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2:05 PM ET, September 21, 2008

memeorandum

 Top Items: 
Mike Allen / The Politico:
Exclusive: Foreign banks may get help  —  In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department's mortgage bailout, according to the fine print of an administration statement Saturday night.
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Mike Allen / The Politico:
43 days - Stephanopoulos: “The era of big government is back”  —  Execs at failed Lehman could get $2.5 billion (with a b) in bonuses — Paulson package could pass off House floor on Thursday — Newsweek cover: “King Henry” Paulson — From Sunday shows: Paulson will resist curbs on executive pay …
Newsweek:
All the Candidates' Cars  —  From the magazine issue dated Sep 29, 2008  —  When you have seven homes, that's a lot of garages to fill.  After the fuss over the number of residences owned by the two presidential nominees, NEWSWEEK looked into the candidates' cars.
Daniel Gross / Newsweek:
The Captain of the Street  —  Treasury Secretary Hank Paulson has a radical game plan for beating America's financial crisis.  This former investment banker may be the right man at the right time. … From the magazine issue dated Sep 29, 2008  —  It was a message he never expected to deliver.
RELATED:
Jonathan Weisman / Washington Post:
Campaigns Beef Up Economic Teams in Face of Crisis  —  On Tuesday night, as the federal government was seizing control of insurance giant AIG, Sen. Barack Obama was speeding toward a Hollywood fundraiser.  The Democratic presidential nominee had 20 minutes before he arrived …
Discussion: Sirotablog, TIME.com and Althouse
Elizabeth Williamson / Wall Street Journal:
Lobbyists Scramble to Sway Deal
Ian Welsh / Firedoglake:
Hank Paulson To Dems: Not Allowing CEO's to Keep Multi-Million …
Discussion: Alas, a blog and Crooks and Liars
The Politico:
Franken helps craft McCain ‘SNL’ skit  —  Al Franken, the former “Saturday Night Live” star now running in a high-profile Senate race in Minnesota, helped craft the opening sketch mocking John McCain that kicked off the NBC comedy show Saturday, according to two well-placed sources inside the network.
Peter Bray / Slate:
Did Obama Just Touch the Third Rail?  —  CURIOUS EDITS TO HIS SOCIAL SECURITY PAGE.  —  Barack Obama is such a hard-core wonk, his camp grinds through policy day in, day out.  That may be a great quality to have in a president—but it's not necessarily a smart strategy for a presidential candidate just weeks before an election.
Discussion: Althouse, Macsmind and Stop The ACLU
RELATED:
Paul Krugman:
Thinking the bailout through  —  What is this bailout supposed to do?  Will it actually serve the purpose?  What should we be doing instead?  Let's talk.  —  First, a capsule analysis of the crisis.  —  1. It all starts with the bursting of the housing bubble.
Nicholas D. Kristof / New York Times:
The Push to ‘Otherize’ Obama  —  Here's a sad monument to the sleaziness of this presidential campaign: Almost one-third of voters “know” that Barack Obama is a Muslim or believe that he could be.  —  In short, the political campaign to transform Mr. Obama into a Muslim is succeeding.
Maureen Dowd / New York Times:
Seeking a President Who Gives Goose Bumps?  So's Obama.  —  Now that he's finally fired up on the soup-line economy, Barack Obama knows he can't fade out again.  He was eager to talk privately to a Democratic ex-president who could offer more fatherly wisdom — not to mention a surreptitious smoke — and less fraternal rivalry.
Jeff G. / protein wisdom:
You say you want a revolution, well, you know...  A couple years back I talked about a kind of bloodless civil war happening in the US, the idea being that a logistical reshuffling could bring back into the national discussion federalist principles and arguments.
RELATED:
Barry Ritholtz / The Big Picture:
Bill Moyers & Kevin Phillips on Bad Money  —  Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role …
Discussion: The Moderate Voice
Bonney Kapp / FOX Embeds:
Protesting Obama by Air  —  JACKSONVILLE, FL - Protesters are as common to the campaign trail as supporters - from those waving McCain signs at the entrance of events, to the more subtle passersby who flash the thumbs down gesture (or worse) along the motorcade route, to the occasional group that infiltrates and interrupts an event.
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
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 More Items: 
Reliapundit / THE ASTUTE BLOGGERS:
SUB-PRIME SLIME: OBAMA AND PRITZKER
Frank Rich / New York Times:
Truthiness Stages a Comeback
Discussion: PERRspectives Blog
Robert Barnes / Washington Post:
Republicans Compose a New Way of Campaigning
Discussion: Top of the Ticket and TIME.com
Cernig / Crooks and Liars:
Make Stuff Up, Bomb Iran
Discussion: The Independent and Israel Matzav
Dexter Filkins / New York Times:
Back in Iraq, Jarred by the Calm
 Earlier Items: 
Matthew Kaminski / Wall Street Journal:
Why the Surge Worked  —  Earlier this week in Baghdad …
Discussion: American Power and Commentary
William Kristol / Weekly Standard:
If...  Which candidate will keep his head?  —  “If you can keep …
Discussion: Commentary and Booman Tribune
Robert Pear / New York Times:
Behind the Scenes, Teams for Both Candidates Plan for a Presidential Transition
Discussion: The Caucus and TIME.com
Rex Murphy / Globe and Mail:
The incredible shrinking Obama
Dan Balz / Washington Post:
Obama Hopes to Reverse Party Fortunes in Vote-Rich Fla.
Discussion: TalkLeft