Bush and Putin's "Frank" Exchange

According to the New York Times:

In a joint news conference at Bratislava Castle that was intended to portray unity but offered glimpses of tension, Mr. Bush said that he and Mr. Putin had just had a "frank" exchange in a one-on-one meeting that lasted more than an hour, the longest the two leaders have ever met alone, with interpreters the only other people in the room.

I know what you're thinking...
What could they be doing for more than an hour if they were neglecting the "beans" and not including the "buns"?

Mr. Bush did not say what he meant by "frank," but a senior administration official who briefed reporters on Mr. Bush's meeting with President Jacques Chirac of France this week said he did not want to describe that session as "frank" because "it usually means a euphemism for 'bad.' "

Don't be naive, Mr./Ms. Senior Administration Official, I think we all know what he means by "frank."