A Fine Mess  —  A friend serving in the Bush administration called Sunday to try to talk me out of my doubts about the $700 billion financial bailout the administration was asking Congress to approve.  I picked up the phone, and made the mistake of good-naturedly remarking …

Loan Titans Paid McCain Adviser Nearly $2 Million  —  Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

Hope, Change, & Lies: Orchestrated “Grassroots” Smear Campaigns & the People that Run Them [Updated]  —  ***Sticky***Scroll past on main page for newer posts***Updates sprinkled throughout post and summarized at end***  —  Extensive research was conducted by the Jawa Report to determine …

For release at 9:30 p.m. EDT  —  The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies.  —  To provide increased liquidity support to these firms as they transition …

Palin on Ahmadinejad: ‘He Must Be Stopped’  —  Governor Palin, the Republican nominee for vice president, was scheduled to speak today at a rally in Dag Hammarskjold Plaza to protest the appearance here of President Ahmadinejad of Iran.  Her appearance was canceled by rally organizers who sought a nonpolitical event.

A Mortgage Fable  —  Once upon a time, in the land that FDR built, there was the rule of “regulation” and all was right on Wall and Main Streets.  Wise 27-year-old bank examiners looked down upon the banks and saw that they were sound.  America's Hobbits lived happily in homes financed …

Steering the McCain Campaign, a Lot of Old Bush Hands  —  When Gov. Sarah Palin flew home to Alaska for the first time since being named the Republican vice presidential nominee, she brought along at least half a dozen new advisers to conduct briefings, stage-manage her first television interview …

The End-Times And Sarah Palin  —  Yes, she believes in them.  Of course she believes in them.  Her former pastor believes that Alaska will be the refuge for the faithful in the lower 48 states when the Rapture comes.  She is a Biblical literalist who denies evolution - who has to deny evolution - to remain in her church.

Fury at $2.5bn bonus for Lehman's New York staff  —  Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.

Conservatives Try New Tack on Campuses  —  COLORADO SPRINGS — Acknowledging that 20 years and millions of dollars spent loudly and bitterly attacking the liberal leanings of American campuses have failed to make much of a dent in the way undergraduates are educated, some conservatives have decided to try a new strategy.

New poll: Zero percent of Americans think national economy is improving.  —  A new American Research Group poll shows that “[n]o Americans say that the national economy is getting better,” while 82 percent say it is getting much worse.  Only 17 percent approve of President Bush's handling of the economy, with 78 percent disapproving.