WATCH LIVE

Maine Congressmen Take Different Stances on Bailout 

Maine’s two congressmen maintained their

positions as the House joined the Senate in approving a $700

billion government bailout of the financial industry.

As he did Monday, Tom Allen voted in favor of the bill Friday.

Fellow Democrat Michael Michaud stood firm in his opposition.

Allen said the latest bill contains key changes to insure

oversight of financial markets, eliminate golden parachutes for

executives and provide opportunities for homeowners to avoid

foreclosure.

Michaud said the new bill, like the original, is fundamentally

flawed. He said it asks taxpayers, who were not responsible for the

credit crunch, to bail out Wall Street firms that caused the mess.

Sens. Susan Collins and Olympia Snowe voted for the bill

Wednesday. It now goes to President Bush for his signature.