.

Maybe Sarah Palin Would Be An Improvement

POSTED:

Jebus:

At first I thought we could deal with this -- deal with the problem one issue at a time. We made the decision on Fannie and Freddie because there was systemic risk to our mortgage markets. And then obviously AIG came along -- and Lehman came along and it was -- it declared bankruptcy; then AIG came along and it -- the house of cards was much bigger, beyond -- started to stretch beyond just Wall Street, in the sense of the effects of failure. And so when one card started to go, we were worried about the whole deck going down, and so therefore moved, and moved hard.

--President Bush, after eight years of seasoning, describing the U.S. economy as a house of cards.

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