Second Chance: Bank Bailout Passes
On the revised bailout bill presented by the Senate on a take it or leave it basis to the House of Representatives, the resulting vote favored the bank bailout bill on a vote of 263 to 171. 63 Democrats and 108 Republicans voted no. The Virginia congressional delegation vote was also split with Congressman Bobby Scott (D) and Robb Wittman (R), Thelma Drake (R), Randy Forbes (R), Virgil Goode (R) and Robert Goodblatte (R) voting no. Eric Cantor (R), Frank Wolf (R), Tom Davis (R), Jim Moran (D) and Rick Boucher (D) voted yes. This is unchanged from Monday's result. The entire roll call is here.
The African American News attributes the turnaround to efforts by Senator Barack Obama to call members of the Congressional Black Caucus. Fourteen of the 21 CBC members who voted no on Monday voted yes on Thursday.
Still interesting was the vote cast by members of the House Banking Committee (see below the fold). Three Democrats and three Republicans on the committee switched sides, Democrats: Baca (CA), Cleaver (MO) and Carson (IN), Republicans: Biggert (IL), Barrett (SC), and Gerlach (PA).
MAJORITY
* Barney Frank, Chairman, Massachusetts Y
* Paul E. Kanjorski, Pennsylvania Y
* Maxine Waters, California Y
* Carolyn B. Maloney, New York Y
* Luis Gutierrez, Illinois Y
* Nydia Velázquez, New York Y
* Mel Watt, North Carolina Y
* Gary Ackerman, New York Y
* Brad Sherman, California N
* Gregory W. Meeks, New York Y
* Dennis Moore, Kansas Y
* Michael Capuano, Massachusetts Y
* Ruben Hinojosa, Texas Y
* William Clay, Jr., Missouri N
* Carolyn McCarthy, New York Y
* Joe Baca, California Y
* Stephen Lynch, Massachusetts N
* Brad Miller, North Carolina Y
* David Scott, Georgia N
* Al Green, Texas N
* Emanuel Cleaver, Missouri Y
* Melissa Bean, Illinois Y
* Gwen Moore, Wisconsin Y
* Lincoln Davis, Tennessee N
* Paul Hodes, New Hampshire N
* Keith Ellison, Minnesota Y
* Ron Klein, Florida Y
* Tim Mahoney, Florida Y
* Charlie Wilson, Ohio Y
* Ed Perlmutter, Colorado Y
* Chris Murphy, Connecticut Y
* Joe Donnelly, Indiana Y
* Bill Foster, Illinois Y
* André Carson, Indiana Y
* Jackie Speier, California Y
* Don Cazayoux, Louisiana N
* Travis Childers, Mississippi N
MINORITY
* Spencer Bachus, Ranking Member, Alabama Y
* Deborah D. Pryce, Ohio Y
* Michael N. Castle, Delaware Y
* Peter T. King, New York Y
* Edward R. Royce, California N
* Frank Lucas, Oklahoma N
* Ron Paul, Texas N
* Steve LaTourette, Ohio N
* Donald Manzullo, Illinois N
* Walter B. Jones, North Carolina N
* Judy Biggert, Illinois Y
* Christopher Shays, Connecticut Y
* Gary Miller, California Y
* Shelley Capito, West Virginia N
* Tom Feeney, Florida N
* Jeb Hensarling, Texas N
* Scott Garrett, New Jersey N
* Ginny Brown-Waite, Florida N
* James Barrett, South Carolina Y
* Jim Gerlach, Pennsylvania Y
* Steve Pearce, New Mexico N
* Randy Neugebauer, Texas N
* Tom Price, Georgia N
* Geoff Davis, Kentucky N
* Patrick McHenry, North Carolina N
* John Campbell, California Y
* Adam Putnam, Florida Y
* Michele Bachmann, Minnesota N
* Peter Roskam, Illinois N
* Kenny Marchant, Texas N
* Thad McCotter, Michigan N
* Kevin McCarthy, California N
* Dean Heller, Nevada N
1 comments:
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Recently an insurance company nearly wind up....
A bank is nearly bankrupt......filing chapter 11 protection.
How it affect you? Did you buy insurance? Did you buy mini note or bonds?
Who fault?
They bailout trouble finance company, but they will not bail out your credit card bills……You got no choice, and no point pointing finger but you can prevent similar things from happen again……
The top management of the Public listed company ( belong to "public" ) salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......because the top management will be concern about their own pay check……
Meanwhile if company was being acquired, there will be a great movement in terms of staff……eventually staff suffer also.
Some might feel that it sound stupid….. as there is long and Short position…but in reality there is still many different caliber CEO…..so there is still long and short…..They can ban short selling definitely they can do something about this.......
Are you a partisan?
Sign a petition to your favourite president candidate, congress member, House of representative again and ask for their views to comment on this, and what regulations they are going to raise for implementation.....If you agree on my point, please share with many people as possible.... Finance and Media are the two only industries can shaken politics ( Maybe Hackers can ), please help to highlight also...
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