Frank: Deal Only 'Few Days' Away

Rep. Barney Frank (D-Mass.), chair of the House Financial Services committee and a key figure driving the $700 billion Wall Street bailout, told The Post's Lori Montgomery that a deal on the plan can now be reached "within a few days," now that the House Republicans are back at the table.

Earlier today, White House Press Secretary Dana Perino said President Bush is hopeful to get a deal done by Monday's opening bell on Wall Street.

House GOP members want to add an insurance provision to the bailout plan; that's fine with Frank.

"There's no problem adding something that's not going to do much," he said.

-- Frank Ahrens

September 26, 2008; 12:27 PM ET  | Category:  business
Previous: White House Predicts Deal by "Opening Bell" Monday | Next: Cantor Retreat May Unclog Deal Talks


Please email us to report offensive comments.

Wait a minute. Frank and the other democrats said they had a deal yesterday. I think they lied to the American public.
Secretary Paulson called Lindsey Graham and requested McCain's presence. During the meeting the corrupt democrat leadership deferred to Obama, who immediately attacked the House Republicans' plan which was still on the table. He used notes provided to him by Paulson's treasury mutts. Never did defend or promote the democrats' plan.
Then the meeting turned into a shouting match. All this moise about McCain disrupting an agreement is another democrat lie.
Clearly, the democrats sandbagged McCain with (democrat) Paulson's help. He needs to go.
If the democrats want to seal the deal, they have majorities in both houses of Congress, so they should just pass it. They know their plan, which gives a bundle to Obama's criminal voter registration cabal ACORN, is just another bag of you=know=what. That's why the democrat cowards won't do it.

Posted by: LarryG62 | September 26, 2008 12:46 PM

I hope this works.

Posted by: Jim | September 26, 2008 12:50 PM

John McCaint has suddenly gotten quite concerned about the crisis on Wall Street.

Just more lies....

So much so that he has announced he’s suspending his campaign and rushing back to Washington so he can work with Congress on solving the problem and he wants Obama to do the same which will mean putting off that pesky debate they were supposed to have on Friday.

The situation was so urgent in fact that McCaint called up David Letterman personally to cancel his appearance on his show so he wouldn’t waste any time tackling the problem.

Except that he apparently had time to stick around long enough to film an interview with Katie Couric, to "expalin" the pathetic interview with peeeuuu Palin whereas she fumbles and get confused on such a simple subject....and literally self destructs on CBS.....

So while McCaint was at the West 57th street CBS News same point in time he would have been on Letterman.

Needless to say, Dave wasn’t impressed. In fact Dave had some pretty good points to make during the course of the show.

David Letterman was absolutely furious at Senator John McCain for snubbing him and instead making an appearance on a CBS News interview with Katie Couric.

According to Letterman, McCaint personally called him and apologized for bailing out at the last minute.

He said he was suspending his campaign to rush to Washington and help fight America’s biggest economic crisis since the great depression.

Letterman understood the urgency of this issue and said it was ok.

Boy, Was he mad when he knew that McCaint did not actually go to Washington to solve the ‘Crisis’ and fix the ‘Crater’ in the economy?

Letterman stopped his interview with Keith Olbermann midway to show a live TV feed of McCaint getting makeup for his interview with Katie Couric.

Letterman said something is terribly wrong with McCain’s campaign ..and it smells....(peeeuuu Palin anyone)and that he was just playing a political game by saying that he was suspending his campaign.

And when Dave saw McCaint with Couric having makeup applied to his cancer ridden head he yelled out and said: "Hey John, do you need a ride to the airport??????.

He felt this a political gimmick to stop his sliding poll numbers from sliding further. He repeatedly asked the same question - ‘Where is your running mate, Sarah Palin?’.

You do not suspend a campaign a month before elections, you get your second in command to run the show instead.

A total of 10 minutes was used up by Dave Letterman to shred McCain and his publicity stunt into pieces.

View David's Anger @

After the Walter Cronkite moment of 1968 now 40 years later for McCaint on David Letterman......I don’t think McCain will be scheduling a follow-up appearance anytime soon.

Thanks Again Dave.... for showing us the truth..yet again......McCaint can't multi-task.....

Its the end of the peeeuuu Palin bubble and McCaints lies.......

"Thanks but no thanks for more of the lies that bridge America to nowhere......"

Posted by: AlexP1 | September 26, 2008 1:13 PM

Us Population 301,139,149

Considering the population is just over 300 million, what a bailout it would be if instead of giving one person $700 Billion, we gave everyone in America a million dollars. Everyone could pay off their houses, mortgages and loans and still have money to invest or put in banks. It’s less expensive, easier to manage and certainly would stimulate the US economy directly instead of giving Billions to Wall Street fat cats and the failed Bush Administration who have proven they cannot be trusted with our taxpayer money

Posted by: Dubya | September 26, 2008 1:31 PM

I got ask, why are the democrats standing behind Chris Dodd and Barney Frank who allowed this mess to happen in the first place? These are the Dems lead negotiators? Wow, That's change you can believe it.

Posted by: BBDC | September 26, 2008 2:44 PM

Frank and Dodd are CROOKS! The Dems are power grabbing just as the Republicans did in the past.............NEVER AGAIN! We learned the hard way under Bush!

Balance the power....Mc Cain and Palin in the Presidency, Dem Congress.

We citizens must demand TERM LIMITS in CONGRESS.

Posted by: Paul | September 26, 2008 3:37 PM

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company