Top Items:
New York Times:
Fate of Bailout Plan Remains Uncertain — WASHINGTON — The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation. It dissolved into a verbal brawl in the Cabinet Room of the White House, urgent warnings from the president and pleas …
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ABCNEWS:
Deal May Be Dead: Democrats Blaming McCain — Obama, McCain Leave White House Without Deal on $700 Billion Bailout — After days of bipartisan negotiations and meetings today at the White House, the deal to bail out staggered investment banks may be dying amid partisan finger-pointing.
The Politico:
Wall Street bailout plan breaks down — Treasury Secretary Henry Paulson left a late-night session at the Capitol Thursday without a deal on the bailout plan the White House says is needed to prevent economic disaster. — Four of the five parties involved in the deal — House Democrats …
Marc Ambinder:
Bailout Agreement Unraveling? — During the White House meeting, it appears that Sen. John McCain had an agenda. He brought up alternative proposals, surprising and angering Democrats. He did not, according to someone briefed on the meeting, provide specifics.
Discussion:
The Huffington Post, Salon, Newshoggers.com, The Seminal, The Crypt's Blogs, No More Mister Nice Blog and TalkLeft
Jackie Kucinich / The Hill:
House GOP: We have leverage on bailout — House Republicans say they have significant leverage on the revamped bailout package, claiming that Democrats will scramble for votes unless they make changes to it. — Republicans in the lower chamber are balking at the bailout package …
Discussion:
Associated Press, The Crypt's Blogs, Swampland, Crooks and Liars, The Corner, Gawker, Political Machine, Hullabaloo, The Swamp and Ben Smith's Blogs
Marc Ambinder:
What Happened In The Cabinet Room... Though Sen. Chris Dodd implied that Sen. McCain sandbagged the rest of the negotiators by bringing up alternative proposals, McCain himself did not bring up those proposals, according to four independent sources briefed by four different principals inside the meeting …
David Rogers / The Politico:
Deal would phase in bailout funds — The leaders of House and Senate banking committees reached a bipartisan agreement Thursday on the framework for legislation authorizing Treasury's ambitious $700 billion rescue plan for the financial markets. — The final language of the bill must still …
Discussion:
CNN, beliefnet, Time, The Corner, Outside The Beltway, New York Times, The Swamp, HousingPANIC, MyDD, I Am TRex, Emptywheel, Political Punch, Pajamas Media and ECHIDNE OF THE SNAKES
Jonathan Martin / Jonathan Martin's Blogs:
McCain to do round of network interviews tonight — John McCain will appear on all three network newscasts tonight, a top aide said. — McCain is at the White House meeting with President Bush, Barack Obama and congressional leaders now and will tape interviews with NBC, ABC and CBS after the West Wing session.
David Kurtz / Talking Points Memo:
STRANGE DAYS — It is no small irony that after years of being at odds with the right wing of his own party, John McCain is staking his campaign for the presidency on it. — During the late afternoon meeting at the White House (a meeting which was McCain's idea), McCain sat silently …
Ryan Grim / The Crypt's Blogs:
Frank: Republicans “winced” when McCain was mentioned in meeting
Frank: Republicans “winced” when McCain was mentioned in meeting
Discussion:
The Swamp
Washington Post:
Palin Accepted $25,000 in Gifts, Alaska Records Show — Alaska Gov. Sarah Palin, who has made a crackdown on gift-giving to state officials a centerpiece of her ethics reform agenda, has accepted gifts valued at $25,367 from industry executives, municipalities and a cultural center whose …
Discussion:
Buck Naked Politics
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Alessandra Stanley / New York Times:
A Question Reprised, but the Words Come None Too Easily for Palin
A Question Reprised, but the Words Come None Too Easily for Palin
Marc Ambinder:
Palin On Foreign Policy, Nation Building, And Why She Disagrees With Kissinger
Palin On Foreign Policy, Nation Building, And Why She Disagrees With Kissinger
Discussion:
Eunomia
CBS News:
Exclusive: Palin On Foreign Policy
Exclusive: Palin On Foreign Policy
Discussion:
Los Angeles Times, State of the Day, American Spectator, democracyarsenal.org and The Huffington Post
Wall Street Journal:
J.P. Morgan to Take Over Faltering WaMu — U.S. Government Helps Broker a Deal to Dispose of Huge Thrift; Banking Giant Expected to Get Deposits, Branches — In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. and struck a deal …
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New York Times:
Government Seizes WaMu and Sells Some Assets — Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.
Discussion:
Bubble Meter, Slog, The Curious Capitalist, AMERICAblog News, The Edge of the American West and TPMCafe
Nate Silver / FiveThirtyEight.com:
McCain Doubling Down on Debate? — A somewhat contrarian view: — I really can't imagine John McCain not attending the debate tomorrow. Although it's hard to know exactly how the spectacle would play out — Obama fielding questions from Jim Lehrer by himself? — as I opined last night …
Discussion:
First Draft
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MSNBC:
The ‘lost’ Palin files — When federal judges in San Francisco ruled in 2002 that reciting the Pledge of Allegiance in public schools was unconstitutional because it included the phrase “under God,” Sarah Palin was not amused. Palin, who at the time was Mayor of Wasilla, Alaska …
Discussion:
USS Neverdock
Paul Krugman / New York Times:
Where Are the Grown-Ups? — Many people on both the right and the left are outraged at the idea of using taxpayer money to bail out America's financial system. They're right to be outraged, but doing nothing isn't a serious option. Right now, players throughout the system are refusing …
Discussion:
Firedoglake
Gateway Pundit:
Missouri Sheriffs & Top Prosecutors Form Obama “Truth Squads” & Threaten Libel Charges Against Obama Critics — More Hope and Change for Missouri... St. Louis and Missouri Democrat sheriffs and top prosecutors are planning to go after anyone who makes false statements against Obama during his campaign.
David Deming / Edmond Sun:
Why Obama will lose — EDMOND — When Benjamin Franklin was dispatched to France as ambassador of the United States in 1776, he won the hearts of the French through his authenticity. Rather than take on an affected and phony continental style, Franklin eschewed the powdered wig …
Discussion:
Confederate Yankee