The housing bubble and the promiscuous issuance of exotic junk securities would never have reached the level they did had the Fed not been so recklessly loose in its monetary policy.
It did not do wonders for anybody's political standing, because people's general attitude is, you know what, if the financial sector is behaving recklessly or not making good decisions, other folks shouldn't have to suffer for it.
What these examples illustrate is not that President Bush is willfully and recklessly disregarding America's responsibility to be a world leader and exemplar to others.
Not that the Carlton boss is one to throw money around recklessly - he has built his empire on an aggressive buying strategy, but keeps a firm eye on the bottom line, abhoring debt and keeping what he calls "old-fashioned" accounts.