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8:20 AM ET, September 16, 2008

memeorandum

 Top Items: 
New York Times:
Fed Takes Steps to Aid A.I.G.  —  Major credit ratings agencies downgraded the American International Group late Monday, worsening its financial health, as Federal Reserve officials and two leading investment banks were in urgent talks to put together a $75 billion line of credit to stave off a crisis at the company.
RELATED:
Jackie Calmes / New York Times:
In Candidates, 2 Approaches to Wall Street  —  WASHINGTON — The crisis on Wall Street will leave the next president facing tough choices about how best to regulate the financial system, and although neither Senator Barack Obama nor Senator John McCain has yet offered a detailed plan …
Randall W. Forsyth / Barron's Online:
An AIG Accident Could Dwarf Lehman's  —  Downgrades could trigger margin calls as insurer seeks a massive cash infusion.  —  COULD THIS BE THE BIG ONE?  —  Scarcely a day after the stunning news of the bankruptcy filing by Lehman Brothers and takeover of Merrill Lynch by Bank of America …
John Berlau / OpenMarket.org:
Lehman bankruptcy: In capitalism, failure is not a dirty word
Discussion: THE ASTUTE BLOGGERS and The Corner
Stephen Labaton / New York Times:
Wall Street in Worst Loss Since 2001
Discussion: Truthdig
Spiegel Online:
Banks Won't Be as Profitable in Future
Discussion: Shakesville
Richard Cohen / Washington Post:
The Ugly New McCain  —  Following his loss to George W. Bush in the 2000 South Carolina primary, John McCain did something extraordinary: He confessed to lying about how he felt about the Confederate battle flag, which he actually abhorred.  “I broke my promise to always tell the truth,” McCain said.
Ben Smith / The Politico:
A tanning bed in the Governor's Mansion  —  Sarah Palin brought one unusual accessory to the Alaska Governor's mansion after moving in last year: A tanning bed.  —  Al Giordano's NarcoNews first reported that Palin had the apparatus installed in the mansion in Juneau, and a spokesman …
RELATED:
Rachel Paula Ab... / Us Weekly:
Sarah Palin Installed Tanning Bed at Governor's Mansion  —  Self-proclaimed “hockey mom” Sarah Palin had a private tanning bed installed in the Governor's Mansion in Juneau, Alaska, Usmagazine.com confirmed on Monday.  —  “She did.  She paid for it with her own money,” Roger Wetherell …
Discussion: Truthdig and NewsBusters.org
Wall Street Journal:
Why Obama's Health Plan Is Better  —  The big threat to growth in the next decade is not oil or food prices, but the rising cost of health care.  The doubling of health insurance premiums since 2000 makes employers choose between cutting benefits and hiring fewer workers.
RELATED:
Bob Herbert / New York Times:
McCain's Radical Agenda  —  Talk about a shock to the system.  Has anyone bothered to notice the radical changes that John McCain and Sarah Palin are planning for the nation's health insurance system?  —  These are changes that will set in motion nothing less than the dismantling …
Ben Smith / The Politico:
New Obama ad hits McCain on pay for women  —  A new, and unreleased, Obama ad, airing (at least) in Virginia, attacks McCain for his opposition to legislation requiring women receive equal pay for equal work.  —  The ad says women are paid 77 cents on the dollar, and the female narrator says …
Discussion: Commentary and MyDD
RELATED:
The Huffington Post:
Obama Lays Out Plans To Woo Women Voters: Forget Palin, Focus On Equal Pay
Discussion: Daily Kos
Lee Speigel / Political Punch:
Palin and the Teleprompter  —  At a fundraiser in Canton, Ohio, this evening, Alaska Gov. Sarah Palin had an interesting description of her speech to the Republican convention.  —  “There Ohio was right out in front, right in front of me,” Palin said.  “The teleprompter got messed up …
David Brooks / New York Times:
Why Experience Matters  —  Philosophical debates arise at the oddest times, and in the heat of this election season, one is now rising in Republican ranks.  The narrow question is this: Is Sarah Palin qualified to be vice president?  Most conservatives say yes, on the grounds that something …
Discussion: Eunomia and The RBC
CNN:
Powell still undecided, says Obama win would be ‘electrifying’  —  (CNN) — Former Bush Secretary of State Colin Powell said Monday that he has not yet decided which candidate to back in this year's presidential race.  —  The election of an African-American president “would be electrifying …
Discussion: TIME.com
RELATED:
Barry Schweid / Associated Press:
Five ex-secretaries of state urge talks with Iran
Discussion: GINA COBB
Ann Althouse / Althouse:
“What's happened to John McCain?  He's running the sleaziest ads ever.  Truly vile.”  —  “Dishonest smears that he repeats, even after it's been exposed as a lie.  Truth be damned.  A disgraceful, dishonorable campaign... It seems deception is all he has left.”  —  That's the voiceover on this new Obama ad:
Shelby Grad / L.A. Now:
Could Obama and Barbra break a record in Beverly Hills?  —  The polls are one thing, but it sounds like Barack Obama might make progress in other ways during two ultra-rich Beverly Hills fund-raisers Tuesday.  According to Politico, the events could raise more than $9 million, which, if it happens, would be a one-day record.
Discussion: TIME.com
RELATED:
Benjamin Sarlin / New York Sun:
Poll: McCain Fast Approaching Obama Among New York State Voters  —  New York is on its way to becoming a battleground in this year's presidential election, with Senator McCain rapidly dissolving Senator Obama's lead in the Empire State, according to a new poll.
Byron York / National Review:
On Sex-Ed Ad, McCain Is Right  —  In recent days, a consensus has developed among the Obama campaign and commentators in the press that John McCain has decided to lie his way to the White House.  Exhibit A in this new consensus is McCain's ad, released last week, claiming that Barack Obama's …
Greg Sargent / TPM Election Central:
Biden Uncorks Tough Populist Hit On McCain Over “Fundamentals” Line  —  Joe Biden is currently speaking in Michigan, where he seized on John McCain's claim this morning that the “fundamentals of our economy” are strong in order to unleash an extensive populist attack that pulled together …
Discussion: MyDD and TheZoo
RELATED:
John Amato / Crooks and Liars:
Obama to McCain: Senator - what economy are you talking about?
Mark Hemingway / The Corner:
Obamaphiles Drowning Out Criticism Again  —  Chicago Talk Radio Host Milt Rosenberg had NRO's own David Freddoso, author of The Case Against Barack Obama, his show tonight.  Rosenberg's producer emails to say that they're again trying to silence Freddoso, just like they did when Stanly Kurtz was on recently:
 
