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10:05 AM ET, September 15, 2008

memeorandum

 Top Items: 
Paul Krugman / New York Times:
Financial Russian Roulette  —  Will the U.S. financial system collapse today, or maybe over the next few days?  I don't think so — but I'm nowhere near certain.  You see, Lehman Brothers, a major investment bank, is apparently about to go under.  And nobody knows what will happen next.
RELATED:
Howard Wolfson / The Flack:
It's 3am on Wall Street  —  During the primary the Clinton campaign posited the idea that a President would face a 3am call on the economy.  It looks like one of those 3am calls came this weekend as the government made the decision to let Lehman Brothers go bankrupt rather than bail the firm out.
David Henry / Business Week:
Wall Street's Perfect Storm  —  Investors deal with a Lehman bankruptcy, the sale of Merrill Lynch to BofA, and a possible AIG restructuring  —  Mondays better not get any more manic than this.  —  Wall Street expected to spend today trying to contain the damage from a bankruptcy filing by Lehman Brothers …
Mike Allen / The Politico:
Bank meltdown wallops campaigns  —  America's banking instability could upend the final 50 days of the presidential campaign, with both candidates forced to confront a calamity that has gotten only glancing attention during the first 20 months of the race for the White House.
Agence France Presse:
US in ‘once-in-a-century’ financial crisis : Greenspan … The United States is mired in a “once-in-a century” financial crisis which is now more than likely to spark a recession, former Federal Reserve chief Alan Greenspan said Sunday.  —  The talismanic ex-central banker said that the crisis …
Discussion: Pam's House Blend and Commentary
Board of Governors of the Federal Reserve System:
For immediate release  —  The Federal Reserve Board on Sunday announced several initiatives to provide additional support to financial markets, including enhancements to its existing liquidity facilities.  —  “In close collaboration with the Treasury and the Securities and Exchange Commission …
Terence Hunt / Associated Press:
Obama blames Wall St. crisis on Republican policy
Discussion: Donklephant and AMERICAblog News
CNNMoney.com:
Greenspan: Economy in ‘once-in-a-century’ crisis
Discussion: Think Progress
Wall Street Journal:
Barclays Walks from Lehman Deal; Likelihood for Transaction Narrows
New York Post:
OBAMA TRIED TO STALL GIS' IRAQ WITHDRAWAL  —  WHILE campaigning in public for a speedy withdrawal of US troops from Iraq, Sen. Barack Obama has tried in private to persuade Iraqi leaders to delay an agreement on a draw-down of the American military presence.
Jazz Shaw / The Moderate Voice:
Sarah Palin and the full “Dairygate” Timeline  —  I need to thank alert reader Lee Indiana for pointing me to what is now, unfortunately, being called “Dairygate” in some circles and setting me off on a morning's expedition with The Google.  Even if you are already aware of the strange goings …
Washington Post:
Familiar Ground May Be Election's Deciding Factor  —  When the general election began a few months ago, Barack Obama's advisers talked optimistically about dramatically redrawing the electoral map.  Their optimism remains, but as the campaign heads into its final 50 days …
Discussion: Real Clear Politics and TIME.com
Victoria McGrane / The Politico:
Biden speech to take hard hit at McCain  —  CHARLOTTE, N.C. — Joe Biden will deliver a high-profile first attack in a sustained anti-McCain offensive in a speech called “Bush 44” Monday in the key battleground state of Michigan.  —  While the lines of attack have long been drawn …
Discussion: Washington Monthly
Wall Street Journal:
Palin's Project List Totals $453 Million  —  McCain Campaign Says Record Shows Drop in Requests  —  Last week, Republican presidential candidate Sen. John McCain said his running mate, Alaska Gov. Sarah Palin, hadn't sought earmarks or special-interest spending from Congress, presenting her as a fiscal conservative.
Discussion: Hot Air and Pajamas Media
L.L. Brasier / Detroit Free Press:
Bad voter applications found  —  Clerks see fraudulent, duplicate forms from group  —  Several municipal clerks across the state are reporting fraudulent and duplicate voter registration applications, most of them from a nationwide community activist group working to help low- and moderate-income families.
Barton Gellman / Washington Post:
Cheney Shielded Bush From Crisis  —  This is the second of two stories adapted from “Angler: The Cheney Vice Presidency,” to be published Tuesday by Penguin Press.  —  Vice President Cheney convened a meeting in the Situation Room at 3 p.m. on Wednesday, March 10, 2004 …
Discussion: Balkinization, ACSBlog and Swampland
New York Times:
Chairman Rangel  —  Mounting embarrassment for taxpayers and Congress makes it imperative that Representative Charles Rangel step aside as chairman of the Ways and Means Committee while his ethical problems are investigated.  —  This recommendation does not come easily …
Discussion: www.redstate.com and Wolf Howling
 
 
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 More Items: 
Cathy Young / Wall Street Journal:
Why Feminists Hate Sarah Palin
Discussion: Wizbang
Joe Trippi / Real Clear Politics:
It's Not Just Palin — Its the Message
Ben Smith / The Politico:
Biden: McCain has changed
Discussion: The Marathon Blog
Fredric U. Dicker / New York Post:
LADIES' MAN MAC IS A PLAYER IN NY
Discussion: JammieWearingFool and Hot Air
Dahlia Lithwick / Newsweek:
Put Palin on the Supreme Court
Sweetness & Light:
Co-Workers: Obama Inflated His Resume
Gordon Smith / Conglomerate:
Monday?  —  This news about Lehman and AIG and Merrill …
Jeanne Cummings / The Politico:
Despite record month, Obama needs more cash
 Earlier Items: 
New York Times:
Up Front  —  Robert Stone, who reviews Dexter Filkins's book …
NY Daily News:
Goodwin: Barack's big blunder
Lisa Lerer / The Politico:
Palin hit hard on the Sunday shows
Discussion: Open Left and Riehl World View
Andy Ostroy / The Huffington Post:
Why Replacing Biden With Hillary Makes Perfect Sense for Obama
Washington Post:
How Washington Failed to Rein In Fannie, Freddie
Patrick Nielsen Hayden / Making Light:
Either a heart attack, or a Greek of the same name
Discussion: Boing Boing and Obsidian Wings
George F. Will / Newsweek:
Pencils And Politics  —  Who commands the millions of people involved in making a pencil?
 

 
From Techmeme:

Emanuel Maiberg / 404 Media:
Apple removes three AI image generation apps from the App Store after 404 Media probe found the apps advertised the ability to create nonconsensual nude images

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+

Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a board for advising the DHS on deploying AI safely within US critical infrastructure

 
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