My estimate of the situation is that Speaker Pelosi deliberately killed the bill, by giving a "speech" she knew was a) a lie, and b) would infuriate Republicans. See my comments above. This situation rests squarely on the back of the Democrats. (And the Republicans deserve to be hammered for letting them do it.) Keeping politics off this forum is one thing; allowing misinformation to disseminate is another.

My guess is that Paulson, et. al., will pull the banking community together to resolve the liquidity crisis over the next few days.