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The midterms: Alexi's bank failure

ARIZONA: It's 2006 all over again, but not in the way you'd think: "Sen. John McCain (R-Ariz.) is using J.D. Hayworth's legal trust to hammer his primary opponent about his entanglement in the Jack Abramoff lobbying scandal," The Hill reports.

CONNECTICUT: Senate candidate and WWE CEO Linda McMahon is out with a new campaign ad, with her daughter narrating Linda's role in building up the wrestling empire.

ILLINOIS: State Treasurer Alexi Giannoulias acknowledged Wednesday that his family bank, Broadway Bank, will probably fail," the Chicago Sun-Times reports. Starting a tour of 'clearing the air' meetings with the media to talk about the bank that entered a consent decree with federal regulators just before the primary election, Giannoulias admitted, in hindsight, he probably should not have focused so much on real estate. 'I take my share of responsibility for possibly concentrating too much in commercial real estate,' Giannoulias told the Sun-Times' editorial board." 
KENTUCKY: Secretary of State and Senate candidate Trey Grayson is up with a new TV ad, playing up his record of cutting spending and reducing waste.  
MICHIGAN: Mike Huckabee endorsed Republican gubernatorial candidate Mike Cox.

NEW YORK: Lookin' for Guv in All the Wrong Places: "Gov. Paterson was called out and charged yesterday by the state's top watchdog agency with breaking the law by improperly soliciting $6,000 worth of free World Series tickets from the Yankees and then lying about it under oath to investigators," the New York Post reports.

The New York Post has this headline: "Et tu, Rev. Al?" "The Rev. Al Sharpton, one of Gov. Paterson's last remaining backers, has called an 'emergency meeting' today in Harlem to reassess the governor's ability to stay in office, The Post learned last night. Ominously for Paterson, Sharpton refused in an interview to say if he still believes the governor should remain in the job."

What's worse -- hookers or an affair? Eliot Spitzer to Time magazine: "Asked why not just have an affair, instead of going to hookers, Spitzer said, 'I know this is parsing it very thin, but the emotional component would have in some ways been a worse violation.'"

"Mayor Bloomberg thinks Sen. Kirsten Gillibrand could have been defeated by either one of the people who were considering running against her," the New York Post writes. "Bloomberg also believes New Yorkers would have been 'better off' with more choices… The mayor is a friend of Zuckerman, and a few of his ex-campaign aides were helping Ford in his exploratory effort."

The New York Daily News looks at potential successors from Harlem to replace Rangel: "Harlem's skies were filled with trial balloons Wednesday as a bevy of politicians floated their names as potential successors to Rep. Charles Rangel."

NORTH DAKOTA: Former Attorney General Heidi Heitkamp (D) will not run for Senate against Republican Gov. John Hoeven. 
TEXAS: Analyzing Gov. Rick Perry's win over Sen. Kay Bailey Hutchison, the AP writes, "Perry didn't just catch the anti-establishment, anti-Washington wave of the nascent tea party movement. He saw it coming, then helped shape it and might now even be considered one of its leaders… Perry was the consummate Texas country boy. He skewered federal bureaucrats and political insiders with a deep Paint Creek drawl that he can turn on and off at will. He made 'stimulus' sound like a dirty word. This isn't Bush's compassionate conservatism. His is a full-throttle, blue-collar, pro-gun, states' rights, red-meat conservatism." (That said, the Tea Party candidate in the race did get almost 19% of the vote.) 
UTAH: The Club for Growth has a new ad against Sen. Robert Bennett, criticizing him for supporting the bank bailout and his "joining with liberals on big-government health care."