President Bush addresses the nation on the financial crisis from the White House. He says the $700 billion bailout package is "aimed at preserving America's overall economy."
Though he says his "natural instinct" is to oppose intervening in the market, he claims "these are not normal circumstances."
"Any rescue plan should also be designed to ensure that taxpayers are protected," Mr. Bush said. "It should welcome the participation of financial institutions, large and small. It should make certain that failed executives do not receive a windfall from your tax dollars. It should establish a bipartisan board to oversee the plan's implementation. And it should be enacted as soon as possible."
[Sources: thepage.time.com, nytimes.com]
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