Setback

Oh, dear.

A grand financial summit at the White House just concluded.  Participants included President Bush, presidential candidates John McCain and Barack Obama, and members of the respective party leaderships from both houses of Congress.

It did not go well. (Link via Hot Air; see update.)

Blame is flying, with everyone alleging that the other guy never intended to negotiate in any semblance of good faith.  If this is the shape negotiations are in come 9:30 tomorrow morning, look for the market to take a nosedive.

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