Stocks point lower on bailout clash, WaMu failure

Wall Street headed for a sharply lower open Friday as efforts to approve a $700 billion financial bailout unraveled and Washington Mutual Inc. was seized by federal regulators in the largest failure ever of a U.S. bank. Clogged credit markets tightened further as fears of a deepening economic crisis fed safe-haven buying.

Read Full Article from The Associated Press

- Posted: 2008-09-26 08:32:28

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