The Morning Read: Friday, September 26, 2008

Last night, as negotiations over bailout went bad, Washington Mutual was seized by the government, becoming the largest bank failure in American history.

Warren Buffet says if the government does nothing, we’ll need help from "heaven."

“John McCain did nothing to help” the failed bailout negotiations, said Harry Reid.

Talks turned into “a verbal brawl,” reports The New York Times.

House Republicans balked at the deal.

Ben thinks that even if McCain was unhelpful, by showing up he kept people from talking about Rick Davis or Sarah Palin.

Dorothy Samuels thinks Palin "owes voters an explanation" on why the town of Wasilla charged rape victims for exams when she was mayor. Campaign spokespeople, however, were not forthcoming.

Palin accepted $25,000 in gifts as governor.

After it was reported that she kept donations from corrupt politicians, Palin said she would return them.

Palin’s parents were part of animal-control efforts at Ground Zero.

New Yorkers are at center stage in the bailout drama, writes Dan Janison.

Rudy Giuliani’s firm wants to help businesses benefit from the federal bailout, which the Daily News thinks reflects poorly on McCain.

Former Giuliani aide Russell Harding is blogging.

The site was created in August.

“I will be trying merely to convey historical events accurately,” Harding wrote.

The Democrat & Chronicle congratulates New York for participating in the Great Lakes Compact and the Regional Greenhouse Gas Initiative.

Sheldon Silver’s law firm hired Erin Brockovitch.

She’ll be in the company’s television ads.

Charlie Rangel knows the people investigating him well.

David Paterson wants to talk to legislative leaders about the economy.

“I think it’s clear we need to come back before January,” Paterson said.

Tom Precicous has doubts.

Tom DiNapoli announced a plan to monitor who gets benefits from state pension funds.

Andrew Cuomo issued subpoenas to Long Island Rail Road officials as part of a probe about retiree benefits.

And in the comments section, Jerry Goldfeder doubts says it’s wrong should anyone will get turned away from the polls for wearing Obama gear.

The Morning Read: Friday, September 26, 2008