From Bloomberg:

Todd Tiahrt, a Kansas Republican, said the House of Representatives probably would have approved legislation authorizing a $700 billion bailout of financial companies yesterday had the measure included a suspension of fair-value. The House rejected the measure 228-205. It would “easily’’ have passed if the rules had been suspended, Tiahrt, who opposed the legislation, said in a Bloomberg Television interview today.

Tom Maguire, meanwhile, points out that the financial crisis has dimensions that a suspension would not solve.