YOU CAN NOT REWARD BAD BEHAVIOR..THE FREE MARKET WON TODAY AND CAPITALISM PREVAILS..PERHAPS INDIVIDUALS WILL NOW LOOK BEFORE THE LEAP WHEN INVESTING THEIR FUTURE EARNINGS IN ANY INVESTMENT WEATHER IT BE REAL ESTATE, STOCKS, BONDS, TREASURY SEC ETC....AND OUR HIGH EARNING BANKERS WILL TAKE PAUSE BEFORE MAKING DECISIONS...TAKE RESPONSIBILITY BECAUSE THE RESPONSIBLE INVESTOR AND TAX PAYER IS FED-UP WITH PAYING FOR THE MISTAKES OF OTHERS...AND YES...I HAVE A SUBSTANTIAL INTEREST IN OUR MARKET HOWEVER I AM THINKING OF OUR FUTURE GENERATIONS AND NOT MYSELF THEREFORE I WILL NOT PANIC SELL.......

Gingrich and his opinions ceased to be relevant when he was forced to resign after the mid-term elections of 1998 when democrats GAINED seats due to the popularity of Bill Clinton.

That's another of Bill Clinton's many great accomplishments - ridding this country of Newt Gingrich!

Newt its a hard pill to swollow, its political, and all these players should be retired.
No wording in the bill elimates future fraud by people who cannot qualify for a loan. they will clean this deck, ONLY TO GO RIGHT BACK AND DO IT AGAIN.

we have had enough, I just can't support any of this,let it all fall.
lizzy

Dems have the majority in the House, and in the House--the majority holds all the cards and makes all the rules.

All blame for the failure of this vote belongs to Nancy Pelosi and the Democrats!

Now that's Change you can foreclose on! The most worthless Congress ever!

Steve Schmidt, Mccain campaign Advisor, on Meet The Press this past Sunday:

"Schmidt argued: “Earlier in the week, when Senator McCain came back to Washington, there had been no deal reached. … What Senator McCain was able to do was to help bring all the parties to the table, including the House Republicans.”

_________________________________________________

My 401k sees that......

Freedom won today. All congressmen/women who voted for this bill will lose their re-election

Let it fail! As the markets fall,the banks fail in the U.S. and throughout the world throw open the books and investigate and realize the cause of this fiasco-the democrats! Two years ago they called regulators racists when they tried to jump in and regulate Fannie Mae and Freddie Mac-the video is on the internet.The lead mouth in this was B.Frank. The wrath of the world will fall on their shoulders. Ms Pelosi is a liar-she didnt have enough support for this when McCain showed up to help and she didnt have enough support for this today-NINETY SEVEN DEMOCRATS VOTED AGAINST THIS BILL! She cant even lead her own caucus and stands there and blames this on republicans. Wake up America-vote them out!

the people have spoken. this bill failed because the people called/emailed their representatives and voiced their opposition and we threatned to vote them out of office if more protections for us the taxpayer was not included in the bill. hold their feet to the fire.
i am a democrat, but thank you republicans for not allowing this bill to be shoved down out throats without more review. and thank you dems that were courageous and willing to support the people.

Read the $700 Billion Emergency Economic Stabilization Act of 2008 bill currently in Congress. Find it at:

http://www. obamaunveiled. com

I wish I had the patience to read the actual bill. If line 1 doesn't start with fixing the problem, then its a stupid bill. Not how to bail out the financial institutes, but how to correct whatever caused the problem in the first place. If it was caused by the U.S. Government forcing banking institutions to lend money to insolvent people, then that law needs to be rescinded first. Before any other talk.

Second item on the list would be for oversight of the bailout - especially with Fannie Mae and Fannie Mac.

It would only be deep down in the bill that I would even consider evaluating the bailout itself.

But since I'm not a lawyer or accountant, feel free to ignore me.

With the bailout smoldering in ruin, let's fix the real problem and repeal the Community Reinvestment Act. This piece of Socialist dogma forced banks to increase mortgages to lower income people who could not afford them, all in the name of Progressive Social policy. Bush and McCain tried to fix this mess in '03 and '05, and the Dems blocked it.

