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 Huffington Post, The Moderate Voice, Real Time Economics, Alas, a blog, Buck Naked Politics, American Street, Hullabaloo, Lawyers, Guns and Money, Newshoggers.com, American Power, Concurring Opinions, Megan McArdle, Mish's Global Economic …, The Big Picture, naked capitalism, the talking dog, Economist's View, Opinion L.A., TigerHawk, TIME.com, Eschaton, Balkinization, ECHIDNE OF THE SNAKES, Corrente, Viking Pundit and Philly.com
RELATED:
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.
Discussion:
Calculated Risk, ParaPundit, Portfolio, Time, Mish's Global Economic …, Firedoglake, Concurring Opinions, DealBook and Paul Kedrosky's …
David Leonhardt / New York Times:
Perhaps, Time for Someone to Play Offense — WASHINGTON — Late last week, as Lehman Brothers was collapsing, an all-star group of economists was meeting here to ponder the lessons of the financial crisis. The group included Donald Kohn, the vice chairman of the Fed, and Edward Lazear …
Discussion:
Angry Bear
Mike Allen / The Politico:
Pelosi orders wide Wall Street probe
Pelosi orders wide Wall Street probe
Discussion:
Patterico's Pontifications
Edmund L. Andrews / International Herald Tribune:
Fed rescues AIG with $85 billion loan for 80% stake
Fed rescues AIG with $85 billion loan for 80% stake
Discussion:
LewRockwell.com Blog
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 …
RELATED:
The Huffington Post:
Fiorina: Palin Doesn't Have Experience To Run A Major Company
Fiorina: Palin Doesn't Have Experience To Run A Major Company
Discussion:
vnunet, Marc Ambinder, Political Radar, NewsBusters.org, TPM Election Central, MSNBC, Patterico's Pontifications, Matthew Yglesias, Salon, Washington Monthly, Think Progress, The Hill's Blog Briefing Room, The Huffington Post, Scripting News, Top of the Ticket, Crooks and Liars and Wake up America
David Alexander / Tales from the Trail:
Financial gloom doesn't halt glitzy Obama fundraiser — So what does Barack Obama do after a hard day of defending the common man during the worst financial crisis since the Great Depression? — Throw a $28,500-a-head fundraising dinner, of course. — Followed by a $2,500 …
RELATED:
Washington Wire:
Obama Holds Fund-Raiser in Beverly Hills — Nick Timiraos reports from Los Angeles on the presidential campaign: — Hollywood A-listers paid big bucks to see Sen. Barack Obama at a Beverly Hills dinner on Tuesday night, where Obama focused his remarks on easing Democrats' jitters about the close race ahead.
Alaska_Politics / Anchorage Daily News:
And now this — From an e-mail sent overnight by Anchorage attorney Kevin Clarkson:
RELATED:
Tom Maguire / JustOneMinute:
The Mortgage Debacle - Not Enough Blame To Share Some With The Democrats? — Nancy Pelosi somewhat implausibly insisted that Democrats are blameless in the current mortgage debacle: … Barack Obama blames Bush for slack oversight: … However, the record tells the opposite story …
RELATED:
Klaus Marre / The Hill:
Pelosi: Dems bear no responsibility for economic crisis
Pelosi: Dems bear no responsibility for economic crisis
Discussion:
The Crypt's Blogs, Macsmind, Wake up America, THE ASTUTE BLOGGERS, Michelle Malkin and USS Neverdock
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.
Discussion:
The Poor Man Institute, Taylor Marsh, Booman Tribune, Washington Post, Talking Points Memo and Blog entry
Eric Boehlert / Media Matters for America:
McCain and Palin are laughing at the press — and it's the press' fault — Chris Matthews was steamed. — As John McCain's manufactured “lipstick on a pig” story was taking flight last week, Matthews, host of MSNBC's Hardball, kicked off the hour by teeing up the story.
Board of Governors of the Federal Reserve System:
For immediate release — The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. — Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently …
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 …
Mark Preston / CNN:
Prominent Clinton backer and DNC member to endorse McCain — WASHINGTON (CNN) — Lynn Forester de Rothschild, a prominent Hillary Clinton supporter and member of the Democratic National Committee's Platform Committee, will endorse John McCain for president on Wednesday, her spokesman tells CNN.
Discussion:
The News Buckit
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
Media Matters for America:
Limbaugh: “Troopergate” investigation is “pure sexism,” but Palin “didn't bend over and let” Alaska politicians “have their way” — On the September 16 broadcast of his nationally syndicated radio program, Rush Limbaugh said of the investigation into Gov. Sarah Palin's dismissal …
Philip Gourevitch / New Yorker:
THE STATE OF SARAH PALIN — The peculiar political landscape of the Vice-Presidential hopeful. — It rained a lot in Alaska this summer—even more than usual—and it was a cold summer, too. The sun doesn't set on much of the state between mid-June and mid-July, but the weather …