Bush: I lost money too

WASHINGTON - PRESIDENT George W. Bush said he was confident that his own personal financial accounts had lost money in the financial meltdown, but would not find out for sure until he left office.

In an interview with CNN's Larry King on Tuesday, the president said his money was in a blind trust and he last spoke with the trustees eight years ago.

Mr Bush said he has 'no earthly idea' how much he and first lady Laura Bush had lost in the market slump, but said he was confident they had lost money.

Asked what part of the responsibility for the financial meltdown rests on his shoulders, Mr Bush defended his decisions on the financial system rescue plan and bailouts. -- AP


Popular posts from this blog

Do you want to get into Goldman Sachs?

Warren Buffett’s favorite market metric suggests investors are ‘playing with fire’