Generation Obama?  Perhaps Not.  —  Sunday evening, Ben Affleck and Jennifer Garner held a “Generation Obama” fund-raiser at Boston's Rumor Nightclub.  In case you're not up on the Boston club scene, I should tell you that Rumor “brings together the sexiest and hippest people from around the globe” …

Just 8% Have Favorable Opinion of Pastor Jeremiah Wright  —  Pastor Jeremiah Wright, who has become part of the national political dialogue in recent days, is viewed favorably by 8% of voters nationwide.  A Rasmussen Reports national telephone survey found that 58% have an unfavorable view …

Washington Insider with Ronald Kessler  —  Obama Attended Hate America Sermon  —  Contrary to Senator Barack Obama's claim that he never heard his pastor Jeremiah A. Wright, Jr. preach hatred of America, Obama was in the pews last July 22 when the minister blamed the “white arrogance” …

I Don't Know What You Did Last Summer  —  Barack catches a break [but Ambinder and Sully need to give me a break - see below] - the NewsMax reporter who claimed Obama was in the church nodding in agreement during yet another of Jeremiah Wright's speeches has a space-time problem.  From NewsMax:

JP Morgan Pays $2 a Share for Bear Stearns  —  In a shocking deal reached on Sunday to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm's market price on Friday.  —  As part of the watershed deal, JPMorgan and the Federal Reserve …

The Buck Stops Where?  —  In the credit market panic that began in August, we have now reached the point of maximum danger: A global run on the dollar that could become a rout.  As the Federal Reserve's Open Market Committee prepares to meet tomorrow, this should be its major concern.

Sold!  —  So JP Morgan has agreed to buy Bear Stearns at $2 a share.  As others have already pointed out, this is, from the point of view of the shareholders, just barely better than bankruptcy.  Talk of a bailout of the bank is silly—this wasn't a bailout; it was an orderly winding-up of business.

Bear Stearns Chairman Played Cards Amid Crisis-WSJ  —  NEW YORK (Reuters) - Bear Stearns Cos Inc (BSC.N: Quote, Profile, Research) Chairman Jimmy Cayne was playing cards in a tournament late last week while his company's future appeared to be at risk, according a published report.

Democrats unable to agree on Florida do-over  —  The ongoing problem of how to resolve Florida's outsider status in the presidential race continued to divide Democrats.  —  AIM  —  lclark@MiamiHerald.com  —  As the Florida Democratic Party gets ready to decide Monday whether to pull …