No Political News, Only Depressing Financial News Today Sorry KTHXBYE
The collapse of pretty much every commercial bank in America means both Barack Obama and John McCain have to talk a lot more about the economy. This is mostly bad for McCain. [ Wall Street Journal ]
John McCain calls sternly for a 9/11-style Commission to investigate what led to this crisis. Should we be alarmed that the Republican Party's presidential candidate seems to have no idea how this problem happened? [ ABC News ]
The head of Lehman was just like a simpleton homeowner: when it came time to sell his property, he wanted more for it than it was worth. [ New York Times ]
AIG, you're on notice! [ Washington Post ]
Hank Paulson tells Washington, "Sorry people I'm new here. What just happened?" [ Politico ]
And now central banks in Europe have opened up the floodgates and are dumping money into their own markets, hoping to forestall any disasters on their own shores. [ Financial TImes ]
The new Obama ad accusing John McCain of being a lying bastard appears to have gotten some press traction. [ Boston Globe, Washington Post ]