U.S. President George W. Bush comments on the financial and economic crisis and government intervention

President George W. Bush, speaking from the White House Rose Garden, discusses the current "erosion of confidence" in banking and serious risks to the "economic health" of the nation. Bush says that government intervention in U.S. banking and the economy is not only warranted, but is "essential" and assures Americans that their FDIC insured bank accounts will not be affected by government actions.