president bush statement on plan to save wall street

on the morning of friday 19 september 2008 president george w. bush flanked by treasury sec'y, henry m. paulson, jr., federal reserve chairman, ben bernake and securities and exchange commission chairman, christopher cox, proclaims a "pivotal moment in america's economy."

president bush says that "problems that originated in the credit markets and first showed up in the area of sub-prime mortgages have spread throughout our financial system. this has led to an erosion of confidence that has frozen many financial transactions including loans to consumers and to businesses seeking to expand and create jobs as a result we must act now to protect our nations economic health from serious risk ."

and oh yeah, president bush says that "the securities and exchange commission has issued new rules temporarily suspending the practice of short-selling on the stocks of financial institutions. this is intended to prevent investors from intentionally driving down particular stocks, for their own personal gain. the sec is also requiring certain investors to disclose their short-selling and has launched rigorous enforcement actions to detect fraud and manipulation in the market. anyone engaging in illegal financial transactions will be caught and persecuted."
====
http://wesawthat.blogspot.com/2008/09/video-president-bush-makes-statement-on...

Category:

News & Politics

Tags:

• wall+street
• crisis
• paulson
• bernake
• chris+cox
• george+bush
• credit+markets
• sub+prime+mortgages
• short+selling
• federal+reserve
• treasury
• september
• 2008
• random

[BeatleGal64]

4:59

Did he just say persecuted?

[wesawthat]

yep

[peters9nine]

An open letter-

Mr.President,

I'd like to invite you and your henchmen,

to my cardboardbox (where I live) and

explain to me "Economic Future".

Thank you, Duped Taxpayer No.44,546,328,978,765

[TCostellos]

5:02 what is he sucking on?. i wonder what is it he has in his mouth,besides the bullshit?...

[Amaxander]

Did anyone else hear "This plan will cost alot of taxpayer money, and carry significant risk" In that speach? Imeaditly followed by "We expect it to..." Positivly affect the market... ARE YOU FUCKING KIDDING ME? WHO HAS FAITH IN THIS ADMINISTRATION!!! And you guys are letting them spend your tax money!! Im so glad i dont pay taxes :3

[coachtabales]

He spent more time reading his notes out loud than actually talking to the American people. He's basically been reduced to a meat puppet; a monkey boy. Wouldn't you know it, he couldn't even read it without tripping over his own feet. What a fucking retard. For what's left of his terrible administration, he should just go in his room and not talk, ever again. I can't believe that Americans re-elected this tool into office.

[TYX91101]

George Bush. He's going out like a shooting star. Perhaps he'll pardon O.J. Simpson before he rides off into the sunset.

[madeconstudent]

so these wars that you are borrowing money to fight, they arn't the root cause of the shortage of money!!! you have to laugh at all these reporters politicians and even economists, saying that the root problem is sub prime housing, ya building and selling houses thats such a dumb business plan, now fighting Armageddon style wars, that makes good financial sense!!!???!!!!

[SgtRam64]

Bush is the worst terriorist the world could have..he is a worthless piece of trash that i wouldn't even let my dog piss on....the dumb Son of a Bitch has destroyed America and cost thousands of out troops their lives and do you think this heartless Bastard cares...HELL NO!....

[RocketBorat]

the anti christ himself george w bush

[SoapClawtooth]

'seek american products'

....all of which are made in Taiwan....

[gsukrw06]

"none are more hopelessly enslaved than those who falsely believe they are free."

we've got to do something about this trend of socialism taking over our nation. the U.S. govt. was established to protect the rights/privacy of the ppl not bailout the economy. we've got to do away with the beurocracy and get back to the basics. stop being humble,stop being whiny,SCREAM about it!YELL about it!WE THE PEOPLE will not sit quitely while the feds take over our rights and the rights of our states!