Top Items:
New York Times:
Fed's $85 Billion Loan Rescues Insurer — By EDMUND L. ANDREWS, MICHAEL J. de la MERCED and MARY WILLIAMS WALSH — WASHINGTON — Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control …
Discussion:
The Moderate Voice, Michelle Malkin, Megan McArdle, Newshoggers.com, Eschaton, The Big Picture, Economist's View, TigerHawk, Opinion L.A., Concurring Opinions, Alas, a blog, the talking dog, Mish's Global Economic …, Real Time Economics, TIME.com, ECHIDNE OF THE SNAKES and Lawyers, Guns and Money
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Wall Street Journal:
U.S. Plans Rescue of AIG to Halt Crisis; Central Banks Inject Cash as Credit Dries Up — $85 Billion Loan for Giant Insurer Aimed at Averting Collapse; — Historic Move Would Cap 10 Days That Reshaped U.S. Finance; — Fed Says AIG Will Sell Businesses in Orderly Manner
Board of Governors of the Federal Reserve System:
For release at 9:00 p.m. EDT — The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act.
DealBook:
Fed to Offer Bridge Loan to A.I.G. and Take Control of Firm — Updated: The Federal Reserve plans to offer an $85 billion bridge loan to the American International Group in return for control of the ailing insurance giant, people briefed on the matter said Tuesday night.
Alaska_Politics / Anchorage Daily News:
And now this — From an e-mail sent overnight by Anchorage attorney Kevin Clarkson:
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Ed Morrissey / Hot Air:
Palin fires back in Troopergate, releases memos showing insubordination — Sarah Palin issued a response to the Troopergate investigation yesterday by releasing internal memoranda that show Walt Monegan got fired for insubordination on budget matters and not because of his refusal to fire Palin's former brother-in-law.
Zachary Roth / TPMMuckraker:
Source: Sex Assault Program Cited in Monegan Firing Targeted Child Abusers
Source: Sex Assault Program Cited in Monegan Firing Targeted Child Abusers
Wesley Loy / Anchorage Daily News:
Palin accuses Monegan of insubordination
Palin accuses Monegan of insubordination
Discussion:
Agence France Presse, The Next Right, TPMMuckraker, Firedoglake and The Immoral Minority
Jonathan Martin / The Politico:
Holtz-Eakin: McCain helped create BlackBerry — Asked what work John McCain did as Chairman of the Senate Commerce Committee that helped him understand the financial markets, the candidate's top economic adviser wielded visual evidence: his BlackBerry. — “He did this,” Douglas Holtz-Eakin …
Discussion:
Associated Press, Firedoglake, The Caucus, Daily Kos, TPM Election Central, Threat Level, Group News Blog, MSNBC, The Swamp, Washington Wire, Think Progress, Brian Beutler, MoJoBlog, Don Surber, The Hill's Blog Briefing Room, AMERICAblog News, The Gun Toting Liberal, Brilliant at Breakfast, Matthew Yglesias and Comments from Left Field
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The Huffington Post:
Fiorina: Palin Doesn't Have Experience To Run A Major Company — Carly Fiorina, a key surrogate for John McCain on economic issues, said on Tuesday that Sarah Palin does not have the experience needed to run a major company like the one that Fiorina formerly headed.
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CNN:
Fiorina's comment called ‘Biden-like’ — (CNN) — Top McCain-Palin official Carly Fiorina is facing criticism from some within the campaign for a day of what they call “very Biden-like” comments, after the former Hewlett-Packard CEO told two separate interviewers that neither member …
David Hanners / TwinCities.com:
GOP delegate's hotel tryst goes bad when he wakes up with $120,000 missing — He met her in the bar of the swank hotel and invited her to his room. Once there, the woman fixed the drinks and told him to get undressed. — And that, the delegate to the Republican National Convention told police, was the last thing he remembered.
Ben Smith / The Politico:
GOP group behind negative Obama poll — A Republican group is taking responsibility for a poll that has roiled the Jewish community by asking sharply negative questions about Senator Barack Obama. — The Republican Jewish Coalition, which is launching a campaign against Obama on behalf …
McCainPedia:
Count the Lies — John McCain may be trying to sell himself as a “maverick” and a “straight talker” who will tell the truth no matter the consequences, but independent, non-partisan watchdog groups aren't buying it. But, since he wrapped up his party's nomination, John McCain has offered more of the same false attacks and smears.
Discussion:
The Huffington Post
John Bresnahan / The Politico:
Cash-poor Obama says no to Reid — Earlier this month, Senate Majority Leader Harry Reid made a personal appeal to Barack Obama: Help me grow the Democrats' Senate majority by sharing some of the $77 million you've got in the bank. — Obama's campaign said no.
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Victor Davis Hanson / The Corner:
Reaching Critical Mass — The sudden change in the polls the last 10 days, even though it may be temporary, has prompted a furor in the media that has no parallel in modern election history. Vicious words like “treason”, “abasement”, “liar”, and “lying” are in the air now in an unheralded attack on McCain …
Sean Penn / The Huffington Post:
Country First (or, How The Media Loves A Lipsticked Rumsfeld) — Banks are falling and businesses busting, middle-class Americans are losing their homes in droves, while greedy poison comes a tricklin' down!!! — But, “the fundamentals are good!” John McCain said they're good.
Discussion:
The Other McCain
Jonathan Martin / The Politico:
McCain press pack stages mini-insurrection — Amie Parnes reports: — Reporters traveling with John McCain are slightly miffed that the senator hasn't had any face time with them in, well, a month and three days (But who's counting?) — So, when Straight Talk Air departed Tampa today, a dozen reporters chanted, “Bring Mac back!
Discussion:
Newshoggers.com
CNN:
Cafferty: Obama: Race a factor? — Race is arguably the biggest issue in this election, and it's one that nobody's talking about. — The differences between Barack Obama and John McCain couldn't be more well-defined. Obama wants to change Washington. McCain is a part of Washington and a part of the Bush legacy.
Taegan Goddard / Political Insider:
Obama vs. Palin — If you want to know why Gov. Sarah Palin drives liberal Democrats crazy — and is helping Sen. Barack Obama raise money at a record pace — here's an excerpt from an viral email making its way around the country: — If you grow up in Hawaii, raised by your grandparents, you're “exotic, different.”