Monday, September 29, 2008

Bill fails first vote

Normally I'd say bill dies, but I am positive they are going to bring it to another vote. There were 205 in favor of the legislation and 228 against. Among Democrats, 140 voted in favor and 95 against. Among Republicans, 65 voted in favor and 133 against.

Two things that would make the bill more likely to pass (even I'd support it) -
1) Provide specifics about what kinds of securities can be bought and at what price (market price and not a penny more) and from whom (no major investment banks and no foreign banks)
2) Accompany it with Paulson and Bernanke resignations

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