Through the FDIC, every savings account, checking account, and certificate of deposit is insured by the Federal Government for up to $100,000.
George W. Bush
The Public Record
George W. Bush is the 43rd President of the United States, serving from January 20, 2001, to January 20, 2009. A member of the Republican Party, he previously served as the Governor of Texas from January 17, 1995, until December 21, 2000. His presidency was marked by significant events, including the September 11 attacks in 2001 and the subsequent wars in Afghanistan and Iraq. Bush's domestic policies included tax cuts, education reform, and Medicare prescription drug benefits.
The Federal Reserve is also taking steps to provide additional liquidity to money market mutual funds, which will help ease pressure on our financial markets.
This is a decisive step that will address underlying problems in our financial system.
Every American should know that the Federal Government continues to enforce laws and regulations protecting your money.
The Federal Government should intervene in the marketplace only when necessary; in today's financial market, government intervention is essential.
The actions I've just outlined reflect the considered judgment of Secretary Paulson, Chairman Bernanke, and Chairman Cox.
I also want to thank you for being such a good security partner in the region.
Confidence in our financial system and in its institutions is essential to the smooth operation of our economy.
We must act now to protect our Nation's economic health from serious risk.
I approve the use of funds from the Exchange Stabilization Fund to provide up to $50 billion as a guaranty facility for certain money market mutual funds.
Kuwait is a strategic partner of the United States, and our discussion today was befitting of our strategic partnership.
America's economy is facing unprecedented challenges, and we are responding with unprecedented action.
These actions are necessary, and they're important, and the markets are adjusting to them.
I have determined that it is necessary to continue the national emergency declared with respect to persons who commit, threaten to commit, or support terrorism.
We've taken control of Fannie Mae and Freddie Mac to help promote market stability and to ensure they can continue to play a role in helping our housing market recover.
I declared a national emergency with respect to persons who commit, threaten to commit, or support terrorism.
I took this action to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.
Just as there is no verifiable evidence to conclude that oil speculators were behind the rise in oil prices in the first half of the year, there is no verifiable evidence that speculators were behind its recent decline.
I am continuing for 1 year the national emergency with respect to persons who commit, threaten to commit, or support terrorism.
This week the Federal Reserve acted to prevent the disorderly failure of the insurance company AIG.
There is no verifiable evidence to conclude that oil speculators were behind the rise in oil prices in the first half of the year.
The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence.
The American people are concerned about the situation in our financial markets and our economy, and I share their concerns.





