Posted on 09/25/2008 4:46:18 PM PDT by quesney
ABC Newsblog Stephanopoulos: Paulson Fears Deal May Collapse
September 25, 2008 6:05 PM
ABC News' George Stephanopoulos Reports:
Treasury Secretary Henry Paulson fears the Wall Street bailout deal is falling apart after a chaotic White House meeting, sources say.
Paulson walked into the room where Democrats were caucusing after today's meeting at the White House and pleaded with them, "Please don't blow this up."
Rep. Barney Frank, D-Mass., chair of the House Financial Services Committee was livid saying, "Don't say that to us after all we've been through!"
House Speaker Nancy Pelosi said, "We're not the ones trying to blow this up; it's the House Republicans."
"I know, I know," Paulson replied.
Democrats believe that House Republicans are torpedoing the framework deal reached in the bipartisan agreement of principles released by the Senate Banking Committee on Thursday.
Dems are too cute for themselves. They wanted a liberal bill and then they wanted to force the GOP to give them political cover. At the same time, the people who are opposed to this are playing with fire. WE NEED A LIQUIDITY WORKOUT. The concern is that if this isn't fixed, we have a crash.
We need to show an alternative that would work.
Newsflash for Pelosi & Co. From what I’ve seen posted on some forums it seems even liberals are up in arms about this bailout and oppose it.
Drama queen.
The lack of liquidity moved the markets up 200 point today. That’s an amazing thing to do with no cash...
http://www.youtube.com/watch?v=gNlXgzzdJQA
Markets will go down tomorrow. It was thought a deal would be made today. Uncertainty is not the markets friend.
You hope.
Knight takes Queen. Check.
Yes it will go down, but not due to lack of liquidity like the fear mongers scream. But because the kids won’t get there way so they don’t want others playing with their toys.
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