In another brief moment of clarity, Bush cited the reason, in his mind anywoay, for the mortgage debacle.  He blames Wall Street. The NYTimes reports:

 “Wall Street got drunk — that’s one reason I asked you to turn off your TV cameras,” the president said at the fund-raiser, held at a private home on Friday to benefit Pete Olson, the Republican who is challenging Representative Nick Lampson. “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 was at a political fundraiser for held at a private home on Friday to benefit Pete Olson, the Republican who is challenging Representative Nick Lampson.  The video tape "surfaced" from a amature video, then onto the local station in Houston (an ABC affiliate).  BBC World news broadcast it tonight, thus reinforcing the redneck nature of our current leadership.