Breaking: McCain to Rescue Wall Street CEOs

Headlines are reporting that John McCain wants to cancel Friday night’s debate and return to Washington to deal with the financial crisis.

From Reuters:

"Breaking News
McCain says will suspend campaign to return to Washington Thursday to help with bailout negotiations, asks that Friday debate with Obama be postponed so bailout negotiations can continue 2:51pm EDT"

This all happened after McCain’s last remaining economic adviser, Sarah Palin, told Katie Couric that we’re headed towards a Great Depression.

My guess is that McCain will rent a helicopter and fly over Wall Street to survey the damage, then rescue any CEOs who may be stranded on roof tops.

Details at 11!

Update from the Obama Campaign:

At 8:30 this morning, Senator Obama called Senator McCain to ask him if he would join in issuing a joint statement outlining their shared principles and conditions for the Treasury proposal and urging Congress and the White House to act in a bipartisan manner to pass such a proposal. At 2:30 this afternoon, Senator McCain returned Senator Obama’s call and agreed to join him in issuing such a statement. The two campaigns are currently working together on the details.

Update 2: Is debate off? Or on?

Update 3: Harry Reid statement: Thanks, but we don’t need grandstanding.

photo by feileacan

Related posts:

1. Seance on Wall Street
2. Failed Models are a Fixture on Wall Street
3. The Downturn is Over for Wall Street, but Main Street’s is Still Going On
4. FDL Book Salon Welcomes Barry Ritholtz – Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy
5. More Innovation from Wall Street: Securitized Viaticals