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12:00 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 …
RELATED:
Wall Street Journal:
U.S. Plans Rescue of AIG to Halt Crisis; Central Banks Inject Cash as Credit Dries Up  —  $85 Billion Loan for Giant Insurer Aimed at Averting Collapse;  —  Historic Move Would Cap 10 Days That Reshaped U.S. Finance;  —  Fed Says AIG Will Sell Businesses in Orderly Manner
Board of Governors of the Federal Reserve System:
For release at 9:00 p.m. EDT  —  The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act.
DealBook:
Fed to Offer Bridge Loan to A.I.G. and Take Control of Firm  —  Updated: The Federal Reserve plans to offer an $85 billion bridge loan to the American International Group in return for control of the ailing insurance giant, people briefed on the matter said Tuesday night.
Myglesias / Matthew Yglesias:
The Commanding Heights  —  I hadn't really ever thought that the Bush administration was going to wind up giving us the large scale nationalization of industry, but I'm not sure what else you call it when we follow up the deprivatization of Fannie and Freddie with the Fed securing …
Discussion: Balkinization
David Leonhardt / New York Times:
Perhaps, Time for Someone to Play Offense
Discussion: Angry Bear
Megan McArdle:   Hindsight regulation … But I don't blame it on Clinton.
Bess Levin / Dealbreaker:
Fed [May] Does Offer Bridge Loan To AIG
RELATED:
Ed Morrissey / Hot Air:
Palin fires back in Troopergate, releases memos showing insubordination  —  Sarah Palin issued a response to the Troopergate investigation yesterday by releasing internal memoranda that show Walt Monegan got fired for insubordination on budget matters and not because of his refusal to fire Palin's former brother-in-law.
Rhonda Schwartz / ABCNEWS:   Tanning Bed to Troopergate: Palin Aides Kept Scrambling
Jonathan Martin / The Politico:
Holtz-Eakin: McCain helped create BlackBerry  —  Asked what work John McCain did as Chairman of the Senate Commerce Committee that helped him understand the financial markets, the candidate's top economic adviser wielded visual evidence: his BlackBerry.  —  “He did this,” Douglas Holtz-Eakin …
RELATED:
The Huffington Post:
Fiorina: Palin Doesn't Have Experience To Run A Major Company  —  Carly Fiorina, a key surrogate for John McCain on economic issues, said on Tuesday that Sarah Palin does not have the experience needed to run a major company like the one that Fiorina formerly headed.
RELATED:
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 …
David Hanners / TwinCities.com:
GOP delegate's hotel tryst goes bad when he wakes up with $120,000 missing  —  He met her in the bar of the swank hotel and invited her to his room.  Once there, the woman fixed the drinks and told him to get undressed.  —  And that, the delegate to the Republican National Convention told police, was the last thing he remembered.
Ben Smith / The Politico:
GOP group behind negative Obama poll  —  A Republican group is taking responsibility for a poll that has roiled the Jewish community by asking sharply negative questions about Senator Barack Obama.  —  The Republican Jewish Coalition, which is launching a campaign against Obama on behalf …
McCainPedia:
Count the Lies  —  John McCain may be trying to sell himself as a “maverick” and a “straight talker” who will tell the truth no matter the consequences, but independent, non-partisan watchdog groups aren't buying it.  But, since he wrapped up his party's nomination, John McCain has offered more of the same false attacks and smears.
Discussion: The Huffington Post
John Bresnahan / The Politico:
Cash-poor Obama says no to Reid  —  Earlier this month, Senate Majority Leader Harry Reid made a personal appeal to Barack Obama: Help me grow the Democrats' Senate majority by sharing some of the $77 million you've got in the bank.  —  Obama's campaign said no.
RELATED:
Tahman Bradley / Political Punch:
Obama Inflates Role in Creation of Stimulus Package
Discussion: Macsmind and Hot Air
Victor Davis Hanson / The Corner:
Reaching Critical Mass  —  The sudden change in the polls the last 10 days, even though it may be temporary, has prompted a furor in the media that has no parallel in modern election history.  Vicious words like “treason”, “abasement”, “liar”, and “lying” are in the air now in an unheralded attack on McCain …
Sean Penn / The Huffington Post:
Country First (or, How The Media Loves A Lipsticked Rumsfeld)  —  Banks are falling and businesses busting, middle-class Americans are losing their homes in droves, while greedy poison comes a tricklin' down!!!  —  But, “the fundamentals are good!”  John McCain said they're good.
Discussion: The Other McCain
Jonathan Martin / The Politico:
McCain press pack stages mini-insurrection  —  Amie Parnes reports:  —  Reporters traveling with John McCain are slightly miffed that the senator hasn't had any face time with them in, well, a month and three days (But who's counting?)  —  So, when Straight Talk Air departed Tampa today, a dozen reporters chanted, “Bring Mac back!
Discussion: Newshoggers.com
CNN:
Cafferty: Obama: Race a factor?  —  Race is arguably the biggest issue in this election, and it's one that nobody's talking about.  —  The differences between Barack Obama and John McCain couldn't be more well-defined.  Obama wants to change Washington.  McCain is a part of Washington and a part of the Bush legacy.
Discussion: Townhall.com, The Swamp and Don Surber
 
 
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 More Items: 
Kathryn Jean Lopez / The Corner:
Laura Ingraham vs. David Brooks
Philip Gourevitch / New Yorker:
THE STATE OF SARAH PALIN
Discussion: MoJoBlog and The Right Coast
Eric Boehlert / Media Matters for America:
McCain and Palin are laughing at the press — and it's the press' fault
Discussion: Crooks and Liars
Ed Morrissey / Hot Air:
Sebelius: Say, did you know Republicans are racists? …
Felix Salmon / Portfolio:
AIG Is Toast  —  How dangerous is AIG?  Michael Lewitt tells us, in today's NYT:
Discussion: BuzzFlash.org and The Current
Megan McArdle:
McCain bucks for a commission
Discussion: Brian Beutler
Justin Wolfers / Freakonomics:
Competing Tax Plans: Two Perspectives
Klaus Marre / The Hill:
Pelosi: Dems bear no responsibility for economic crisis
Discussion: Macsmind and Wake up America
 Earlier Items: 
Wes Woods II / Inland Valley Daily Bulletin:
Rove speech greeted with protests, bomb threat, claims of pepper spray
Discussion: L.A. Now and The Other McCain
Soren Dayton / The Next Right:
Is Obama abandoning Virginia?
Taegan Goddard / Political Insider:
Obama vs. Palin
Randyj / TIME.com:
Obama Team Files Suit Over Alleged Voter Suppression Plan
Jeff G. / protein wisdom:
Swiftboating Sarah Palin
Nate Silver / FiveThirtyEight.com:
Palin's Favorability Numbers Eroding
Kristi Keck / CNN:
Palin ‘phenomenon’ hijacks online sales
Financial Times:
Russia halts trading after 17% share price fall