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Bush Says He Likely Lost Money In Meltdown, Too

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Jan 13, 2009 10:50 pm US/Pacific

Bush Says He Likely Lost Money In Meltdown, Too

WASHINGTON (AP) ―

Click to enlarge 1 of 1: President George W. Bush holds a news conference in the Brady Press Briefing Room at the White House Jan. 12, 2009, in Washington, D.C. (File)
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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 says his money is in a blind trust and he last spoke with the trustees eight years ago.

Bush says he has "no earthly idea" how much he and first lady Laura Bush have lost in the market slump, but says he's confident they have lost money.

Asked what part of the responsibility for the financial meltdown rests on his shoulders, Bush defended his decisions on the financial system rescue plan and bailouts.