Will Summit Lead to Mother of All Bailouts?

Friday, November 14, 2008 8:34 PM

By: Dave Eberhart

Amid a withering global economy, leaders of the world’s 20 largest industrial and emerging economies are set to meet in Washington, D.C., on Saturday. But President-elect Barack Obama will stay far from the fray.

Obama will send only a team of surrogates to the G-20 economic summit. The event will be largely focused on the worldwide financial meltdown and fears of a looming depression, according to experts.

While some global finance experts say the summit could marginally benefit from a show of leadership from Obama, few are surprised the incoming president is avoiding the painful conference.

“If you’re Obama, you want your fingerprints nowhere near this thing,â€