Wonkette
- The Federal Reserve approved a $30 billion credit line this weekend to fund Bear Sterns’s “less-liquid assets.” JPMorgan Chase is buying the investment bank for about $2 per share — a 93% discount over its closing price Friday. The lesson: bargain shoppers really can clean up on Sunday sales. [New York Times, New York Times]
- The Bear Sterns collapse takes down a cadre of double-chinned billionaire fat cats. [Wall Street Journal]
- After taking a back seat to soccer moms and security moms, a once neglected population proves crucial to the Democratic vote: white males. [Washington Post]
- A conservative Web site says Barack Obama attended one of his pastor’s crazy “sometimes it is not so pleasant to be a black person in America” sermons even though Obama says he didn’t. [Los Angeles Times]
- Obama’s church defends itself. [Politico]
- Tibetans step up their protests against the Chinese. [Wall Street Journal]
DAILY BRIEFING
