Top Items:
Wall Street Journal:
Bear Stearns Closes in on Deal To Sell Itself to J.P. Morgan — Bear Stearns Cos. was closing in on a deal Sunday afternoon to sell itself to J.P. Morgan Chase & Co., as worries deepened that the financial crisis of confidence could spread if Bear failed to find a buyer by Monday morning.
Discussion:
Eschaton, The Big Picture, Emptywheel, Dealbreaker, Grasping Reality …, The Agonist and Reason Magazine
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New York Times:
JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount — Bear Stearns, facing collapse because of the mortgage crisis, agreed Sunday evening to be bought by JPMorgan Chase for a bargain-basement price of less than $250 million, the two companies announced.
Discussion:
Bloomberg, JustOneMinute, Crooked Timber, Obsidian Wings, Marginal Revolution and AMERICAblog
Scott Lanman / Bloomberg:
U.S. Fed Cuts Discount Rate, Says Dealers May Borrow — The Federal Reserve, in an emergency weekend decision, cut the rate on direct loans to commercial banks and opened up borrowing at the rate to primary dealers in government securities. — In an announcement before the start of trading …
Discussion:
Hullabaloo
Mike Allen / The Politico:
Obama's church accuses media of character assassination — The Chicago church attended by Sen. Barack Obama (D-Ill.) issued a statement Sunday contending that coverage of his pastor's inflammatory remarks amounted to character assassination and “an attack on ... the history of the African American church.”
Discussion:
Gateway Pundit, NewsBusters.org, Hot Air, The Sundries Shack, Political Byline, Donklephant, Stop The ACLU and PoliGazette
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Marc Ambinder:
An “Attack” On The Church — CBS News's John Bentley spent Palm Sunday at the United Church of Christ and was handed this press release:
Sweetness & Light:
Pastor Wright Erased From Obama's Website — Just like in the bad old days of the Stalinist Soviet Union, an inconvenient personage has been airbrushed from the Barack Obama campaign's website. — Before, via Google's cache (as retrieved on Mar 8, 2008 20:01:06 GMT): … And the current page:
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Think Progress:
One Year Later, Market Where McCain Strolled ‘Freely’ Is Controlled By Sadr, Too Unsafe For Americans To Visit — On April 1, 2007, Sen. John McCain (R-AZ) strolled through the open-air Shorja market in Baghdad in an effort to prove that Americans are “not getting the full picture” of what's going on in Iraq.
Discussion:
Crooks and Liars, The Newshoggers, Associated Press, The Seminal, Hullabaloo, Angry Bear and Political Byline
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ABCNEWS:
Bill Clinton: ‘Chill Out,’ Let Voters Decide — Former President Says Most Democrats Like Both Hillary Clinton and Barack Obama — Bill Clinton, in an exclusive interview with Robin Roberts, said he thinks Democrats are torn between two candidates they like, and that it's time to “chill out” …
Discussion:
TVNewser
New York Times:
Op-Ed Contributors: Reflections on the Invasion of Iraq — To mark this week's fifth anniversary of the invasion of Iraq, the Op-Ed page asked nine experts on military and foreign affairs to assess their previous and current outlook.
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New Jersey Online:
McGreevey aide says he had sexual trysts with ex-governor, wife — A former aide to James E. McGreevey said today that he had three-way sexual trysts with the former governor and his wife before he took office, challenging Dina Matos McGreevey's assertion that she was naive about her husband's sexual exploits.
Allahpundit / Hot Air:
Video: Juan Williams lowers the boom on Obama — By special request of Ace, who tells me his commenters were buzzing about it this morning. Williams has never had much patience for grievance culture so this shouldn't surprise. He's juggling a lot of balls here — the “authenticity” …
Discussion:
Little Green Footballs
Jeralyn / TalkLeft:
Newsweek Examines Eliot Spitzer's Life — In a very long article, Evan Thomas examines the life and background of Eliot Spitzer, trying to understand why he engaged in such reckless conduct. Shorter version: He was trying to please Daddy. — He describes Spitzer's family: … More...
Discussion:
Newsweek
Gallup:
Gallup Daily: McCain at 47% to Obama's 44% — PRINCETON, NJ — The latest Gallup Poll Daily tracking update on registered voters' general election preferences for president finds that John McCain has opened up a slight advantage over Barack Obama, 47% to 44%, while McCain and Hillary Clinton remained tied at 46% each.
Discussion:
TPM Election Central