“I think it is clear we are not going pass this [bailout] as they drafted it,” Schumer said. “I hope they see that on both sides of the aisle.”
Schumer said he was encouraged that the two administration officials were “open to suggestions” on changes to the plan, but cautioned them to not to underestimate the political calculations involved.
“I think in certain sense, they may not have a full understanding of the political process,” Schumer said. “It was, ‘well I need this, trust me.’ And maybe that is how it worked in the private sector, but it doesn’t work that way here.”