The U.S. House of Representatives changed its collective mind, but Third District Congressman Phil English did not.

English voted on Friday as he had on Monday on the $700 billion financial rescue package - "No."

Fifth District Rep. John Peterson, as he had on Monday, voted "yes" on Friday.

"My assessment of the bill on Monday remains my assessment today," English said on Friday. "This bill fails to meet the minimum thresholds of including real consequences for bad actors, strong taxpayer protections and accountability and transparency of any tax dollars. The House leadership has adopted an iron-clad rigidity which prevents real alternatives to this flawed plan."

As he had on Monday, English argued the revised bill offered no options for dealing with the financial crisis.

"Despite the addition of an increase in deposit insurance for accounts in banks and credit unions, the bill before the House today retained the unacceptable loopholes which allow foreign banks to participate in a taxpayer-funded asset purchase program and left open the escape hatch of golden parachutes for executives on Wall Street that stuck the taxpayers with the tab in the first place," said English.

English said the bill offered a poor remedy.

"A number of alternatives as well as a host of additional safeguards were delivered to the bipartisan House leadership responsible for negotiating the contents of the bill," said English.

But those alternatives, he said, were flatly rejected.

"The challenges facing our financial markets are real and Congress should have engaged in a deliberative process to craft a measured response that put the taxpayers front and center," said English. "Instead, the Congress considered a bill today which, nearly identical to its previous version, contained the same flawed framework to which I strongly objected on Monday."

Peterson said he spent time talking to various experts in the financial marketplace over the last several days, seeking their advice on which way to vote. In the end, he said he was swayed by their opinions, not pressure from political leadership.

"I called various business people who understand the credit market," Peterson said. "(They explained) our small businesses weren't going to have credit, our citizens weren't going to have credit. When there is no credit, there is no chance of growth."

Peterson added that the bailout package would provide liquidity into the credit industry, which will allow needed buyouts to happen, hopefully preventing more bank collapses down the road.

Peterson blasted the White House administration, particularly Treasury Secretary Henry Paulson, for the way they handled the country's economic crisis.

"I thought the way the administration handled it, they caused a lot of fear and panic," Peterson said. "Panic causes banks to fail. We had to settle things down. People start taking their money out of the banks and putting it under their mattresses."