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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 …
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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 …
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
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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.
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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
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LewRockwell.com Blog
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 …
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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 …
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Alaska_Politics / Anchorage Daily News:
And now this — From an e-mail sent overnight by Anchorage attorney Kevin Clarkson:
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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 …
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Klaus Marre / The Hill:
Pelosi: Dems bear no responsibility for economic crisis
Pelosi: Dems bear no responsibility for economic crisis
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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.
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.
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 …
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 …
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 …
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.
Ahmed Al-Haj / Associated Press:
Official: US Embassy in Yemen hit by car bomb — SAN'A, Yemen (AP) — A car bomb targeting the U.S. Embassy hit the front gate of the compound in Yemen's capital on Wednesday, causing unspecified casualties, a U.S. spokesman said. — Ryan Gliha, the embassy spokesman …