During a fundraiser in Houston last Friday, President Bush was feeling particularly candid with his fellow supporters. He asked all the TV cameras to be turned off and then went on a rant about one particularly alcoholic avenue in lower Manhattan. One enterprising young reporter took note of the disclaimer and proceeded to capture it with his cell phone:
- "There’s no question about it. Wall Street got drunk – that’s one of the reasons I asked you to turn off the 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."
Some may say it’s just George shootin’ the shit with his boys down in Texas, and in light of the current ‘recession’ and crappy economic outlook, he’s not too far off base with these comments. But seriously what kind of political figure asks for the cameras to be turned off and then publicly reveals something that he would be too shy to say otherwise?
Or maybe Bush didn’t mean this as a metaphor. Maybe he was dead serious about seeing the likes of Citi CEO Vikram Pandit and Former Bear Stearns CEO Jimmy Cayne doing jagerbombs and shots of Tequila on the floor of the New York Stock Exchange? Those guys are insane!
I wish someone had asked Bush, how drunk Wall Street was. Here’s my answer to that question:
"Wall Street was so drunk, it was texting the London Stock Exchange looking to ‘get back together’. Nothing too serious, it just misses her a lot. "
"The Street was so drunk, it passed out somewhere in Madison Square Garden and got a serious shaming."
"It was so drunk it threw up all over Broadway’s lame tap dancing shoes."
"Drunk enough to hook up with the Bombay Stock Exchange and not even realize it was a dude!"
"So drunk that it smashed all the old antique stock tickers its Dad was collecting."
"Now because of this hangover, it’s gonna ask these dudes to quiet the F down."
Any other suggestions? Let us hear them in the comments section.
HuffPo: ‘Wall Street Got Drunk’ Banned Bush Video Surfaces, July 22, 2008
MSNBC: Bush at private event: Wall Street Got Drunk, July 23, 2008
FT: Bush Says Wall Street Got Drunk, July 23, 2008