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 …
Discussion:
The Caucus, Electoral-vote.com, The Marathon Blog, Hot Air, The Other McCain, MoJoBlog, FT Alphaville, Time, Calculated Risk, Big Brass Blog, The RBC, Pacific Views, Booman Tribune, TIME.com, European Tribune, Wall Street Journal, PERRspectives Blog, McClatchy Washington Bureau, Corrente, L.A. Land, War and Piece, Washington Monthly, Firedoglake, Vodkapundit and ECHIDNE OF THE SNAKES
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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 …
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
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.
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 …
Discussion:
Associated Press, Hot Air, Betsy's Page, The Strata-Sphere, Washington Wire, Commentary, Washington Post, American Street and The Crypt's Blogs
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 …
Charles Babington / Associated Press:
Frank blames House GOP for breakdown of deal — WASHINGTON - The chairman of the House Financial Services Committee declared Friday that an agreement on legislation to relieve a spreading financial crisis depends on House Republicans “dropping this revolt” against President Bush.
New York Times:McCain Leaps Into a Thicket
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Washington Monthly, Washington Post, Firedoglake, The New Republic, The Swamp, the talking dog, RADAMISTO and The Crypt's Blogs
Marc Ambinder:Bailout Agreement Unraveling?
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The Huffington Post, Salon, Los Angeles Times, Newshoggers.com, The Seminal and TalkLeft
Jackie Kucinich / The Hill:House GOP: We have leverage on bailout
Discussion:
Associated Press, The Crypt's Blogs, Swampland, Crooks and Liars, Gawker, Ben Smith's Blogs, Political Machine, Hullabaloo and The Swamp
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.
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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 …
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 …
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Marc Ambinder:
Palin On Foreign Policy, Nation Building, And Why She Disagrees With Kissinger — Here's an interesting exchange. Note that CBS verified Kissinger's position — that he favored diplomacy with Iran without preconditions, although not directly with Ahmadinejad.
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Alessandra Stanley / New York Times:A Question Reprised, but the Words Come None Too Easily for Palin
Discussion:
CBS News
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 …
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
WJBC.com:
Federal indictment of Governor? — Could Illinois Governor Blagojevich suffer the same fate as convicted former Governor George Ryan? Sources tell CBS 2 News Chicago that Federal agents claim to have enough evidence to indict Blagojevich on fraud and conspiracy charges.
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.
Jonathan Steele / Guardian:
Israel asked US for green light to bomb nuclear sites in Iran — US president told Israeli prime minister he would not back attack on Iran, senior European diplomatic sources tell Guardian — Israel gave serious thought this spring to launching a military strike on Iran's nuclear sites …
David Brooks / New York Times:
Thinking About McCain — I've been covering John McCain steadily for a decade. A few years ago, I worked on a book, which I foolishly never completed, on the U.S. Senate with McCain as the central character. So when I step back and think of McCain, even in the heat of this campaign …
CBS News:
Poll: Obama Leads; Interest In Debate High — CBS/NYT Survey Finds Obama Leading McCain By 5 Points With Three In Ten Uncommitted; Majority “Very Likely” To Watch Debate — (CBS) With 40 days left until the election, Democratic presidential nominee Barack Obama leads GOP rival John …
Discussion:
No More Mister Nice Blog
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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