After the failed vote on Monday, and the major decline with the stock market, the question on the minds of the general public seemed to be “What happens next”.  Well, it appears the next steps have been identified. Wednesday evening, at 7:30 PM, the Senate will vote on a version of the bill.

The next question the general public should be asking is what differentiates what is moving forward in the Senate from what was denied in the House. On first glance – nothing major.  The only thing that really sticks out is the request to raise FDIC insurance limits from $100,000 per account to $250,000 in an attempt to prevent any further runs on financial institutions.  

Let’s assume, for a moment, this will pass the Senate. Why are we to think this will pass the House? Nothing has changed; nothing is significantly different as of yet, so why will 12 more lawmakers vote in favor of passing the bill?

The question I have, if passed, is how are the people who formally voted no benefiting by voting yes?  That is really the question.

Related posts:

1. Financial Bailout – Where do we go from here?
2. The financial crisis we face…
3. You think your presidential candidate should be a leader during this financial crisis? Well, here you go.
4. Market Conditions and the bailout
5. The Stock Market, AIG and the financial crisis