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11:15 AM ET, November 23, 2008

memeorandum

 Top Items: 
Thomas L. Friedman / New York Times:
We Found the W.M.D.  —  So, I have a confession and a suggestion.  The confession: I go into restaurants these days, look around at the tables often still crowded with young people, and I have this urge to go from table to table and say: “You don't know me, but I have to tell you that you shouldn't be here.
Washington Post:
Banking Regulator Played Advocate Over Enforcer  —  Agency Let Lenders Grow Out of Control, Then Fail  —  When Countrywide Financial felt pressured by federal agencies charged with overseeing it, executives at the giant mortgage lender simply switched regulators in the spring of 2007.
RELATED:
Gretchen Morgenson / New York Times:
That Money Isn't Leaving the Vault  —  SO goes the old saw about bankers: they loan you an umbrella when the sun is shining, only to ask for it back when it rains.  —  But with our economy and markets in a world of hurt, the nation's banks were supposed to stow their self-interest and help start lending again.
Discussion: Whiskey Fire
Michael Abramowitz / Washington Post:
Some in the Arab World Worry that Clinton Would Be More Hawk Than Dove  —  One Issue: Whether Probable Secretary of State Would Be More Hawk Than Dove  —  There is possibly no person President-elect Barack Obama considered for secretary of state who is more reliably pro-Israel …
Discussion: Commentary and TIME.com
RELATED:
Tim Shipman / Telegraph:
Barack Obama's aides believe he has made a mistake in hiring Hillary Clinton
Mike Allen / The Politico:
Richardson at Commerce, Summers as economic adviser  —  Democratic sources report two major decisions by President-elect Obama: New Mexico Gov. Bill Richardson (D) will be named secretary of Commerce, subject to final vetting.  And Lawrence Summers, Treasury secretary in the Clinton administration, will be White House economic adviser.
Discussion: www.redstate.com and TIME.com
RELATED:
Jonathan Weisman / Wall Street Journal:
Summers to Head Economic Council
Discussion: Portfolio
New York Times:   Former Treasury Secretary to Lead Economic Council
Lee Speigel / Political Punch:
Summers to Be Top White House Economic Adviser at NEC
Discussion: Greg Mankiw's Blog
Daniel Gross / Slate:
Why all those Great Depression analogies are wrong.  —  It's difficult to avoid the comparisons between the current sad state of financial affairs and the Great Depression.  “This is not like 1987 or 1998 or 2001,” Merrill Lynch CEO John Thain said at a conference on Nov. 11.
Sophia A. Nelson / Washington Post:
It's My Party, But I Don't Feel Part of It  —  Election night was a bittersweet night for me.  Like most Americans, and especially as an African American, I found it deeply moving to watch President-elect Barack Obama and his family — soon to be our nation's first African American first family — stride onstage for his victory speech.
New York Times:
Citigroup Pays for a Rush to Risk  —  “Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible.  And it is working.  It is working.”
Sarah Baxter / Times of London:
Green Obama's official limo is a gas guzzler  —  On the campaign trail, Barack Obama promised to get a million plug-in hybrid cars on the road by 2015.  His own new presidential limousine will be far from green, however.  —  The Obamobile being prepared for the president-elect …
New York Post:
RANGEL DOUBLE-DEAL$  —  REAPED DC HOME PERK WHILE BENDING APPLE RENTAL RULES  —  Harlem Rep. Charles Rangel took a “homestead” tax break on a Washington, DC, house for years while simultaneously occupying multiple rent-stabilized apartments in New York City, possibly violating laws and regulations in both cases.
Patrick Hosking / Times of London:
Britain is in no position to laugh at Iceland's problems  —  Is Britain simply a bigger version of Iceland?  Certainly the City of London is starting to look a bit too much like Reykjavik, but with taller buildings and fewer cod.  It is an exaggeration, but not that much of an exaggeration …
Discussion: The Corner and EconLog
Mark Steyn / The Corner:
My fowl lady  —  The rondeau a la turkey goes on.  A British reader writes to chide me of my enthusiasm for Governor Palin's blood-soaked photo op:  —  I'm afraid you and everyone who sees things the same way as you do are completely missing the point about this story.
Discussion: Anchorage Daily News
 
 
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 More Items: 
Melanie Kirkpatrick / Wall Street Journal:
Sounding the Nuclear Alarm
Discussion: ThreatsWatch
Jack Grant / The Moderate Voice:
Of Endings and Beginnings and Bailouts
Discussion: Newshoggers.com
Lizette Alvarez / New York Times:
Despite Army's Assurances, Violence at Home
Amanda Terkel / Think Progress:
Chambliss Skips Vote On Unemployment Benefits While Giving …
Discussion: Associated Press
 Earlier Items: 
Agence France Presse:
Over 200 whales trapped in Canadian ice
Discussion: TigerHawk
Ben Smith / Ben Smith's Blogs:
Moran to run press shop
Discussion: www.redstate.com
Christina Bellantoni / Washington Times:
Obama says he'll keep Chicago home
Discussion: TIME.com