‘We’re in this together,’ says Bush

In an effort the calm the nerves of anxious Americans, President George W. Bush this morning said that the government is acting to resolve the financial crisis, which has mostly been driven by “uncertainty and fear.”
OCT 10, 2008
By  Bloomberg
In an effort the calm the nerves of anxious Americans, President George W. Bush this morning said that the government is acting to resolve the financial crisis, which has mostly been driven by “uncertainty and fear.” “We are a prosperous nation with immense resources and a wide range of tools at our disposal. We're using these tools aggressively,” he said in prepared remarks delivered in the Rose Garden of the White House. Mr. Bush said that American’s fears are “understandable,” but that “anxiety can feed anxiety, and that can make it hard to see all that is being done to solve the problem.” He added: “The federal government has a comprehensive strategy and the tools necessary to address the challenges in our economy.” The speech was given as Mr. Bush prepared to meet with leaders of the world's largest economies to discuss ways to deal with the credit crisis and the specter of a global recession. Treasury Secretary Henry Paulson is also set to meet with the finance ministers from the world's 20 largest economies. “Through these efforts, the world is sending an unmistakable signal: we’re in this together, and we'll come through this together,” said Mr. Bush.

Latest News

Mercer Advisors lands third-biggest deal to date with Full Sail Capital
Mercer Advisors lands third-biggest deal to date with Full Sail Capital

With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.

Fintech bytes: FP Alpha rolls out estate insights feature
Fintech bytes: FP Alpha rolls out estate insights feature

Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.

Morgan Stanley, Atria job cut details emerge
Morgan Stanley, Atria job cut details emerge

Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.

Envestnet taps Atria alum Sean Meighan to sharpen RIA focus
Envestnet taps Atria alum Sean Meighan to sharpen RIA focus

The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.

LPL, Evercore welcome West Coast breakaways
LPL, Evercore welcome West Coast breakaways

The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.