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Actually Id like to know Why The Republicans killed this Bill and why Citizens were 100 to one by Calls, and Email`s agenst
the bail out? When My Wife and I got Our Loan in 1983 Our loan payment couldent be more than one weeks pay what happened to that Rule? Who was the Guilty Party in this Fiasco? If it was the bank`s Fault I say let them Fall. What did Obama and Mc Cain have to do with this?

It was explained to me the following:

The Republicans DO NOT have the votes to pass or fail the bailout bill. They would need help from the Democrats.

However...

The Democrats DO have the votes to pass or fail the bailout bill themselves. No help needed by the Republicans.

The bill failed because the DEMOCRATS voted against it, NOT the Republicans.

The U.S. House of Representatives failed to pass the $700 billion emergency rescue for the nation's financial system, even after warnings from President George Bush and congressional leaders that the economy would suffer without it.

In all, 65 Republicans joined 140 Democrats in voting "yes," ( total of 205).

While 133 Republicans and 95 Democrats voted "no." (total of 228).

Now as I understand it, the Republicans do NOT have the votes alone to pass or fail the rescue plan without the Democrats help (or votes).

However, the Democrats DO have the votes to pass or fail it, whatever they wanted to do without anything from the Republicans.

As you can see, (regardless of what the media is saying that the Republicans killed this plan) there were lots of Democrats who voted against the plan as it was written and sided with the majority of the Republicans to kill it.

The Republicans did not kill it, the Democrats did and did it in a big way.

The responsibility of how "we" got to this point belongs to Mr. Barnie Frank and Ms. Maxine Walthers. Like so many failed issues, race had a big part to play here and history will show it was behind this failure as well. 20 years ago, you were measured on your ability to repay your loan. 4 to 5 years ago it mattered not if you could repay it, just get you into the house. In 4-5 years the loan will be revised and you can worry about selling it at inflated values or just walk away. No one saw the property values going south at the same time the creative financing coming due. Many unqualified found themselves in unside down loans they could not pay for so they simply walked away leaving Fanny May & Fanny Mac to hold the bag along with the banks. 18 months ago my home was worth so much that I could NOT qualify for a loan to buy it based on my income and ability to pay.