Here's news on Ted Kennedy's endorsement of Obama (done while sober). Politico has a half-assed analysis on what this means for Obama (might mitigate Obama's lack of success with Latino voters). Caroline Kennedy endorses Obama here saying that he reminds her of dad. I have generally though a liberal Reagan is more apt but I wasn't even a thought during the Kennedy administration.
NY Times reports that housing prices declined (duh) for the first time since 1968. These things happen when bubbles burst.
Not only is the subprime mess a new crisis, it is apparently a new "financial apartheid". This is ironic because before lenders were accused of racism of the account of being too stingy with credit and now their racism is manifest in their generosity with credit.