Top Items:
New York Times:
Democrats Begin to Set Own Bailout Terms — WASHINGTON — Congressional Democrats began to set their own terms on Sunday for a plan to rescue the nation's financial institutions, including greater legislative oversight of the Treasury Department, more direct assistance for homeowners and limits …
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Newt Gingrich / The Corner:
Before D.C. Gets Our Money, It Owes Us Some Answers — Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening. — We are being told Treasury Secretary Henry Paulson has a plan which will shift $700 billion in obligations from private companies to the taxpayer.
Matt Stoller / Open Left:
Yes, There Are Deeply Angry Democratic Members of Congress — This email is from a lawmaker and it should give you a flavor for what's going on right now in Congress.
Discussion:
Buck Naked Politics, American Power, CBS News, Off the Kuff, Comments from Left Field, Calculated Risk, The Moderate Voice, Booman Tribune, Hullabaloo, The Sideshow, The Mahatma X Files, Kevin Drum, Brilliant at Breakfast, Michigan Messenger, I Don't Like You Either, Balloon Juice and Los Angeles Times
Frank James / The Swamp:
Obama: No blank check for Wall St — CHARLOTTE, N.C. - In his first comments about a $700 billion government bailout package meant to help stabilize Wall Street, Sen. Barack Obama on Sunday stopped short of saying whether he supports the proposal, as he laid out some broad economic goals he believes such a plan should include.
New York Times:
Bipartisan Support for Wall St. Rescue Plan Emerges — WASHINGTON — Bipartisan support appeared to be emerging Sunday among American lawmakers to give quick approval to a vast bailout of financial institutions. — But senior lawmakers put forward some of their own ideas for rescuing …
Amanda Scott / Barack Obama and Joe Biden:Senator Obama's Statement of Principles for the Treasury Proposal
Dan Balz / Washington Post:McCain Health-Care Article Fuels New Clash Over Economy
Discussion:
The Plank, The Raw Story, AMERICAblog News, The Caucus, Prometheus 6, New York Times and Agence France Presse
Bill Cotterell / News Press:
Palin draws crowd of 60,000 in The Villages — THE VILLAGES — Republican vice presidential nominee Sarah Palin told wildly cheering, flag-waving, chanting supporters that John McCain is “the only great man in this race” and promised Sunday he will fix the nation's economy if voters give the GOP four more years in the White House.
Discussion:
Hot Air, TBogg, Macsmind, NewsBusters.org, GINA COBB, Patterico's Pontifications, Wizbang, The Strata-Sphere and The Other McCain
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Jonathan Martin / Jonathan Martin's Blogs:
Palin draws largest crowd yet for GOP — Sarah Palin tonight attracted the largest crowd yet to any Republican campaign event this cycle, drawing tens of thousands of Floridians out in a conservative-leaning retirement community north of Orlando for a solo rally.
Discussion:
Gateway Pundit
Dr. Rusty Shackleford / The Jawa Report:
Hope, Change, & Lies: Orchestrated “Grassroots” Smear Campaigns & the People that Run Them — Extensive research was conducted by the Jawa Report to determine the source of smears directed toward Republican Vice Presidential candidate Sarah Palin. Those smears included false allegations …
Clif / Sadly, No!:
Shorter Entire Right-Wing Blogosphere … - We agree with Investors' Business Daily, which says that the reason for the current financial crisis is that the Community Reinvestment Act passed by the Democrats forced banks to lend money to a bunch of shiftless darkies who couldn't repay their loans.
NY Daily News:
Mac and I had tropical heat in Rio, says ex — BY HAROLD EMERT IN RIO DE JANEIRO AND PATRICK SULLIVAN IN NEW YORK — While John McCain attended his 50th Naval Academy reunion Saturday, a Brazilian beauty fondly recalled the affair she had with the young “good kissing” midshipman she met a half a century ago.
Discussion:
TBogg
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.
Discussion:
AMERICAblog News
Newsweek:
All the Candidates' Cars — From the magazine issue dated Sep 29, 2008 — When you have seven homes, that's a lot of garages to fill. After the fuss over the number of residences owned by the two presidential nominees, NEWSWEEK looked into the candidates' cars.
Yuval Levin / The Corner:
The Bailout — Everyone should read the actual text of the proposed bailout plan the administration is sending to Congress. It's clearly not a final version (the part about only purchasing from financial institutions headquartered in the US has already been changed, as Kathryn notes below) …
DealBook:
Goldman, Morgan to Become Bank Holding Companies — Goldman Sachs and Morgan Stanley, the last two independent investment banks, will become bank holding companies, the Federal Reserve said Sunday night, a move that will fundamentally alter the landscape of Wall Street.
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