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, CNET News, BuzzFlash.org, THE CUNNING REALIST, Electoral-vote.com, Hot Air, The Marathon Blog, The Other McCain, MoJoBlog, FT Alphaville, Time, AFL-CIO NOW BLOG, Calculated Risk, Big Brass Blog, The RBC, Pacific Views, Booman Tribune, European Tribune, TIME.com, Law Blog, PERRspectives Blog, McClatchy Washington Bureau, On Deadline, 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 …
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.
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.
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:
Daily Kos, Betsy's Page, The Strata-Sphere, Washington Wire, Washington Post, Commentary, American Street and The Crypt's Blogs
New York Times:
McCain Leaps Into a Thicket — Senator John McCain had intended to ride back into Washington on Thursday as a leader who had put aside presidential politics to help broker a solution to the financial crisis. Instead he found himself in the midst of a remarkable partisan showdown …
The Huffington Post:At White House, McCain Plays Bailout Spoiler
Discussion:
Washington Post, Daily Kos, The Other McCain, The Moderate Voice, Political Radar and Hullabaloo
David Rogers / The Politico:Deal would phase in bailout funds
Discussion:
The Swamp, CNN, The Hill, HousingPANIC, Outside The Beltway, MyDD, Emptywheel, Political Punch, I Am TRex, Pajamas Media, GINA COBB, The Corner and TIME.com
Allahpundit / Hot Air:Bailout deal collapses, Democrats try to blame McCain
Discussion:
Associated Press, The Hill, The Crypt's Blogs, Wonkette, Silent Running and The Other McCain
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 …
Discussion:
Los Angeles Times, Financial Times, FT Alphaville, Portfolio, Firedoglake and On Deadline
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.
Discussion:
The Strata-Sphere
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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:
Stop The ACLU
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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 …
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.
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
Dan Payne / Boston Globe:
Sell! Sell! McCain is tanking! — JOHN MCCAIN'S move to suspend his campaign and TV spots and to dodge tonight's debate is a panic attack, not cagey tactics. Place your “sell” order now. His poll numbers are tanking, fewer and fewer Americans believe Sarah Palin is qualified …
Discussion:
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