Stephanopoulos: Paulson Fears Deal May Collapse

Sep 25, 2008 6:05pm

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 tell ABC News.

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.

ABC News’ Jake Tapper contributed to this report.

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