Casie September 29, 2008 The biggest loss ever…. Lawmakers point fingers as bailout fails Read it for yourself. Get educated. Get informed. WASHINGTON (CNN) — Democrats and Republicans on Capitol Hill immediately blamed each other for the failure of a $700 billion bailout package in the House on Monday….. The stock market immediately dipped hundreds of points after it became apparent that the bill would fail. The Dow closed down 777 points at the end of trading Monday, a record plunge.