The House of Representatives rejects the historic proposed bailout for the financial markets.
The vote against the measure was 228 to 205, with 133 Republicans joining 95 Democrats in opposition. The bill was backed by 140 Democrats and 65 Republicans. The Roll Call vote is here. The Nay's are here. The 95 Democrats who voted against it are in Roman letters and the Republicans are in italic.
The historic vote failed in part because the House Republican leadership failed to deliver the 70 to 100 votes needed from their side.
The financial markets plunged as the "nay" votes mounted and "at one point sending the Dow Jones industrials down more than 735 points." The markets have somewhat stabilized at around a 500 point loss as of 3:30ET.
The rescue package was crafted over the weekend by Speaker Nancy Pelosi, Rep. Barney Frank, Sen. Chris Dodd and the House Minority Leader John Boehner.