Now Barney Frank and Chris Dodd blame de-regulation for the disaster, when it was intrusive socialist interference in free credit markets that was the real culprit!

Newt Gingrich constantly ends up on the wrong side of an issue after having stuck to the right side of the issue. It is like the loser has lost his conservative mindset and is drifting ever closer to being a John "I was for it, before I was against it" Kerry, or a Bill "what way is the wind blowing" Clinton, or a Barack "I think the DC ban on guns is constitutional, Like I have always said, I think gun ownership is a personal right" Obama. I guess when you have no moral basis on which to stand you just flap around in the wind. Newt Gingrich has gone from being a strong advocate for American Energy to a supporter of Al Gore's We can solve it gorebull warming scare to a drill here, drill now, lower energy prices. What direction the wind blows in the future Newt?

If the vote stand, this is a fine example of democracy at action - in the worst NIMBY kind of way.

I don't think Main Street understands that they may have just lost out in a real way. It's not all about exec compensation and stock values, it's about money and credit.

"Wall Street" provides much of the money that keeps not just banks, but other institutions working. Except for small/midsize cash-only businesses, most companies rely on credit and loans for investment AND operational expenses -- if there's pressure on credit, companies eat into their cash at hand, as cash at hand dries (which it will for any companyoperating on net30, net60, net90 or more payment terms with customers), payroll can dry up, layoffs can happen, there's no new growth, and the downward spiral continue.

Think hospitals keep cash on hand to pay for all the staff/medicine/etc? Bye bye.

Pension and 401(k) lose value - bye bye retirement.

Students can't get loans to school - bye bye education (and kiss those scholarships away as foundations/schools need to tighten their belts and their asset values decline and they no longer have ).

This may still work out - there's political posturing on both sides that still has to play out.

But, it would be worthwhile for more Main Streeters to consider where the money (actual cash) that pays the food ($$) that has to be shipped ($$) that has to be stocked ($$) in a store ($$), or the money that pays for the company to issue a paycheck ($$), or the money that pays for the doctors/nurses/medicines ($$) in hospitals, and on and on.

The media shills for Democrats continually, gets them elected and then lies to the public about their screwups.

This is the consequence of it. Corrupt and incompetent Democrats caused this mess, they are NOT the solution.

The solution is, throwing every Congressional Democrat out of office, bodily, if necessary.

Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae’s accounting activities.
Raines left with a “golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear.

Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard “was a strong internal proponent of using accounting strategies that would ensure a “stable pattern of earnings” at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, “Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae.” Howard resigned under pressure in late 2004. Howard’s Golden Parachute was estimated at $20 Million!

Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million. Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. Johnson’s Golden Parachute was estimated at $28 Million.

WHERE ARE THEY NOW?

FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor.

TIM HOWARD? Howard is also a Chief Economic Advisor to Obama.

JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee.

Change?

These people would steal the change from your pockets.

Anybody But Obama/Biden...

Very soon, When you show up to work and no longer have a job, who will be suffering the most from this situation? The wall street bankers already have all of the money they will need, and the rest of the country will now understand the lives of our grandparents during the depression. Thanks a lot house republicans!!

Pelosi had to make this bailout about the virtues of being a Democrat - She blew this for America. .............
http://thefiresidepost.com/2008/09/29/pelosi-blew-this-deal/

pelosi tried to whip this issue into a partisan guilt trip. vote all these pigs across the board out of office straight ticket vote against anyone who supported/voted in favor either party.
look most professors require a 2 week prior review before even accepting a master's thesis. pelosi wanted a one night review of legislation that will raid our treasury. it deserves much more review, and transparency.

Colorado, get your facts straight, THis is the work of the BUSH administration.
Paulson, and Bush put an plan out and claimed it needed to be passed within 48 hours.

ok, folks, Fannie and Freddie are not part of this, they have already been bailed out. The issue here is the decision by the financial community to bundle mortgages and sell them like commodities, the people that took those mortgages had no say in that. This is the result of a decision by finance and investment companies to increase profit. The shot themselves in the foot by counting on a bubble not to pop. Now since we are a nation that survives on credit, it is necessary to keep that credit flowing.