By Matthew J. Perry
On Monday evening, Kirsten E. Gillibrand, Congresswoman of New York’s 20th district, voted against a bill that would have approved a bailout package for the nation’s financial sector. The bill failed to pass in the House of Representatives by a vote of 228-205.
Gillibrand released the following statement to explain her vote: “While I am fully aware of the seriousness of the financial problems in the market, I do not believe the bill Congress voted on today was the right approach. The bill has insufficient oversight and protections and does not address the root causes of the crisis or the poor economy."