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Deal Update: Agreement in principle?

Sen. Chris Dodd (D-CT), last seen just yesterday thundering in Banking Committee hearings that there was no way Congress would come to terms with the White House and Cabinet on a bailout plan for Wall Street (“What they have sent to us, this is not acceptable!”), just executed an impressive about-face.

Sen. Dodd just announced that Democrats and Republicans in Congress had reached an “agreement in principle” on a bill to pass in the House and Senate and send to the President to sign.  Rep. Barney Frank (D-MA) commented that “there really isn’t much of a deadlock to break.”

What a difference a day makes.  Hot Air has more.

My own input below the break.

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