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3:40 AM ET, September 22, 2008

memeorandum

 Top Items: 
New York Times:
Democrats Set Bailout Conditions as Treasury Chief Rallies Support  —  WASHINGTON — Congressional Democrats began to set their own terms on Sunday for a plan to rescue the nation's financial institutions, including greater legislative oversight of the Treasury Department …
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Newt Gingrich / The Corner:
Before D.C. Gets Our Money, It Owes Us Some Answers  —  Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening.  —  We are being told Treasury Secretary Henry Paulson has a plan which will shift $700 billion in obligations from private companies to the taxpayer.
Mike Allen / The Politico:
Obama might keep Paulson  —  Sen. Barack Obama (D-Ill.) said Sunday that if he's elected, Treasury Secretary Henry Paulson would be “involved” in the new administration's transition - a very unusual move when the White House changes parties.  —  Paulson, 62, is the wealthy former chairman …
Discussion: Open Left and Donklephant
New York Times:
Big Financiers Start Lobbying for Wider Aid  —  Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.  —  Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.
Discussion: TPMCafe
Matt Stoller / Open Left:
Yes, There Are Deeply Angry Democratic Members of Congress
Mark Silva / The Swamp:
Obama, McCain: Cautious in econ-crisis
Bill Cotterell / News Press:
Palin draws crowd of 60,000 in The Villages  —  THE VILLAGES — Republican vice presidential nominee Sarah Palin told wildly cheering, flag-waving, chanting supporters that John McCain is “the only great man in this race” and promised Sunday he will fix the nation's economy if voters give the GOP four more years in the White House.
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Frank James / The Swamp:
Obama: No blank check for Wall St  —  CHARLOTTE, N.C. - In his first comments about a $700 billion government bailout package meant to help stabilize Wall Street, Sen. Barack Obama on Sunday stopped short of saying whether he supports the proposal, as he laid out some broad economic goals he believes such a plan should include.
Jonathan Martin / Jonathan Martin's Blogs:
Palin draws largest crowd yet for GOP  —  Sarah Palin tonight attracted the largest crowd yet to any Republican campaign event this cycle, drawing tens of thousands of Floridians out in a conservative-leaning retirement community north of Orlando for a solo rally.
Discussion: Gateway Pundit
Dotcomabc / Political Radar:
Palin Says Obama Voting ‘Present’ on the Economy
Discussion: TIME.com
Paul Krugman / New York Times:
Cash for Trash  —  Some skeptics are calling Henry Paulson's $700 billion rescue plan for the U.S. financial system “cash for trash.”  Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force …
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New York Times:
Loan Titans Paid McCain Adviser Nearly $2 Million  —  Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.
Discussion: AMERICAblog News
DealBook:
Goldman, Morgan to Become Bank Holding Companies  —  Goldman Sachs and Morgan Stanley, the last two independent investment banks, will become bank holding companies, the Federal Reserve said Sunday night, a move that will fundamentally alter the landscape of Wall Street.
RELATED:
Craig Torres / Bloomberg:
Fed Allows Goldman, Morgan Stanley to Become Banks
Clif / Sadly, No!:
Shorter Entire Right-Wing Blogosphere … - We agree with Investors' Business Daily, which says that the reason for the current financial crisis is that the Community Reinvestment Act passed by the Democrats forced banks to lend money to a bunch of shiftless darkies who couldn't repay their loans.
RELATED:
Robert Reich / TPMCafe:   What Wall Street Should Do To Get Its Blank Check
Associated Press:
Obama staff leaves North Dakota  —  BISMARCK, N.D. (AP) — Barack Obama, who has deployed more than 50 staffers in North Dakota in an attempt to become the first Democratic presidential candidate to carry the state since 1964, is pulling out.  —  An Obama spokeswoman, Amy Brundage …
Discussion: Top of the Ticket and TalkLeft
NY Daily News:
Mac and I had tropical heat in Rio, says ex  —  BY HAROLD EMERT IN RIO DE JANEIRO AND PATRICK SULLIVAN IN NEW YORK  —  While John McCain attended his 50th Naval Academy reunion Saturday, a Brazilian beauty fondly recalled the affair she had with the young “good kissing” midshipman she met a half a century ago.
Discussion: TBogg
Daniel Gros / voxeu.org:
The beginning of the end game...  The radical moves in the US have direct implications for European banks and indirect implications for European governments.  This column discusses the likely channels and notes that several European banks are both too big to fail and may be too big to be saved by their national governments alone.
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 More Items: 
The Huffington Post:
ABC Panel Tears Into McCain: Not Presidential, Age Should Be An Issue
Discussion: AlterNet.org
Jonathan Martin / Jonathan Martin's Blogs:
McCain strikes bipartisan notes in 60 Minutes interview
Discussion: Donklephant
Gallup:
Gallup Daily: Obama Leading McCain by 4 Points
Discussion: MyDD
Phyllis Schlafly / San Francisco Chronicle:
Feminists against Palin - shame on you
Ali / Think Progress:
Bush's Legacy Of Squandering Taxpayer Money
Discussion: Open Left and Matthew Yglesias
Myglesias / Matthew Yglesias:
Hurry!  Hurry!  —  Bush and Paulson say congress needs to rush …
Discussion: Associated Press
 Earlier Items: 
Stephen F. Hayes / Weekly Standard:
Democrats and Double Standards
CNN:
Interview With Obama, McCain Economic Advisers; Interview With Ron Paul
Discussion: Top of the Ticket
Kim Murphy / Los Angeles Times:
Alaskans angered that Palin is off-limits
 

 
From Techmeme:

Alistair Barr / Wall Street Journal:
Google's robotics lead and Android founder Andy Rubin leaving the company to start an incubator for hardware startups, will be replaced by James Kuffner

Dave McNary / Variety:
Seth Rogen Set as Steve Wozniak in Steve Jobs Biopic

Sarah Perez / TechCrunch:
Apple No Longer Rejecting Calculator Widgets From The App Store

 
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