Friday, September 26, 2008


Politico reports on how intransigence by House Republicans, cowardice by House Democrats, and petty political maneuvering by McCain and Obama led to a breakdown in the bailout talks today just as it appeared an agreement was at hand.

With this coming in the same evening as the announcement of the failure/sale of Washington Mutual, Friday could be a scary day on Wall Street.  Not just an ugly day, but a scary day.

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