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:
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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 …
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 …
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.
Discussion:
Dr. Sanity, Jules Crittenden, AlterNet.org, Corrente, Ron Paul's Campaign … and Crooks and Liars
Associated Press:
Lawmakers: Wall Street rescue accord reached
Lawmakers: Wall Street rescue accord reached
Discussion:
The Corner, Associated Press, Political Punch, The Huffington Post and Seeing the Forest
Allahpundit / Hot Air:
Bailout deal collapses, Democrats try to blame McCain
Bailout deal collapses, Democrats try to blame McCain
Discussion:
Associated Press, The Hill, Wonkette, The Crypt's Blogs, Silent Running and The Other McCain
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 …
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:
The Curious Capitalist, Gawker, Hot Air, TIME.com, All Spin Zone, Bubble Meter, The Edge of the American West, Slog, Brilliant at Breakfast and TPMCafe
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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 …
Glenn Reynolds / Pajamas Media:
MORE THUGGISHNESS: Obama threatening the licenses of TV stations that run NRA ads. — Haven't we had about enough of this? Related item here. They told me that if George W. Bush were re-elected there would be brazen efforts to suppress free speech on political grounds — and they were right!
Discussion:
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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.
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 …
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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
Discussion:
MSNBC
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:
Matthew Yglesias
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 …
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
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