Items of interest in this target rich credit bailout crisis:
----
Intrade Bailout contract:US Congress to approve a government bailout of banks on/before 30 Sep 2008 --
----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:Paul Krugman: Demolition accomplishedFaiz / Think Progress: House GOP Aides: McCain ‘Not Familiar With The Details’ Of The Financial Bailout
Joe Klein / Swampland: What Actually Happened Yesterday—Sept. 25 EditionFelix Salmon / Portfolio: When it Rains, it PoursAssociated Press: Congress restarts troubled bailout talksE. J. Dionne Jr / Washington Post: The Photo McCain WantedChristopher Hayes / The Nation: Today in The Nation: Congressional DilemmaEd Morrissey / Hot Air: Just a reminder: House GOP can't block a bailout billPaul West / Baltimore Sun: McCain hints debate appearance ‘possible’David Kurtz / Talking Points Memo: STRANGE DAYS — It is no small irony that after years...
CNN: No deal after ‘contentious’ White House meetingSusanUnPC / NO QUARTER: Crisis Open Thread [Video Update + Susan Update]Michael Falcone / The Caucus: The Early Word: Debate LimboBig Tent Democrat / TalkLeft: Why The GOP Blew Up The Deal: McCain's Political StuntDeclan McCullagh / CNET News: Do you oppose the $700 billion Wall Street bailout? Click here.THE CUNNING REALIST: On Bended Knee — Surreal: … What I find most remarkable …David Saltonstall / NY Daily News: Rudy's ‘crass opportunism’ reflects on Mac: DemsElectoral-vote.com: Fri, Sep. 26 Electoral Vote Predictor Obama 286 McCain 252Robert Stacy McCain / The Other McCain: Another ‘celebrity’ you never heard ofJohn Riley / Spin Cycle: Friday's Ten: Implosion on the Hill?Mike Hall / AFL-CIO NOW BLOG: On Wall Street, Union Members Protest Corporate BailoutJules Crittenden: Politics Risen AboveJay Newton-Small / Time: Who's to Blame for the Bailout Deal's Stumble?The Raw Story: Paulson kneels before Pelosi, begs for bailout packageDark Wraith / Big Brass Blog: Bailout: Conservative Republicans Offer Weak AlternativeMark Murray / MSNBC: THE BAILOUT: JUDGING MCCAIN'S ROLEAnn Althouse / Althouse: Does McCain now wish he'd taken the Obama-style low-profile approach to the bailout?James Joyner / Outside The Beltway: Did McCain Kill Bailout?Pmcarpenter / BuzzFlash.org: Country Last — THE FIFTH COLUMNIST by P.M. CarpenterBlake Dvorak / Real Clear Politics: The Morning Report — In the Headlines — “Talks Implode During …Phil Singer / The Marathon Blog: Turning Point: Dems Can Go In For The Kill Now
----
Washington Post: Away from Wall Street, Economists Question Basis of Paulson's Plan — The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken very quickly and that this action …
Discussion:Todd Zywicki / The Volokh Conspiracy: MORE SKEPTICISM ABOUT THE BAILOUT: A quick roundup of commentary on the bailout:Lambert / Corrente: How the incredible HOLC would solve the “crisis” …
RELATED:
Mark Sanford / Washington Post:
A Bailout for All Our Bad Decisions?
Mark Sanford / Washington Post:
A Bailout for All Our Bad Decisions?
Discussion:Matt Lewis / Townhall.com: Fools Rush In ... Does it bother anyone else that Bush …
Peter S. Goodman / New York Times:
Credit Enters a Lockdown
Credit Enters a Lockdown
Discussion:Conn Carroll / The Foundry: Morning Bell: Market Rescue Dos and Don'ts
----
James Pethokoukis / Capital Commerce:McCain to Wall Street: Drop Dead? --How the bailout turns! If John McCain came out against the Paulson Plan, effectively killing it, would he not a) likely vault back into the lead vs.Barack Obama by opposing a trillion dollar bailout—maverick style!—that voters hate even if they think it somehow necessary, b) lock up working-class, "Sam's Club" voters in places like Michigan, Pennsylvania and Ohio, and c) send the base into Palinesque waves of ecstasy since Newt Gingrich/Rush Limbaugh/ Conservative Blogosphere have been ripping the bailout to shreds? ...
----
Washington Mutual is the Biggest Bank Failure in US HistoryWall Street Journal:
WaMu Seized, Sold Off to J.P. Morgan; Deal, Bailout Delay Rattle Investors — In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. late Thursday and struck a deal to sell the bulk of its operations to J.P. Morgan Chase & Co. ...
Discussion:Frank James / The Swamp: WaMu thunderclap in economic storm
RELATED:
New York Times:
Government Seizes WaMu and Sells Some Assets
New York Times:
Government Seizes WaMu and Sells Some Assets
Discussion:Myglesias / Matthew Yglesias: Nice Work If You Can Get ItBarbara Kiviat / The Curious Capitalist: Welcome to my bank, WaMu customers!Reuters: WaMu is largest U.S. bank failureWall Street Journal: J.P. Morgan to Take Over Faltering WaMuDealBook: Lessons From 124 Banking Blow-UpsEd Morrissey / Hot Air: Bank failure hits home — literallyRyan Tate / Gawker: Bad-News Death March Seems EndlessKrooney / TIME.com: Candidates React to WaMu Failure
----
- Mark-to-Market Isn't to Blame - Nicole Gelinas, City Journal
- Bankruptcy, and 'Counterparty' Myths - Steve Selinger, RealClearMarkets
- A Pledge to Help That Hurts - Floyd Norris, New York Times
- What Do They Mean By the Credit Crisis? - Editorial, New York Sun
- Main Street Needs the Treasury Plan - Kenneth Lewis, Wall Street Journal
- Bailout? Just Do Nothing - Joel Stein, Los Angeles Times
- Fannie & Freddie: Equal Opportunity Corrupters - David Boaz, Spectator
- Returning Taxpayer Accountability - Editorial, Investor's Business Daily
- How to Spend That $700 Billion - Sebastian Mallaby, Washington Post
- New Capitalism Will Never Be the Same - Irwin Stelzer, Weekly Standard
- Warren Buffett Is No Clark Kent - Tracy Corrigan, Daily Telegraph
- Goldman Sachs, Morgan Stanley Aren't Dead Yet - Roy Smith, Bloomberg
- Government Is the Only Solution - Reuven Brenner, National Post
- Market Mood Swings — Revisiting Ben Graham - K. Brouwer, Fundmastery
- Will the Dollar Drown in an Ocean of Debt? - Gary Dorsch, Sir ChartsAlot
- An Absence of Leadership - John Mason, Seeking Alpha
- Don't Worry About the FDIC - Felix Salmon, Market Movers
----
