House Fails to Pass Bailout Plan

Not a Portfolio.com Insider?

In This Issue of Condé Nast Portfolio

Home > Views > Blogs > Capital > House Fails to Pass Bailout Plan

Your Name

Your Email Address *
Send a copy to me

Recipient's Email Address *

Separate multiple email addresses (max 20) with commas.

Subject *

Message

0/1500

Email Confirmation

Capital

by Matt Cooper

Main

Warren Buffett: Bailout Savior? The Republicans Have Blood on their ...

Sep 29 2008 2:00PM EDT

BREAKING: The House shocked Wall Street and voted down the bipartisan financial bailout plan, J. Jennings Moss writes.

Lawmakers kept the vote open way beyond the 15-minute voting time so that backers of the plan could hit up opponents and see if they could turn the tide, but it didn't happen.

A majority of Republicans did as expected and voted against the plan, even though it got the grudging support of Minority Leader John Boehner. But a sizeable number of Democrats, about a third of the caucus, also voted against the plan.

Don't think this will be the last we hear of a bailout plan. With the loss, look for lawmakers to try again to come up with a plant that's acceptable to a majority. Going home without a plan isn't an option, either for the markets or for lawmakers' reelection prospects.

See more in

Add Your Comment

Already a Portfolio.com Insider? Sign In

Comments*

Thank you for registering as a Portfolio.com Insider. Your comment has been added.

Create Your Public Profile

Recent Blog Posts

Blago's Lowball
Dec 11 2008 4:46PM EST
Dear Governor Blagojevich
Dec 9 2008 3:38PM EST
The Mystery of President Obama
Nov 4 2008 11:01PM EST
Will Obama Really Raise Taxes?
Oct 30 2008 12:00AM EDT
How McCain Could Have Won
Oct 23 2008 12:00AM EDT
Joe the Plumber's 19 Days
Oct 16 2008 12:15AM EDT
McCain's Insane Mortgage Proposal
Oct 7 2008 11:49PM EDT
The Keating Connection
Oct 6 2008 12:25PM EDT
House Backs Bailout
Oct 3 2008 1:27PM EDT
Second Time a Charm, or a Curse?
Oct 3 2008 11:44AM EDT
The Biden-Palin Panderfest
Oct 3 2008 12:00AM EDT
The Somewhat Sweet Lives of Biden, Palin
Oct 2 2008 3:30PM EDT
No Third Term for Bloomberg
Oct 2 2008 12:37PM EDT
The Self-Congratulatory Senate
Oct 1 2008 11:23PM EDT
Six Paths to (Possible) Bailout Success
Sep 29 2008 6:30PM EDT

Links

Also in Portfolio.com

Visit our partner sites

Subscribe to a magazine:

Visit our sister sites:

Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. ©2009 Wall Street Horizon. PMMS Mortgage Data ©2009 Freddie Mac. Mortgage averages are for conforming mortgages with 20% down.