Oklahoma Senator Jim Inhofe is on his way to Washington, DC, where a vote in the Senate tonight is expected on another financial rescue plan.

NewsChannel 8 spoke with Inhofe as he was preparing to board a plane. He says he expects the plan to pass through the Senate, but he won't likely vote for it.

"I don't even know what all they have put in this to try to pick up a few votes, so I can't really be as specific because no one has told me," Inhofe said. I don't think they've even decided. If it's like it was before -- I opposed it last time and I opposed it the time before -- I would oppose it this time."

"The problem is this -- you've got 700 asset managers," he continued. We don't know who they are, we don't know what criteria they used to determine what institution, we don't know what criteria they used to determine what asset, you'll have maybe three or four thousand asset managers, all from Wall Street, that would be making these determinations. That to me leads and encourages cronyism because they're going to make a determination on criteria that we don't know."

"An awful lot of really smart economists say that this isn't the end of the world and that there are other ways of doing it," he adds. "Newt Gingrich says it and several others. And, so I've looked at this and made a determination that I'm not willing to dump 700-billion dollars on a bunch of asset managers. So, unless they change it materially, I will oppose it."

Earlier this week, a similar plan in the House of Representatives failed.

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