Thursday, March 26, 2009

An interesting quote from Obama's March 24th press conference that illustrates the difference between him and Bush

About regulating AIG and the need for new powers because it isn't a bank:

"And the reason is, is because we have not obtained this authority. We should have obtained it much earlier so that any institution that poses a systemic risk that could bring down the financial system we can handle and we can do it in an orderly fashion that quarantines it from other institutions."

That quote alone speaks volumes. Can you picture Bush actually referring to 'systemic risks' in a correct way? It's good to have the adults back in charge, even if they're not as radical as their critics make them out to be.

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