"we’ve become a banana republic with nukes"

The bailout bill fails 228-205 (link goes to roll call). Per Paul Krugman:

So what we now have is non-functional government in the face of a major crisis, because Congress includes a quorum of crazies and nobody trusts the White House an inch. As a friend said last night, we’ve become a banana republic with nukes.

Dow is off 681 as of posting time (moving between 500-700 off). What an unbelievable clusterfuck.