The Wall Street rescue is still up in the air, but the presidential debate will be held tonight at the University of Mississippi. We talk about the financial crisis, the political drama and the candidates' views on foreign policy.
FROM THIS EPISODE
Last night saw the biggest bank failure in American history. Washington Mutual Savings and Loan was seized by the federal government and immediately sold to JP Morgan Chase for $1.9 billion. Daniel Gross is a senior editor at Newsweek magazine, where he writes the Contrary Indicator column. He also writes Moneybox for Slate.com.
With Washington Mutual the latest Wall Street domino to fall, Democrats blame John McCain for urging House Republicans to hold up the taxpayer bailout. President Bush says it just has to happen, but it's unclear if McCain wants to kill the highly unpopular measure or broker a compromise. Meantime, McCain has left Washington for Mississippi, where Barack Obama will meet him to debate foreign policy. We update the financial crisis and the political drama.
Both Barack Obama and John McCain have now indicated they will show up tonight to debate foreign policy at the University of Mississippi. What are the voters learning about the styles and approaches of McCain and Obama? What are their differences and similarities on dealing with Russia, North Korea, Iran and the wars in Iraq and Afghanistan?