To further complicate an already complicated market picture tonight, it turns out that House Republicans have decide to stonewall the Paulson Plan, in favor of an insurance fund that would avoid the use of taxpayer dollars.
Where were they last weekend? It's been a week since Paulson and Bernanke outlined their plan, and time is of the essence.
The US Government intervention may still happen over the next few days, but it is hard to say how the markets are going to behave tomorrow morning. As of 11:45 PM EST, the S&P futures are down 16 points below fair value. Yet another wild ride.
Oh by the way, Washington Mutual is gone. Largest U.S. bank failure in history.
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