Bush: 'Wall Street got drunk'

Captured by mobile phone video at a private fundraiser in Houston last Friday, the President used a colourful analogy to lay blame on US financial institutions for the damaging credit crisis. “There's is no question about it. Wall Street got drunk,” Bush, the self-confessed reformed alcoholic, says. “That’s one reason I told you to turn off your TV cameras. It got drunk and now it’s got a hangover. “The question is how long will it sober up and not try to do all these fancy financial instruments.” US press secretary Dana Perino says the President’s summarisation is similar to many marke...