Wednesday, January 14, 2009

Bush has suffered from financial crisis.

U.S. President George W. Bush admitted that he suffered from the financial crisis, the Associated Press. On this, Bush said in an interview with CNN host Larry King, which was shown on the air on Tuesday evening local time. The amount of damage Bush has described as difficult, but suggested that the losses were considerable.

U.S. President told that the funds belonging to his family, had been invested in the "blind trust". Such a fund does not give investors the right to access information about their assets, and they, in turn, can influence the investment policies of Trustees. Get information about embedded in the fund, Bush could only after 20 January 2009, when he relinquished his presidential powers.

Bush avoided a direct answer to the question of the lead, how much of the responsibility for the financial crisis is the person on it, and the members of his administration. He preferred to focus on plans to rescue the economy, trained and partially implemented during his stay in the White House.

While in office, Bush was required to annually publish details of their income. As announced in April 2008 in the tax declaration of George and Laura Bushes said that in 2007 they earned 924 thousand dollars. Of this amount, about 220 thousand dollars was Bushes income from investment activities. 400 thousand dollars, Bush received a salary, while another 150 thousand were paid to his wife Laura as an advance for the children's book.

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