Congressman Stephen Lynch said Monday night that he voted against the $700 billion Wall Street bailout plan because it asked too much of taxpayers and not enough of those on Wall Street that would benefit from the measure.

The Boston Democrat told PolitickerMA.com that the bill, which failed to pass Monday, did not do enough to protect the interests of taxpayers, who would be forced to pay for the bailout.

"From a general perspective," Lynch said, "the entire burden was placed on the average taxpayer while at the same time Wall Street and those that were going to get the greatest bailout were not asked to pay anything more."

"The benefits went to Wall Street and the burdens went to the taxpayer," Lynch added, "and that just isn't fair."

Lynch said he spoke with Congressmen Bill Delahunt (D-Quincy) and John Tierney (D-Salem), the other Bay State representatives who voted against the measure, before the vote.

Lynch also said that there is room for improvement in the bill.

"This is not the best plan to resolve this, it's the best plan they could come up with in eight days," Lynch said. "I thought we owed it a bit more work. I am certainly willing to go back at it again and make this a better package."