Bush on the Economic Crisis

The White House: The G7 at the White House. President Bush has stated the following on the economic crisis, " In my country, it is important for our citizens to have understood that which affects Wall Street affects Main Street as well......Finance ministers and central bankers have acted to provide new liquidity to markets, strengthen financial institutions, protect citizens' savings, and ensure fairness and integrity in the financial markets.......The G7 nations have pledged to take decisive action to support systemically important financial institutions and prevent their failure, provide robust protection for retail bank deposits, and ensure financial institutions are able to raise needed capital. We've agreed to implement strong measures to unfreeze credit, ensure access to liquidity, and help to restart the secondary markets for mortgages and other assets. We've all agreed that the actions we take should protect our taxpayers.......we must ensure the actions of one country do not contradict or undermine the actions of another. In our interconnected world, no nation will gain by driving down the fortunes of another. We're in this together. We will come through it together......The leaders gathered in Washington this weekend are all working toward the same goals. We will stand together in addressing this threat to our prosperity. We will do what it takes to resolve this crisis....." The Market it could be argued has hit rock bottom, this is the time to buy if your in the market. It important as was noted on one of the networks, not to look at the price of the market but the company. If the company is going to make money then its good to buy. If your in your 20s and 30s this is the time to buy, some of real blue chip stock is down, they are cheap to buy, in other words if you can afford to lose it it invest in the market. The long term prospects are good for shares.