Financial Crisis News Update – Thursday Late Night
Deal Now Stalled on Capitol Hill

- Tentative Accord Fails at White House Meeting – New York Times
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News Analysis: McCain’s Peril in Wading In – New York Times
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, lacking a clear public message for how to bring it to an end.
- Leaders Wrangle over Bailout Terms – Wall Street Journal
- Wrangling holds up U.S. bailout – Financial Times
- Fed keeps banks afloat as money market crisis deepens – Reuters
- White House meeting fails to yield bailout deal – Washington Post
WaMu Fails
- JP Morgan to acquire WaMu deposits – Financial Times
- WaMu is largest U.S. bank failure – Reuters
- JP Morgan Chase purchases WaMu – Washington Post


