George W. Bush on Thursday urged US financial institutions to take any write-downs resulting from the housing crisis “now” and to give investors more information about their financial health.
“Wall Street needs to...put it all out there for everybody to see. They need to have . . . the off-balance sheet [items]...put out there for investors to take a look at,” the US president said at his year-end press conference. “And if there’s some write-downs to be done, they need to do it now.”
