President George W. Bush discusses the financial crisis and the world economy at the Federal Hall National Memorial in New York City. Bush says he is going to host a summit to create reforms. He says the key objectives of the summit would be "understanding the causes of the global crisis, reviewing the effectiveness of our responses thus far, developing principles for reforming our financial and regulatory systems, launching a specific action plan to implement those principles, and reaffirming our conviction that free market principles offer the surest path to lasting prosperity." President Bush assures the nation that the economy will bounce back, citing its resilience through the 1940s Great Depression.
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