Bailout bill failing in the House. Market plummeting. They are holding the vote open to try to change votes. Much drama. Wow.

Edit 18:14 UTC: It is official, the bill did not pass.

I note that the original Treasury Department proposal, extremely flawed as it was… was three pages long. The compromise that came out Sunday appears to be 110 pages long. Nice.

(Full text at Huffington Post and elsewhere.)