‘Something’ likely for automakers, Frank says
« Thread Started on Dec 5, 2008, 7:14pm »
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‘Something’ likely for automakers, Frank says
Posted: 03:21 PM ET
WASHINGTON (CNN) — Rep. Barney Frank said Friday that Congress is likely to pass a deal that would give U.S. automakers a bailout.
“We’re not at the point of agreement but, with very few exceptions today, the members were saying, ‘Yes, we should do something,’” the chairman of the Financial Services Committee told reporters.
The Massachusetts Democrat refused to cite any specific plan, saying, “The less people start staking out positions on specifics, the easier it is to reach agreement.”