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2:35 PM ET, September 22, 2008


 Top Items: 
Martin Kady II / The Crypt's Blogs:
Dodd bill more aggressive than Treasury plan  —  Banking Committee Chairman Christopher Dodd is taking much more aggressive approach to the Treasury bailout plan, demanding foreclosure assistance, limits on executive compensation and profit sharing for taxpayers if the Treasury begins …
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 …
James Pethokoukis / US News:
Bailout Prevents Great Depression 2.0  —  What would be the dollar cost of not bailing out Wall Street?  Try a number north of $30 trillion.  (The awful math is detailed below.)  That's why Hank Paulson and Ben Bernanke were so scared last week.  And, yes, I think “scared” isn't too strong a word.
Discussion: The Corner, QandO and Ed
The Politico:
CEO pay emerges as bailout barrier  —  Flying in the face of Congress and both presidential campaigns, Treasury is resisting efforts to impose pay limits on Wall Street executives and bankers whose companies stand to be helped by the government's $700 billion rescue plan for the financial markets.
Dawn Kopecki / Bloomberg:
U.S. Treasury Widens Scope of Plan to Buy Bad Debt
Discussion: American Street
Michelle Malkin:
Why Henry Paulson must be “contained”
Discussion: Law Blog
Kevin Bogardus / The Hill:
Dodd to seek changes to Treasury relief package
Discussion: The Crypt's Blogs and The Swamp
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.
Kevin Hassett / Bloomberg:
How the Democrats Created the Financial Crisis: Kevin Hassett  —  Sept. 22 (Bloomberg) — The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.
Byron York / The Corner:
The McCain Campaign and the Times  —  Top McCain campaign officials have just finished a conference call to unveil a new ad, called “Chicago Machine,” which highlights ties between Barack Obama and Tony Rezko, William Daley, Emil Jones, and Rod Blagojevich.  The ad, the officials say …
Damian Paletta / Wall Street Journal:
Dodd's Bailout Draft Could Give Companies' Shares to Government  —  WASHINGTON — Senate Democrats want to add tough new measures to the Treasury Department's proposal to bail out financial firms, including strict limits on executive compensation and a provision that would allow the government …
Rick Pearson / Clout St:
McCain ad takes on Obama and ‘Chicago machine’
Dr. Rusty Shackleford / The Jawa Report:
Hope, Change, & Lies: Orchestrated “Grassroots” Smear Campaigns & the People that Run Them [Updated]  —  ***Sticky***Scroll past on main page for newer posts***Updates sprinkled throughout post and summarized at end***  —  Extensive research was conducted by the Jawa Report to determine …
Board of Governors of the Federal Reserve System:
For release at 9:30 p.m. EDT  —  The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies.  —  To provide increased liquidity support to these firms as they transition …
Nouriel Roubini / Nouriel Roubini's Global …:
The Shadow Banking System is Unravelling: Roubini Column in the Financial Times.
Discussion: Kevin Drum
Sarah Palin / New York Sun:
Palin on Ahmadinejad: ‘He Must Be Stopped’  —  Governor Palin, the Republican nominee for vice president, was scheduled to speak today at a rally in Dag Hammarskjold Plaza to protest the appearance here of President Ahmadinejad of Iran.  Her appearance was canceled by rally organizers who sought a nonpolitical event.
Washington Post:
Steering the McCain Campaign, a Lot of Old Bush Hands  —  When Gov. Sarah Palin flew home to Alaska for the first time since being named the Republican vice presidential nominee, she brought along at least half a dozen new advisers to conduct briefings, stage-manage her first television interview …
Andrew Sullivan / The Daily Dish:
The End-Times And Sarah Palin  —  Yes, she believes in them.  Of course she believes in them.  Her former pastor believes that Alaska will be the refuge for the faithful in the lower 48 states when the Rapture comes.  She is a Biblical literalist who denies evolution - who has to deny evolution - to remain in her church.
Discussion: The Moderate Voice and Donklephant
David Prosser / The Independent:
Fury at $2.5bn bonus for Lehman's New York staff  —  Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
Press Association:
HAPPENING NOW: McCain in Scranton  —  (CNN) — John McCain is holding a town-hall event in Scranton, Pennsylvania this hour.  —  He's expected to discuss his reaction the the nearly $1 trillion federal bailout.  —  Read McCain's prepared remarks after the jump
Discussion: The Huffington Post
Patricia Cohen / New York Times:
Conservatives Try New Tack on Campuses  —  COLORADO SPRINGS — Acknowledging that 20 years and millions of dollars spent loudly and bitterly attacking the liberal leanings of American campuses have failed to make much of a dent in the way undergraduates are educated, some conservatives have decided to try a new strategy.
Discussion: Whiskey Fire and Hullabaloo
Ali / Think Progress:
New poll: Zero percent of Americans think national economy is improving.  —  A new American Research Group poll shows that “[n]o Americans say that the national economy is getting better,” while 82 percent say it is getting much worse.  Only 17 percent approve of President Bush's handling of the economy, with 78 percent disapproving.
Discussion: Political Machine and MyDD
The New Republic:
Polling question  —  Am I the only one bothered by these Research 2000 polls sponsored by the website, Daily Kos?  Every time I have looked at their numbers, they have shown Barack Obama with a greater lead over John McCain than comparable polls show.  Today it is 49-43 percent Obama compared …
Discussion: Open Left and Daily Kos
Monica Langley / Wall Street Journal:
Stand-Ins, Naps Help Debate Preparation  —  To get in the debating mood, Republican John McCain will host a town-hall event and take a short nap.  His rival, Democrat Barack Obama, will work out or shoot hoops.  —  And to prepare, Sen. McCain will spar this week in mock debates with Michael Steele.
Discussion: MSNBC, Law Blog, The Caucus and Wonkette
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 More Items: 
Associated Press:
Tina Fey's Emmy Night: Humble, Wants To Stop Playing Sarah Palin
Greg Sargent / TPM Election Central:
Obama Hits McCain Over Zapatero Gaffe, Compares Him To Cheney
Lara Jakes Jordan / Associated Press:
FBI searches apartment in Palin hacking case
Discussion: The Other McCain
Patrick Ruffini / The Next Right:
Republicans Should Vote Against the Bailout
Ross Douthat:
Palin and Her (Conservative) Critics
Discussion: Eunomia
Marc Ambinder:
NRA Begins Multi-Million-Dollar Television Ad Campaign
Discussion: Ben Smith's Blogs and Gawker
Andrew Malcolm / Top of the Ticket:
Hoy, el senor Limbaugh speaks en espanol about Obama
Discussion: The Swamp
 Earlier Items: 
Anne / Nielsen Wire:
Uncommitted Voters More Engaged By RNC Telecasts
Discussion: protein wisdom and The Swamp
Satyam / Think Progress:
McCain Clueless When Asked About Fiorina's $40 Million Golden …
Bill Saporito / Time:
How We Became the United States of France
The Big Trunk / Power Line:
Jonathan Martin / Jonathan Martin's Blogs:
Team McCain tosses more chum overboard
Discussion: Washington Monthly
Richard Wolf / USA Today:
Early voting starts today in some states