 
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 More Items: 
TPMMuckraker:
A Bridge Too Far: McCain Falsely Claimed Palin Vetoed Earmarks
Julia O'Malley / McClatchy Washington Bureau:
Radio host suspended for airing anti-Palin protesters' numbers
Discussion: TheZoo
Marijuana Law Reform:
Marijuana Arrests For Year 2007: 872,721 Tops Record High -Five …
Discussion: TalkLeft, FBI and Reason
Christopher Hitchens / Slate:
Pakistan Is the Problem  —  AND BARACK OBAMA SEEMS …
Jim Rutenberg / New York Times:
In Spanish, McCain Criticizes Obama on Immigration
Discussion: TalkLeft
Elizabeth Benjamin / NY Daily News:
Vito Fossella wants back on ballot
National Review:
McCain Responds to Obama's Reported Undermining of the Commander …
Ari Levy / Bloomberg:
WaMu Rating Lowered to Junk by S&P on Mortgage Losses
Discussion: Left in the West and Slog
 Earlier Items: 
Dr. Rusty Shackleford / The Jawa Report:
Report: Blogger Thwarts al Qaeda 9/11 Anniversary Plans **bumped**
Discussion: The Other McCain
Matt Stoller / Open Left:
This is Weird  —  That's Mitt Romney calling McCain out on lying …
Ali / Think Progress:
George Allen: 'Americans are not addicted to oil, they're addicted to freedom.'
Stephen Spruiell / The Corner:
Don't Do It  —  I'm hearing disconcerting rumors that McCain …
Greg Sargent / TPM Election Central:
New Ad Stars Fellow McCain POW Suggesting He's Unfit To Be President
Greg Gutfeld / The Huffington Post:
SARAH PALIN'S MURDEROUS WEB OF DEATH