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9:50 AM ET, March 17, 2008

memeorandum

 Top Items: 
William Kristol / New York Times:
Generation Obama?  Perhaps Not.  —  Sunday evening, Ben Affleck and Jennifer Garner held a “Generation Obama” fund-raiser at Boston's Rumor Nightclub.  In case you're not up on the Boston club scene, I should tell you that Rumor “brings together the sexiest and hippest people from around the globe” …
RELATED:
Marc Ambinder:
Kristol Fails To Check His Sources, And So Bungles Key Fact In Anti-Obama Column  —  Bill Kristol's New York Times column about Barack Obama this morning contains a major, prejudicial error.  —  Paragraph five: … The error is in trusting the source without checking.
Discussion: The Daily Dish
Roger Cohen / New York Times:
Obama's Brother in China  —  So there I was, a couple of weeks back, sitting under a mango tree in western Kenya, when Senator Barack Obama's half-sister Auma says to me:  —  “My daughter's father is British.  My mom's brother is married to a Russian.  I have a brother in China engaged to a Chinese woman.”
Wall Street Journal:
Obama Under Fire As Personal Ties Stir Controversy  —  Pastor, Ex-Patron  —  Give the Campaign  —  New Set of Problems  —  Democratic presidential candidate Sen. Barack Obama is entering a new phase of scrutiny as he grapples with the fallout from statements by his longtime spiritual adviser …
Tom Maguire / JustOneMinute:
I Don't Know What You Did Last Summer  —  Barack catches a break …
Discussion: Hot Air
Tom Maguire / JustOneMinute:   Oprah, Obama, And Wright
Michelle Gallardo / WLS-TV:
Obama answers questions about Rezko, pastor
Discussion: EconoPundit
Paul Krugman / New York Times:
The B Word  —  O.K., here it comes: The unthinkable is about to become the inevitable.  —  Last week, Robert Rubin, the former Treasury secretary, and John Lipsky, a top official at the International Monetary Fund, both suggested that public funds might be needed to rescue the U.S. financial system.
RELATED:
Megan McArdle:
Sold!  —  So JP Morgan has agreed to buy Bear Stearns at $2 a share.  As others have already pointed out, this is, from the point of view of the shareholders, just barely better than bankruptcy.  Talk of a bailout of the bank is silly—this wasn't a bailout; it was an orderly winding-up of business.
Andrew Ross Sorkin / New York Times:
JP Morgan Pays $2 a Share for Bear Stearns  —  In a shocking deal reached on Sunday to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm's market price on Friday.  —  As part of the watershed deal, JPMorgan and the Federal Reserve …
Edmund L. Andrews / New York Times:
Fed Acts to Rescue Financial Markets  —  WASHINGTON — Hoping to avoid a systemic meltdown in financial markets, the Federal Reserve on Sunday approved a $30 billion credit line to engineer the takeover of Bear Stearns and announced an open-ended lending program for the biggest investment firms on Wall Street.
Ambrose Evans-Pritchard / Telegraph:
Foreign investors veto Fed rescue
Discussion: Vox Popoli
Wall Street Journal:
The Buck Stops Where?  —  In the credit market panic that began …
Discussion: Donklephant
Landon Thomas Jr / New York Times:
Fears That Bear Stearns's Downfall May Spread
Discussion: AMERICAblog
Matthew Yglesias:
Sunday Financial Meltdown Blogging
Discussion: Brendan Nyhan
Wall Street Journal:
Bear Stearns Closes in on Deal To Sell Itself to J.P. Morgan
Jeane MacIntosh / New York Post:
I WAS MCG AND WIFE'S THREE-WAY SEX STUD: EX-DRIVER  —  A former driver and aide to former New Jersey Gov. Jim McGreevey yesterday made the bombshell claim that Dina Matos McGreevey must have always known her husband was gay - because he was the other man in bed with them.
RELATED:
New Jersey Online:
McGreevey aide says he had sexual trysts with ex-governor, wife  —  A former aide to James E. McGreevey said today that he had three-way sexual trysts with the former governor and his wife before he took office, challenging Dina Matos McGreevey's assertion that she was naive about her husband's sexual exploits.
Lesley Clark / MiamiHerald.com:
Democrats unable to agree on Florida do-over  —  The ongoing problem of how to resolve Florida's outsider status in the presidential race continued to divide Democrats.  —  AIM  —  lclark@MiamiHerald.com  —  As the Florida Democratic Party gets ready to decide Monday whether to pull …
RELATED:
Detroit News:
Obama, Clinton campaigns still at odds over Michigan redo
Discussion: MSNBC
Scott Helman / Boston Globe:
Many voting for Clinton to boost GOP  —  Seek to prolong bitter battle  —  For a party that loves to hate the Clintons, Republican voters have cast an awful lot of ballots lately for Senator Hillary Clinton: About 100,000 GOP loyalists voted for her in Ohio, 119,000 in Texas, and about 38,000 in Mississippi, exit polls show.
Dan Balz / Washington Post:
White Male Vote Especially Critical  —  Questions Remain Over Obama's Ability to Appeal to Demographic  —  In the fierce campaign between Sens. Hillary Rodham Clinton and Barack Obama, a battle dominated by questions of race and gender, white men have emerged as perhaps the single critical swing constituency.
RELATED:
Zogby:
Zogby Poll: U.S. Wants McCain to Answer the Phone  —  GOP presidential candidate seen as best to handle a 3 a.m. crisis at the White House  —  UTICA, New York - The recent Hillary Clinton campaign advertisement asking who Americans want answering the phone in the White House when a crisis erupts …
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 More Items: 
Amy Chozick / Wall Street Journal:
Candidates Court Catholics
Discussion: The Caucus and The Page
Peter Baker / Washington Post:
Cost Nearly Doubles For Marine One Fleet
Mark Steyn / The Corner:
Bill Bradley's anger management
Deb Riechmann / Associated Press:
Cheney to Meet With Iraqi Leaders
Discussion: Firedoglake
Pajamas Media:
Soft Jihad: the next phase
 Earlier Items: 
Warren P. Strobel / McClatchy Washington Bureau:
Iraq war's cost: Loss of U.S. power, prestige, influence
Jeff Jacoby / Boston Globe:
Patton and the 2008 vote  —  ON THE eve of the Normandy invasion …
Los Angeles Times:
U.S. tries to shut revolving door of illegal reentry
Alan Greenspan / Financial Times:
We will never have a perfect model of risk
Scott Horton / Harper's:
The Gathering Storm at Justice