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:
Hot Air, The Caucus, Portfolio, CNET News, Althouse, BuzzFlash.org, THE CUNNING REALIST, Electoral-vote.com, The Marathon Blog, Real Clear Politics, The Other McCain, Marc Ambinder, FT Alphaville, TIME.com, AFL-CIO NOW BLOG, MoJoBlog, Big Brass Blog, The RBC, Pacific Views, Time, European Tribune, No More Mister Nice Blog, Calculated Risk, Booman Tribune, Law Blog, PERRspectives Blog, On Deadline, L.A. Land, Corrente, McClatchy Washington Bureau, War and Piece, Washington Monthly and Firedoglake
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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.
Discussion:
Crooks and Liars, Commentary, The Anonymous Liberal, Jules Crittenden, Outside The Beltway, Marc Ambinder, The Moderate Voice, Buck Naked Politics, The Crypt's Blogs, Political Radar, Think Progress, Washington Post, Taylor Marsh, EconoPundit, Grasping Reality …, Los Angeles Times and Weekly Standard
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 …
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...
What Happened In The Cabinet Room...
Discussion:
Daily Kos, Betsy's Page, The Strata-Sphere, Washington Wire, Commentary and American Street
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
David Rogers / The Politico:
Deal would phase in bailout funds
Deal would phase in bailout funds
Discussion:
The Swamp, The Corner, HousingPANIC, Outside The Beltway, Political Punch, Emptywheel, Pajamas Media, I Am TRex and GINA COBB
Allahpundit / Hot Air:
Bailout deal collapses, Democrats try to blame McCain
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:
Financial Times, culturekitchen, Los Angeles Times, FT Alphaville, Portfolio and Firedoglake
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:
Vodkapundit, The Other McCain, Lonewacko, Riehl World View, Snowflakes in Hell and Hot Air
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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.
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 …
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 …
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
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
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
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