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9:10 AM ET, September 17, 2008

memeorandum

 Top Items: 
New York Times:
Fed's $85 Billion Loan Rescues Insurer  —  By EDMUND L. ANDREWS, MICHAEL J. de la MERCED and MARY WILLIAMS WALSH  —  WASHINGTON — Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control …
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Michael D. Shear / Washington Post:
McCain Embraces Regulation After Many Years of Opposition  —  A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace …
Mike Allen / The Politico:
Pelosi orders wide Wall Street probe  —  House Speaker Nancy Pelosi has ordered a broad, swift investigation of Wall Street and will demand testimony from Bush administration officials and captains of finance, congressional officials said.  —  House Democrats plan to aggressively look …
David Leonhardt / New York Times:
Perhaps, Time for Someone to Play Offense  —  WASHINGTON — Late last week, as Lehman Brothers was collapsing, an all-star group of economists was meeting here to ponder the lessons of the financial crisis.  The group included Donald Kohn, the vice chairman of the Fed, and Edward Lazear …
Discussion: The New Republic and Angry Bear
Washington Post:
U.S. Seizes Control of AIG With $85 Billion Emergency Loan  —  Insurer's Wide Reach Justifies Intervention, Fed Says  —  Invoking extraordinary powers granted after the 1929 stock market crash, the government seized control of the insurance giant American International Group to preserve …
David Zaring / Conglomerate:
Can the Government Buy an Insurance Company for Cheap?
Discussion: DealBook and Marginal Revolution
Bess Levin / Dealbreaker:
Fed [May] Does Offer Bridge Loan To AIG
Discussion: Centerfield
Reuters:
AIG rescued by Fed, Barclays buys Lehman U.S. unit
Discussion: DealBook and FP Passport
Edmund L. Andrews / International Herald Tribune:
Fed rescues AIG with $85 billion loan for 80% stake
Discussion: LewRockwell.com Blog
Faiz / Think Progress:
McCain reportedly ‘furious’ with Fiorina, campaign adviser says she will ‘disappear’ from TV.  —  McCain reportedly ‘furious’ with Fiorina, campaign adviser says she will ‘disappear’ from TV.  —  Today, McCain economic adviser Carly Fiorina bluntly stated that neither John McCain nor Sarah …
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CNN:
Fiorina's comment called ‘Biden-like’  —  (CNN) — Top McCain-Palin official Carly Fiorina is facing criticism from some within the campaign for a day of what they call “very Biden-like” comments, after the former Hewlett-Packard CEO told two separate interviewers that neither member …
Anne Sutton / Associated Press:
McCain campaign clamps down on questions in Alaska
Discussion: Balloon Juice
Mark Preston / CNN:
Prominent Clinton backer and DNC member to endorse McCain  —  WASHINGTON (CNN) — Lynn Forester de Rothschild, a prominent Hillary Clinton supporter and member of the Democratic National Committee's Platform Committee, will endorse John McCain for president on Wednesday, her spokesman tells CNN.
David Alexander / Tales from the Trail:
Financial gloom doesn't halt glitzy Obama fundraiser  —  So what does Barack Obama do after a hard day of defending the common man during the worst financial crisis since the Great Depression?  —  Throw a $28,500-a-head fundraising dinner, of course.  —  Followed by a $2,500 …
RELATED:
Washington Wire:   Obama Holds Fund-Raiser in Beverly Hills
Tom Maguire / JustOneMinute:
The Mortgage Debacle - Not Enough Blame To Share Some With The Democrats?  —  Nancy Pelosi somewhat implausibly insisted that Democrats are blameless in the current mortgage debacle: … Barack Obama blames Bush for slack oversight: … However, the record tells the opposite story …
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Ed Morrissey / Hot Air:
Sebelius: Say, did you know Republicans are racists?  Update: AP or Miami Herald tries cleaning up Sebelius' comments  —  Hmmm.  Didn't Barack Obama just get done scolding John McCain over “dishonorable” attacks?  Maybe he should save his criticisms for his surrogates, except that they're parroting The One in his own baseless smears.
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Ace / Ace of Spades HQ:
Democrats Go There  —  I'm sure Keith Olbermann will be angered to tears over exploiting this tragedy.  —  So long as we know what the ground rules are, fine.  We'll start running commercials accusing Democrats of dishonoring the dead.  (F**k that— let's have some now-out-of-the-service vets explain …
Discussion: Power Line and Hot Air
Eric Boehlert / Media Matters for America:
McCain and Palin are laughing at the press — and it's the press' fault  —  Chris Matthews was steamed.  —  As John McCain's manufactured “lipstick on a pig” story was taking flight last week, Matthews, host of MSNBC's Hardball, kicked off the hour by teeing up the story.
The Politico:
Historians say McCain camp not sleaziest  —  David Axelrod, Barack Obama's chief strategist, said Sunday that John McCain is running the “sleaziest and least honorable campaign in modern presidential campaign history.”  It was a line trotted out all weekend by various Obama staffers as part …
Tahman Bradley / Political Punch:
Obama Inflates Role in Creation of Stimulus Package  —  In Golden, Colo., today, Sen. Barack Obama, D-Ill., took credit for the stimulus package that passed earlier this year.  —  “In January, I outlined a plan to help revive our faltering economy,” Obama said, “which formed the basis …
Discussion: Riehl World View, Macsmind and Hot Air
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Ed Morrissey / Hot Air:
The Silence of the Lemmings  —  Barack Obama's campaign seems determined to cultivate a hostile relationship with potential critics, real and imagined.  After complaining loudly that talk radio doesn't provide a balanced look at politics, KCOL's Brad Jones attempted to get an Obama spokesperson …
Ruth Marcus / Washington Post:
True Whoppers  —  Economists are not generally known for their lyrical phrasing.  But the other day, one told me something about the election that has stuck with me: He cautioned against succumbing to the “symmetry of sin.”  —  This unexpected snippet of political poetry …
Discussion: Daily Kos
 
 
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 More Items: 
New York Magazine:
Lynn Sweet and Patrick Healy on Connecting McCain and Bush …
Ahmed Al-Haj / Associated Press:
Official: US Embassy in Yemen hit by car bomb
Mike Madden / Salon:
Sarah Palin's powerful “First Dude”
 Earlier Items: 
Philip Gourevitch / New Yorker:
THE STATE OF SARAH PALIN
Discussion: MoJoBlog and The Right Coast
Sean Penn / The Huffington Post:
Country First (or, How The Media Loves A Lipsticked Rumsfeld)
Discussion: The Other McCain
Megan McArdle:
McCain bucks for a commission
Discussion: Liberal Values and Brian Beutler
Victor Davis Hanson / The Corner:
Reaching Critical Mass