the President has described it the way others have. Obviously he did it in a very -- in a way that was with much candor.

seen at 09:00, 23 July in Whitehouse Press Briefings. Email this to a friend.
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