Q You have another major financial firm on the brink, and several other banks have failed in the last few weeks, almost one a week at this rate. Washington Mutual is in a lot of trouble. What does the White House think about this and the state of Wall Street at this period?
MR. FRATTO: I'm not going to try to characterize the state of Wall Street. Obviously, we're paying very close attention to markets. The President gets regularly briefed, as you would imagine he would. The Treasury Department is closely monitoring the markets, and they stay in contact with market participants. There's no question that the financial industry is dealing with challenges, and it's something that we keep an eye on.
seen at 09:00, 12 September
in
Whitehouse Press Briefings.
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