September 25, 2008 Sen. Shelby: There is no agreement on bailout plan Play video

(NECN) - Alabama Sen. Richard Shelby, the top Republican on a the Senate Banking Committee spoke briefly after meeting with congressional leaders, President Bush and both presidential candidates. He said that there is "no agreement" in congress on the bailout.

Shelby said he presented documents from top economists who were very critical of Henry Paulson's plan. The economists who were all from top universities, said that Paulson's plan was a "bad plan", and would create more problems than it would solve, and was a rush to judgment.