Steven Lynch Opposes Financial Bailout
According to the official roll call vote on the failed financial bailout legislation in the U.S. House of Representatives today, 9th District Representative Steven Lynch was one of 95 Democrats who broke ranks with party leadership to defeat the compromise agreement this afternoon. There is a lot not to like about taking $700 billion of taxpayer money to buy up bad loans, but it will be interesting to hear why he voted as he did.
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class divide?
According to the Globe today, Lynch voted against the legislation because ""Wall Street and the folks most likely to benefit from this bailout were not asked to contribute anything..." and "This was largely placed on the shoulders of the American taxpayer."