Top Items:
Andrew Ross Sorkin / New York Times:
In Frantic Day, Wall Street Banks Teeter — In one of the most dramatic days in Wall Street's history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers …
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Board of Governors of the Federal Reserve System:
For immediate release — The Federal Reserve Board on Sunday announced several initiatives to provide additional support to financial markets, including enhancements to its existing liquidity facilities. — “In close collaboration with the Treasury and the Securities and Exchange Commission …
Wall Street Journal:
Bank of America Reaches Deal for Merrill — In a rushed bid to ride out the storm sweeping American finance, 94-year-old Merrill Lynch & Co. agreed late Sunday to sell itself to Bank of America Corp. for roughly $44 billion. — The deal, which was being worked out in 48 hours of frenetic negotiating …
Discussion:
Dealbreaker, Firedoglake, DealBook, The Agonist, The Big Picture, naked capitalism, Truthdig and Calculated Risk
DealBook:
Lehman Expected to File for Bankruptcy Protection — According to people briefed on the matter, Lehman Brothers will file for bankruptcy protection on Sunday night, in the largest failure of an investment bank since the collapse of Drexel Burnham Lambert 18 years ago.
Wall Street Journal:
Barclays Walks from Lehman Deal; Likelihood for Transaction Narrows — The fate of Lehman Brothers Holdings Inc.'s darkened early Sunday afternoon after Barclays PLC, the sole remaining bidder for the 158-year-old Wall Street firm, told federal regulators that it is walking away from a transaction, people familiar with the matter say.
Wall Street Journal:
AIG Scrambles to Raise Cash, Talks to Fed — Insurer Looks to Sell Automotive Business, Annuities Unit; — It Seeks $10 Billion in Fresh Capital as Downgrade Threatens — Insurer American International Group Inc., succumbing to relentless investor pressure that drove its shares down 31% …
Paul Krugman / New York Times:
Financial Russian Roulette — Will the U.S. financial system collapse today, or maybe over the next few days? I don't think so — but I'm nowhere near certain. You see, Lehman Brothers, a major investment bank, is apparently about to go under. And nobody knows what will happen next.
Jeffrey Goldberg:
About that McCain Photo — Like others at the Atlantic, I was appalled to read about the actions of Jill Greenberg, the freelance photographer who took the cover portrait that illustrates my article about John McCain. Greenberg doctored photographs of McCain she took during her Atlantic-arranged shoot …
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Ginger Adams Otis / New York Post:
MAC HATER HAS A LOUSY ‘IMAGE’ — MAG FOTOG IN DIRTY TRICK TO TURN POL ‘EVIL’ — Controversial celebrity photographer Jill Greenberg, a self-professed “hard-core Dem,” deliberately took a series of unflattering shots of Republican nominee John McCain for the current cover of The Atlantic - and then bragged about it on a blog.
Discussion:
Megan McArdle, Wolf Howling, Pajamas Media, Chicago Boyz, Gateway Pundit, NewsBusters.org, Exurban League and Ed Driscoll.com
L.L. Brasier / Detroit Free Press:
Bad voter applications found — Clerks see fraudulent, duplicate forms from group — Several municipal clerks across the state are reporting fraudulent and duplicate voter registration applications, most of them from a nationwide community activist group working to help low- and moderate-income families.
CNN:
Rove: McCain went ‘too far’ in ads — (CNN) — Former Bush adviser Karl Rove said Sunday that Sen. John McCain had gone “one step too far” in some of his recent ads attacking Sen. Barack Obama. — Rove has leveled similar criticism against Obama. — “McCain has gone in some of his ads …
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Andy Ostroy / The Huffington Post:
Why Replacing Biden With Hillary Makes Perfect Sense for Obama — Sen. Joe Biden's a perfectly appropriate vice presidential running-mate for Sen. Barack Obama. He's got 36 years of Senate experience, is a true intellect, a foreign policy expert, and a genuinely nice guy.
Discussion:
Stop The ACLU
Lisa Lerer / The Politico:
Palin hit hard on the Sunday shows — Palin-mania continued to dominate the conversation on the Sunday morning talk shows, as Democrats slammed Republican vice presidential nominee Sarah Palin for distorting her record in ads and on the campaign trail. — The attacks came in the midst …
Robert Stacy McCain / The Other McCain:
They've ruined SiteMeter — UPDATED & BUMPED: Wow! They listened: … That's amazing. Glad to hear it. — UPDATE: Also got the Ace-o-lanche while the Bad New SiteMeter was in effect. And Ace is right: If they want to add new stuff, OK, but keep the old stuff we like.
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John Griffin / Political Punch:
Why Doesn't McCain Use a Computer? — Sen. Barack Obama, D-Ill. introduced a new TV ad his week that paints Sen. John McCain, R-Ariz., as out of touch for being, when it comes to technology, shall we say a touch “old-school.” — “1982, John McCain goes to Washington,” the narrator says.
Discussion:
Boston Globe, Commentary, Hot Air, Mother, May I Sleep …, Betsy's Page, THE ASTUTE BLOGGERS and Ben Smith's Blogs
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The Huffington Post:
Tina Fey As Sarah Palin On SNL (VIDEO) — Read More: Palin On Snl, Sarah Palin, Sarah Palin Saturday Night Live Video, Sarah Palin Snl, Sarah Palin Snl Video, Sarah Palin Tina Fey, Snl Sarah Palin, Snl Sarah Palin Tina Fey, Snl Tina Fey As Sarah Palin, Snl Tina Fey Sarah Palin, Tina Fay Sarah Palin …
Discussion:
Dean's World
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Tahman Bradley / Political Radar:Live From New York, It's Sarah (Tiny Fey) Palin!
Discussion:
Campaign Silo, Top of the Ticket, Christian Science Monitor, Taylor Marsh, Liberal Values and Wake up America
Akmuckraker / Mudflats:
‘Alaska Women Reject Palin’ Rally is HUGE! — I attended the Welcome Home rally for Sarah Palin this morning. Hooo. It was an experience. About a thousand (maybe) hard-core Palin supporters showed up to hear her speak at the new Dena'ina Convention Center in downtown Anchorage.
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Patrick Nielsen Hayden / Making Light:
Either a heart attack, or a Greek of the same name — Some kind of “burying the lede” prize has to go to Teresa Nielsen Hayden for using a comment in a downblog thread, rather than Making Light's front page, to tell her readership that she'd been carted off to the hospital following what was probably a heart attack.
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