Bush: Intervention not "cure-all" for crisis - WKOW 27: Madison, WI Breaking News, Weather and Sports

Bush: Intervention not "cure-all" for crisis

WASHINGTON (AP) -- President George W. Bush is calling the financial crisis a decisive moment for the global economy but "not a failure of the free market system."

  In prepared remarks of a speech he's giving in New York later today, Bush says the U.S. and governments around the world must work on reforms for the global financial system, but should not try to reinvent it.

  He says government intervention is not a cure-all.

  Bush is hosting world leaders at a summit in Washington, which begins with a working dinner Friday night.

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