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7:25 AM ET, September 22, 2008

memeorandum

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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.
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
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.
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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Orlando Sentinel:
Palin wows 'em in The Villages  —  THE VILLAGES - With thousands of supporters packing the streets and sidewalks of this massive retirement community, Alaska Gov. Sarah Palin took the safe route Sunday and said she and John McCain would reform Washington, put America on the path to energy independence …
Jonathan Martin / Jonathan Martin's Blogs:
Palin draws largest crowd yet for GOP
Discussion: Gateway Pundit
Dotcomabc / Political Radar:
Palin Says Obama Voting ‘Present’ on the Economy
Discussion: TIME.com
Robert Reich / TPMCafe:   What Wall Street Should Do To Get Its Blank Check
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 …
RELATED:
Calculated Risk:
Paulson Plan: Will it Work?
Discussion: Angry Bear and Interfluidity
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.
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.
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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.
The Huffington Post:
ABC Panel Tears Into McCain: Not Presidential, Age Should Be An Issue  —  For John McCain, the panel discussion on This Week with George Stephanopoulos could not have been more brutal.  —  Minutes after conservative columnist George Will declared that the Senator was decidedly un-presidential …
Discussion: AlterNet.org
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
New York Times:
Foreign Banks Hope Bailout Will Be Global  —  PARIS — The financial crisis that began in the United States spread to many corners of the globe.  Now, the American bailout looks as if it is going global, too, a move that could raise its cost and intensify scrutiny by Congress and critics.
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 More Items: 
Richard Pérez-Peña / New York Times:
Politico Intends to Expand After Presidential Race Ends
Discussion: FishBowlDC
Sean D. Naylor / Military Times HOME:
U.S. officer: Pakistani forces aided Taliban
Discussion: The Agonist and Firedoglake
Mark Silva / The Swamp:
Obama, McCain: Cautious in econ-crisis
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
 Earlier Items: 
NY Daily News:
Mac and I had tropical heat in Rio, says ex
Discussion: TBogg
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:

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Gaby Del Valle / The Verge:
The US Senate reauthorizes FISA's Section 702; some communication service providers had threatened to stop cooperating with the US government in case of a lapse

 
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