Wall Street watches Washington

(02:30) Report

Sep. 26 - Stocks slide as government bailout talks break down and Washington Mutual is closed and sold off to JPMorgan Chase.

The seizure of Washington Mutual, the largest US savings and loan, is the US government's latest historic takeover. Meanwhile, jittery investors are keeping an eye on Washington legislators, who are due to resume talks to try and reach an agreement on a bailout of the financial sector.

Manoush Zomorodi reports.

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