“Wall Street got us into this mess and I hope the congressional leadership will go back to the drawing board and write a bill that holds Wall Street accountable,” Walz said in his statement, “both through sensible regulation and oversight and by restricting the excessive golden parachutes for CEOs who got themselves in trouble.”

It was far from unanimous that Congress has time to work out a better bill. Republican Rep. John Kline, whose district includes Le Sueur County, voted for the bill because of concern that the financial crisis “was extending beyond Wall Street and threatening the jobs, homes and retirement security” of average Americans.

Republican Sen. Norm Coleman indicated before the House vote that he was likely to support the plan if it made it to the Senate.

“The consequences of doing nothing, or sliding into a partisan quagmire, are too great for us not to act ...,” Coleman said in a statement after the proposal was finalized over the weekend.

Al Franken, Coleman’s Democratic opponent, wouldn’t say whether he would have voted for the bill.

“Whether you support or oppose this plan, it’s really a sad day in America when taxpayers are asked to foot the bill for a mess they didn’t make,” Franken said.