Looks like the majority of the House agreed with me. The financial bailout in its current form is dead.
The usual way to fix this is for Congress to lard up to bill with pork so that more Congresscritters will vote for it. Watch for that approach to be forthcoming. Congress can be bought. It’s just a matter of the price, now.
OTOH, it is remotely possible that the Congressmen and Congresswomen that voted this bill down might vote for a new bill, with no bailouts for foreigners or mismanaged companies, no purchases of securities other than mortgages and strict controls on the Treasury Department.
Or, pigs will fly.
Fire Congress!
