“I want to thank you, Mr. Secretary, for working over the weekend."
President Bush, thanking Treasury Secretary Henry Paulson for, ya know, putting in a few extra hours to prop up the financial markets.
Speaking of which, there was a piece in the Times on Sunday morning before the JP Morgan deal was announced that valued the Bear Stearns tower in midtown at $1 billion. Compare and contrast that figure with the $270 million purchase price for the firm...including the real estate.
it would be interesting to read a collection of bush' speeches/annecdotes throughout his career.
Posted by: dismissed reality | Mar 17, 2008 at 10:34 PM
It's a common error to consider only the assets and not the liabilities.
Posted by: pwb | Mar 18, 2008 at 02:30 PM