Wow! This sounds like the initial promising compromise did not pan out at all. How embarrassing it must be for Paulson to have to beg from someone, and then admit it was the other side that was blowing up the deal.
It also sounds like McCain’s plan to come back and "help" only served to derail the process. What a complete tool!
The New York Times highlights the defining moment of yesterday’s White House meeting on the bank bailout bill when Treasury Secretary Hank Paulson "got down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to ‘blow it up’ by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal."
Said Pelosi: "I didn’t know you were Catholic. It’s not me blowing this up, it’s the Republicans."
Paulson sighed, "I know. I know."
Paulson Begs
Fri, 26 Sep 2008 15:38:42 GMT
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