In an unusually candid moment when he thought the television cameras were turned off, President George Bush said Wall Street "got drunk" and described our current situation as a hangover.
"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," Bush said.
This will probably be read as a "gaffe" by pundits, which is how political commentators describe accidentally telling the truth in a particularly blunt and colorful way. After the jump, watch the video.
Bush says Wall Street 'got drunk' [Financial Times]