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8:30 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.
New York Times:
2 Candidates Back Bailout, With Caveats  —  PHILADELPHIA — Senators John McCain and Barack Obama warned Sunday that there should be more oversight built into the government's $700 billion plan to stabilize the financial markets but said the potentially enormous expenditure would not force …
Discussion: TIME.com and Time
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
Dr. Rusty Shackleford / The Jawa Report:
Hope, Change, & Lies: Orchestrated “Grassroots” Smear Campaigns & the People that Run Them  —  Extensive research was conducted by the Jawa Report to determine the source of smears directed toward Republican Vice Presidential candidate Sarah Palin.  Those smears included false allegations …
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
Allahpundit / Hot Air:
Palinmania: 60,000 turn out for event in Florida?
Discussion: Wizbang and The Other McCain
Dotcomabc / Political Radar:
Palin Says Obama Voting ‘Present’ on the Economy
Discussion: TIME.com
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.
Frank James / The Swamp:
Obama: No blank check for Wall St  —  CHARLOTTE, N.C. - In his first comments about a $700 billion government bailout package meant to help stabilize Wall Street, Sen. Barack Obama on Sunday stopped short of saying whether he supports the proposal, as he laid out some broad economic goals he believes such a plan should include.
RELATED:
Robert A. George / RAGGED THOTS:
Cuomo For SEC?  WTF?  —  Last week was hardly John McCain's finest moment when, deciding that the Securities and Exchange Commission bore major responsibility for the Wall Street madness, he essentially called for SEC Chairman Chris Cox to be fired.  —  (Perhaps it was my imagination …
Discussion: Spin Cycle
RELATED:
Jonathan Martin / Jonathan Martin's Blogs:
McCain strikes bipartisan notes in 60 Minutes interview
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.
RELATED:
Craig Torres / Bloomberg:
Fed Allows Goldman, Morgan Stanley to Become Banks
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
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.
Discussion: Blog entry, The Other McCain and D-Day
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
 
 
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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
New York Times:
Foreign Banks Hope Bailout Will Be Global
Discussion: Firedoglake
Gallup:
Gallup Daily: Obama Leading McCain by 4 Points
Discussion: Daily Kos and MyDD
 Earlier Items: 
Phyllis Schlafly / San Francisco Chronicle:
Feminists against Palin - shame on you
NY Daily News:
Mac and I had tropical heat in Rio, says ex
Discussion: TBogg
Stephen F. Hayes / Weekly Standard:
Democrats and Double Standards