1 Answers
Log in to answer

George W. Bush was the outgoing President of the United States at the time of the financial crisis. Bush opposed public bailouts, but he was later convinced by Bernanke and Paulson that putting public money into the system was the only way to stabilize it.

Source(s)

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System--and Themselves