Former President George W. Bush on Tuesday night defended his decision to bail out banks toward the end of his term, saying the call wasnt that hard.
I made the decision to use your money to prevent the collapse from happening, Bush said during a speech in Tyler, Texas, according to reports from The Associated Press and other outlets.
Bush said that when the markets crashed in the fall of 2008, he recognized that if his administration didnt do something significant, a depression greater than the Great Depression could occur.
The former president said the choice to backstop many of the countrys leading financial institutions wasnt that hard for me.
"Here's what you learn," Bush said of his time as president. "You realize you're not it. You're a part of something bigger than yourself."