drunk ?

[HPT]

http://news.bbc.co.uk/1/hi/world/americas/7522335.stm

 

[eagle]

He is one of the US Presidents who made a rare visit to NYSE, and therefore he knew exactly what he was talking about.

 

[jem]

seems like one of his more lucid explanations.

They were either stupid and drunk or smart and crooked.

 

[nutmeg]

 

[nutmeg]

Really though. Bush had good intentions with the concept of an "ownership society" I think he underestimated how people could fuck something up that was pretty simple.

 

[DDuffeeInc]

Quote from nutmeg:

Really though. Bush had good intentions with the concept of an "ownership society" I think he underestimated how people could fuck something up that was pretty simple.

Yea, like himself

 

[wutangfinancial]

Nah, classic case of a)agency problems/"free rider phenomenon" and b) moral hazard on behalf of the Fed...