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21 April 2024

Bush has ‘no earthly idea’ how much he lost in meltdown

US President George W Bush (AFP)


President George W Bush says he’s confident that his own personal financial accounts have lost money in the financial meltdown, but won’t find out for sure until he leaves office.

In an interview with CNN’s Larry King on Tuesday, the president said his money was in a blind trust and that he last spoke with the trustees eight years ago.

Bush said he had “no earthly idea” how much he and first lady Laura Bush have lost in the market slump.

In the interview held in the White House library, Bush also defended Vice President Dick Cheney, describing him as an intelligent patriot. He denied allegations that some of the harsh interrogation techniques used on terror suspects amounted to torture and said he was “comfortable” with the methods used because they were based on legal opinions.