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TalkingPointsMemo

John McCain clearly didn’t like being called a liar during his interview with the Des Moines Register, as he reverted back to his former POW status and talked about the service to his country as he faced tough questions, writes Josh Marshall. The push in bailout talks by conservatives to eliminate “mark-to-market” accounting rules, which regulate how a firm reports the values of its assets, seems like a bad idea since it would give corporate executives more “leeway to lie,” writes Marshall. A tweaked bailout package passed by the Senate, which votes on it Wednesday, would still benefit Wall Street and a system that could use a restructuring, writes Dean Sleeper in TPMCafe.

Blog Summaries