The bailout bill before the U.S. House failed 228-205 Monday afternoon, with the two lawmakers in our area, U.S. Rep. Marcy Kaptur, D-Toledo, and U.S. Rep. Bob Latta, R-Bowling Green, joining the majority in voting no.
Kaptur has issued a several page news release outlining her own reform ideas. It's not posted on her Web site yet, but a section of her site on the financial crisis is available here. (Congressional Web sites were loading slowly because heavy traffic overwhelmed the computers, so you may have to be patient.)
I can't find a detailed statement yet on Latta's Web site giving his views on the financial crisis, but he issued a statement after voting against the bailout:
"Thanks to the hard work of Leader John Boehner and House Republican leadership, this bill has been tremendously improved upon from were it began last week. This bill took an unnecessary, expedited track through the legislative process. Because of this legislative fast track, there are still many unanswered questions and provisions within this bill that I cannot support. I firmly believe that Congress must do all it can to protect the taxpayers of this country. I look forward to continuing to work with my colleagues in a bipartisan effort to further improve this legislation.”
More on this in Tuesday's newspaper.