House Votes Down Bailout Bill,
Stock Market Currently Down 500

The House of Representatives just voted down the bailout bill by a vote of 226-207.

Democratic: Yes – 141 No – 94

Republican: Yes – 66 No – 132

Totals: Yes – 207 No – 226

Supporters of the bill are working the House floor attempting to turn some of the No votes to Yes, so those totals will likely change a bit.

Meanwhile the stock exchange has been bouncing wildly. At one point it was down more than 700, but at this writing it has recovered to a mere -500.

UPDATE: The gavel has come down on the bill. Back to the drawing board.

Hang on to your hats, kids.