"I don't think the government ought to be involved in bailing out companies."
- President George W. Bush, July 15, 2008
"The problems in the subprime market seem likely to be contained."
- Ben Bernanke, March 28, 2007
“A national severe price distortion seems most unlikely in the United States” — Alan Greenspan, October 2004.
“I suspect that we are coming to the end of this downtrend, as applications for new mortgages, the most important series, have flattened out .. I think the worst of this may well be over.” Alan Greenspan, October 2006.
“The housing market is at or near the bottom.” Henry Paulson, April 2007.