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8:20 AM ET, September 21, 2008

memeorandum

 Top Items: 
Paul Krugman:
No deal  —  I hate to say this, but looking at the plan as leaked, I have to say no deal.  Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets.  —  As I posted earlier today, it seems all too likely that a …
RELATED:
Calculated Risk:
NY Times Makes a Funny  —  From David Herszenhorn at the NY Times: $700 Billion Is Sought for Wall Street in Massive Bailout … I hope you laughed.  I did.  A little gallows humor.  —  And, yes the cost is still unknown, but there is no way that the taxpayers will profit.
Discussion: Buck Naked Politics
Sebastian Mallaby / Washington Post:
A Bad Bank Rescue
Discussion: Kevin Drum
Josh Marshall / Talking Points Memo:
PUT ON THE BRAKES  —  As noted in the previous post …
Discussion: The RBC
David M. Herszenhorn / New York Times:
Administration Is Seeking $700 Billion for Wall Street Bailout
Emptywheel:
No  —  CR has posted the “bailout plan,” as it currently stands.
Discussion: Firedoglake, D-Day and TalkLeft
Ian Welsh / Firedoglake:
Hank Paulson To Dems: Not Allowing CEO's to Keep Multi-Million Dollar Salaries Is A “Poison Pill”  —  Glad to see Paulson and the Republican Party are looking after Wall Street first: … A poison pill?  The executives who drove their banks into insolvency won't let the government save …
Discussion: Alas, a blog and Crooks and Liars
RELATED:
David Rogers / The Politico:
Dems on bailout: Include homeowners  —  Democrats are drafting a joint House-Senate bill to expedite action on the Treasury Department's $700 billion rescue plan for the financial markets but want the government to use its new leverage to slow foreclosures and cap compensation …
Discussion: Firedoglake, RADAMISTO and TPMCafe
Elizabeth Williamson / Wall Street Journal:
Lobbyists Scramble to Sway Deal  —  WASHINGTON — Titans of the financial industry are battling to influence the government's financial rescue plan, a package that will create new winners and losers in the sector.  —  Democrats in Congress want a rescue package that benefits homeowners at risk for foreclosure, not just Wall Street.
Peter S. Goodman / New York Times:
But Will It Work?  —  As the federal government steps to the center …
Discussion: BAGnewsNotes
Brookings Institute:
Concerns about the Treasury Rescue Plan
Discussion: Matthew Yglesias and RADAMISTO
Larisa Alexandrovna / The Huffington Post:
Welcome to the final stages of the coup...  UPDATES AT BOTTOM … In 2000, the long fought for and long admired democracy of the United States of America began a slow and steady decline toward fascism - a Bush family tradition - with the installment of a president - a man the citizens overwhelmingly rejected …
RELATED:
Jeff G. / protein wisdom:   You say you want a revolution, well, you know...
Patrick Healy / New York Times:
Pact on Debates Will Let McCain and Obama Spar  —  The Obama and McCain campaigns have agreed to an unusual free-flowing format for the three televised presidential debates, which begin Friday, but the McCain camp fought for and won a much more structured approach for the questioning …
Aaron Bruns / FOX Embeds:
Obama's “Got A Problem” If He Tries to Take Biden's Guns  —  CASTLEWOOD, VA — Memo to Barack Obama: don't mess with Joe Biden's guns.  —  At a fish fry for mine workers in rural Southwest Virginia, the Delaware Senator commiserated on being from coal country himself …
Discussion: www.redstate.com
RELATED:
Rex Murphy / Globe and Mail:
The incredible shrinking Obama  —  How's Barack Obama's narrative going?  —  Journalists used to tell stories, now they plumb narratives.  Narrative is a pretentious borrowing from the abstraction-clotted world of academic criticism, where texts are interrogated, authors are dead and high-toned fatuousness is king.
Andrew Malcolm / Top of the Ticket:
Sarah's Surprise: Palin to meet world leaders at U.N. next week  —  Alaska Gov. Sarah Palin will meet in New York next week with Afghanistan President Hamid Karzai, among other world leaders scheduled to visit the United Nations annual autumn General Assembly Session.
Discussion: protein wisdom
CNN:
Cheney must preserve records, judge orders  —  WASHINGTON (CNN) — Vice President Dick Cheney must preserve a broad range of records from his time in office, a federal judge ordered Saturday, ruling in favor of a private watchdog group.  —  U.S. District Judge Colleen Kollar-Kotelly found …
RELATED:
Washington Post:
Cheney must hold his records
Sam Harris / Newsweek:
When Atheists Attack  —  A noted provocateur rips Sarah Palin—and defends elitism.  —  Jack Dempsey / AP  —  Yes, I Can: Refusing to hesitate isn't a primordial truth of wise governance  —  From the magazine issue dated Sep 29, 2008  —  Let me confess that I was genuinely unnerved …
Discussion: Macsmind and Hot Air
Dan Balz / Washington Post:
Obama Hopes to Reverse Party Fortunes in Vote-Rich Fla.  —  Barack Obama was wrapping up his remarks at a Friday night fundraiser here when he turned to the importance of Florida and its 27 electoral votes in his battle for the White House against Republican John McCain.
Discussion: TalkLeft
Robert Pear / New York Times:
Behind the Scenes, Teams for Both Candidates Plan for a Presidential Transition  —  WASHINGTON — Though they hate to discuss it, Senators John McCain and Barack Obama are quietly planning what to do in the frenetic 77-day period from the presidential election to Inauguration Day …
Discussion: TIME.com
 
 
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 More Items: 
Sean D. Hamill / New York Times:
7 Years Later, 9/11 Hijackers' Remains Are in Limbo
Discussion: Right Wing News
Josh Marshall / Talking Points Memo:
BEFORE WE JUMP IN  —  There are subjects I know a lot …
Discussion: Eschaton
Jesse McKinley / New York Times:
Same-Sex Marriage Ban Is Tied to Obama Factor
Atrios / Eschaton:
0 To $1 Trillion In 4 days Flat
 Earlier Items: 
Yuval Levin / The Corner:
Trust on the Economy  —  The Diageo/Hotline poll offers …
Discussion: The Jed Report
John Amato / Crooks and Liars:
Rachel Maddow's ratings are incredible
Gordon Trowbridge / Detroit News:
Obama has slight edge on McCain in Mich.
Discussion: Commentary
Jo Mannies / St. Louis Post-Dispatch:
McCain takes slight lead in Mo., new poll finds
Discussion: FiveThirtyEight.com
John Amato / Crooks and Liars:
Cavuto says McCain-Palin sound just like Obama-Biden