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1:35 PM ET, November 28, 2011

memeorandum

 Top Items: 
Bloomberg:
Secret Fed Loans Gave U.S. Banks Undisclosed $13B  —  The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret.  Now, the rest of the world can see what it was missing.  —  The Fed didn't tell anyone which banks …
RELATED:
Felix Salmon:
Chart of the day, Morgan Stanley bailout edition  —  Ladies and Gentlemen, this is what a lender of last resort looks like.  What you're looking at here are three lines.  The black line is Morgan Stanley's market capitalization, which tends to hover in the $40 billion range but which fell as low as $9.8 billion in November 2008.
Kevinliptak / CNN:
Barney Frank not seeking re-election in 2012  —  Washington (CNN) - Massachusetts Congressman Barney Frank, a prominent 16-term liberal Democrat and arch-enemy of political conservatives nationwide, will announce Monday he does not intend to seek re-election in 2012, according to a statement from Frank's office.
RELATED:
Boston Globe:
Barney Frank not to seek reelection in 2012  —  On April 20, 2010, US Representative Barney Frank, then chairman of the House Financial Services Committee, struck the gavel during a hearing on the Lehman Brothers collapse  —  US Representative Barney Frank, the state's highest-profile congressman …
Ian Swanson / Ballot Box:
Rep. Frank won't run for reelection
Fox News:   Barney Frank to Announce He Won't Seek Re-Election
Jessica Taylor / Hotline On Call:
Barney Frank To Retire From Congress
Charles Franklin / Polls And Votes:
Recognition and Favorability of GOP2012 Candidates  —  The rise of Newt Gingrich over the past 10 days or so, now capped with a Manchester Union Leader endorsement, is the culmination of a months long rejuvenation process.  In April Gingrich ran neck-and-neck with Mitt Romney in net favorability ratings …
RELATED:
Nate Silver / FiveThirtyEight:
Newspaper's Endorsement Has Been Leading Indicator in New Hampshire
oecd.org:
OECD calls for urgent action to boost ailing global economy  —  Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track, says the OECD's latest Economic Outlook.
RELATED:
CNBC:
Euro Zone in Mild Recession, US May Follow: OECD
Discussion: Free exchange and US Politics
Liz Alderman / New York Times:
New Reports Warn of Escalating Dangers From Europe's Debt Crisis
Wolfgang Münchau / Financial Times:
The eurozone really has only days to avoid collapse  —  In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough, the politicians finally act - eurobond, debt monetisation, quantitative easing, whatever.
RELATED:
CTV.ca:
Canada to pull out of Kyoto Protocol next month … Date: Sun.  —  Canada will announce next month that it will formally withdraw from the Kyoto Protocol, CTV News has learned.  —  The Harper government has tentatively planned an announcement for a few days before Christmas, CTV's Roger Smith reported Sunday evening.
Paul Krugman / New York Times:
Things to Tax  —  The supercommittee was a superdud — and we should be glad.  Nonetheless, at some point we'll have to rein in budget deficits.  And when we do, here's a thought: How about making increased revenue an important part of the deal?  —  And I don't just mean a return to Clinton-era tax rates.
Thomas B. Edsall / Campaign Stops:
The Future of the Obama Coalition  —  For decades, Democrats have suffered continuous and increasingly severe losses among white voters.  But preparations by Democratic operatives for the 2012 election make it clear for the first time that the party will explicitly abandon the white working class.
Ynetnews:
Iran: We'll fire 150,000 missiles at Israel if attacked  —  Defense minister Vahidi tells army volunteers ‘Israel has to be punished for what it has done to the Muslims in Palestine’  —  Iranian Defense Minister General Ahmad Vahidi said Iran Independent News Service reported Sunday.
NewsMax.com:
Bill Clinton: Hillary to Play ‘Major Role’ After She Leaves Obama Administration  —  More ways to share...  Mixx  —  Stumbled  —  LinkedIn  —  Vine  —  Buzzflash  —  Newstrust  —  Technocrati  —  Forward Article  —  Former President Bill Clinton revealed in an exclusive Newsmax …
Discussion: The Politico
Zaid Jilani / ThinkProgress:
Why We Occupy: Visualizing The 2012 Federal Discretionary Budget  —  One reason so many people have taken to the streets as part of the 99 Percent Movement is because of the country's lopsided priorities.  The following graphic shows the makeup of federal discretionary spending in the Fiscal Year 2012 budget.
Discussion: War in Context
E.J. Dionne Jr / Washington Post:
Divided moderates will be conquered  —  The deficit that should most worry us is a deficit of reasonableness.  The problems the United States confronts are large but not insoluble.  Yet sensible solutions that are broadly popular can't be enacted.  —  Why?
CBS News:
Hard Times Generation: Families living in cars  —  More than 16 million children are now living in poverty and, for many of them, a proper home is elusive.  Some cash-strapped families stay with relatives; others move into motels or homeless shelters.  But, as Scott Pelley reports …
 
 
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 More Items: 
Wall Street Journal:
Wall Street Pay Hits a Wall
Discussion: msnbc.com, Gawker and Business Insider
Jonathan Easley / The Hill:
Sen. Toomey says Dems torpedoed supercommittee to protect Obama
Discussion: The Politico
FOX 10 News:
Family Pictures Taken With Santa, Machine Guns
Jonathan Easley / The Hill:
Cain campaign returns to tax message with animated ‘9-9-9: The Movie’
Discussion: CNN, Gawker and Mediaite
Robert Kuttner / American Prospect:
A More Perfect Union  —  Emily Dopper and her boyfriend …
Discussion: AFL-CIO NOW BLOG
Michael Leahy / Washington Post:
George and Mitt Romney: Like father, like son, until a political parting point
 Earlier Items: 
James Delingpole / Wall Street Journal:
Climategate 2.0  —  A new batch of leaked emails again shows …
Christian Davenport / Washington Post:
In the nation's capital, underground is where it's at
Discussion: Business Insider
Steven T. Dennis / Roll Call:
Payroll Tax Cut Will Top Political Theater
Hans Nichols / Bloomberg:
Schwarzman Backs Romney as Wall Street Turns Away From Obama
New York Times:
The Price of Intolerance  —  It's early yet for a full accounting …
Discussion: Prairie Weather
Frances Martel / Mediaite:
CNN Prank Caller Poses As Student Arrested In Cairo, Thanks 'Baba Booey's Monkey Nuts' For Freedom
Discussion: BuzzFeed
 

 
From Mediagazer:

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Reuters:
French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering

Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous”

 
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