Top Items:
Patrick O'Connor / The Crypt's Blogs:
Boehner calls bill a “crap sandwich” — but he'll vote for it — In a closed-door session with House Republicans, Minority Leader John A. Boehner just called the financial rescue deal a “crap sandwich” - then said he'll vote for it when it comes to the floor Monday.
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David Rogers / The Politico:
Bailout bill day of reckoning — Treasury's $700 billion rescue plan for the financial markets goes to the House floor Monday, backed by the two major presidential candidates but facing resistance still on the right and left. — Coming just weeks before the November elections …
Kevin Bogardus / The Hill:
Kucinich says not enough votes for bailout — A prominent liberal Democratic lawmaker said Sunday there are not enough votes to pass the bailout package as it stands now. — “I will tell you right now I don't know if they have votes,” said Rep. Dennis Kucinich (D-Ohio).
Discussion:
The Politico, Eunomia, Gawker, American Spectator, The Raw Story, Open Left and Dealbreaker
The Politico:
GOP leaders on board; will others join? — In a closed-door session with House Republicans Sunday evening, Minority Leader John A. Boehner called the $700 billion financial rescue deal a “crap sandwich” — then said he plans to vote for it. — House Republicans are the key to the bill's passage Monday …
Jaketapper / Political Punch:
Key House GOP Opponent of Bailout Bill Changes Tune: “It Sucks” …
Key House GOP Opponent of Bailout Bill Changes Tune: “It Sucks” …
Discussion:
TalkLeft
William Kristol / New York Times:
How McCain Wins — John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? — He has a chance. But only if he overrules those of his aides who are trapped by conventional wisdom, huddled in a defensive crouch and overcome by ideological timidity.
Discussion:
Commentary, Firedoglake, marbury, Talking Points Memo, TIME.com, The Other McCain and ATTACKERMAN
Paul Krugman / New York Times:
The 3 A.M. Call — It's 3 a.m., a few months into 2009, and the phone in the White House rings. Several big hedge funds are about to fail, says the voice on the line, and there's likely to be chaos when the market opens. Whom do you trust to take that call? — I'm not being melodramatic.
Discussion:
LewRockwell.com Blog
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Jeff Jacoby / Boston Globe:
Frank's fingerprints are all over the financial fiasco
Frank's fingerprints are all over the financial fiasco
Discussion:
Clayton Cramer's BLOG
Peter Orszag / Director's Blog:
Emergency Economic Stabilization Act of 2008 — CBO has just issued its analysis of the Emergency Economic Stabilization Act of 2008, as released tonight by the House Committee on Financial Services. Among other provisions, the legislation would create a Troubled Assets Relief Program (TARP).
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Dinesh Ramde / Associated Press:
Soldier's mother “ecstatic” about Obama's bracelet — MILWAUKEE - The mother of a Wisconsin soldier who died in Iraq says she was “ecstatic” during Friday's debate when Senator Barack Obama mentioned the bracelet she gave him in honor of her son. — Tracy Jopek of Merrill told …
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Brett J. Blackledge / Associated Press:
AP Investigation: Palin got zoning aid, gifts — WASILLA, Alaska (AP) — Though Sarah Palin depicts herself as a pit bull fighting good-old-boy politics, in her years as mayor she and her friends received special benefits more typical of small-town politics as usual, an Associated Press investigation shows.
New York Times:
Citigroup and Wells Fargo Said to Be Bidding for Wachovia — Federal regulators on Sunday night were pressing for the sale of yet another troubled bank — this time, the Wachovia Corporation — in a move that would concentrate power within the nation's banking industry in the hands of a few giant lenders.
Discussion:
BloggingStocks, FT Alphaville, Shakesville, Money & Company, Mish's Global Economic … and Calculated Risk
Stanley Kurtz / New York Post:
O'S DANGEROUS PALS — BARACK'S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES — WHAT exactly does a “community organizer” do? Barack Obama's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit.
Discussion:
Betsy's Page
Ann Althouse / Althouse:
Tom Brokaw's bizarre idea of what fairness required. — Steve Schmidt and David Axelrod were on “Meet the Press” this morning, and they spewed talking points and evaded the questions asked by Tom Brokaw. Here's the best example of that: … Translation: The Wall Street Journal is absolutely right!
Edward Wong / New York Times:
Doubt Arises in Account of an Attack in China — A foreign tourist took photographs of an attack on paramilitary officers in Kashgar, China. One of the photographs showed uniformed men wielding machetes and attacking other uniformed men. Chinese officials, however, have said that two Uighur men used machetes in the attack.
Joe Hallett / The Columbus Dispatch:
McCain tells ‘Dispatch’ that bailout is emergency measure ‘to stop bleeding’ — Republican nominee says Paulson, Bernanke convinced him plan needed — Along with Sen. Barack Obama, Sen. John McCain has embraced a $700 billion bailout of the nation's troubled financial industry.
Nouriel Roubini / Nouriel Roubini's Global …:
Is Purchasing $700 billion of Toxic Assets the Best Way to Recapitalize the Financial System? No! It is Rather a Disgrace and Rip-Off Benefitting only the Shareholders and Unsecured Creditors of Banks — Delicious Digg Facebook reddit Technorati — Nouriel Roubini
Discussion:
naked capitalism
James Simpson / American Thinker:
Barack Obama and the Strategy of Manufactured Crisis — America waits with baited breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.
Stuart Watson / The Charlotte Observer:
Mayor ‘just curious’ if Obama is antichrist — FORT MILL, S.C. — Fort Mill Mayor Danny Funderburk says he was “just curious” when he forwarded a chain e-mail suggesting Democratic Presidential Candidate Barack Obama is the biblical antichrist. “I was just curious if there was any validity to it …
Stephen Braun / Los Angeles Times:
Palin treads carefully between fundamentalist beliefs and public policy — Her faith views are strong and sometimes controversial. Her aides say she seeks to share but not impose her faith; her critics say she has ‘a fine-tuned sense of how far to push.’ — ANCHORAGE — Soon after Sarah Palin …