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.
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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
Rep. Frank won't run for reelection
Discussion:
Fox News, americanthinker.com, Truthdig and Sister Toldjah
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 …
Discussion:
Daily Kos, New York Times and The Monkey Cage
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Jeff Zeleny / The Caucus:
Gingrich Says He's ‘Conservative Alternative’ to Romney — Newt Gingrich, who not long ago was urging his fellow Republican candidates to avoid tearing one another apart in pursuit of the party's presidential nomination, took a new approach on Monday by explicitly declaring …
Discussion:
New York Times
Eason Jordan / Poll Position:
Gingrich 32%, Romney 23% — Newt Gingrich's surge to the top …
Gingrich 32%, Romney 23% — Newt Gingrich's surge to the top …
Discussion:
The Hill and The Political Carnival
Kevinliptak / CNN:
Gingrich: I'm ‘a lot more conservative’ than Romney
Gingrich: I'm ‘a lot more conservative’ than Romney
Discussion:
GOP 12, Washington Monthly, Hot Air, Swampland and The Moderate Voice
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.
Discussion:
New York Times, Money & Company, Payvand Iran News, Business Insider, Gothamist and msnbc.com
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James Surowiecki / New Yorker:
AN AVOIDABLE CRISIS — The financial crisis in Europe …
AN AVOIDABLE CRISIS — The financial crisis in Europe …
Discussion:
Daniel W. Drezner
David Dayen / Firedoglake:
Euro Watch: Days of Decision for Europe
Euro Watch: Days of Decision for Europe
Discussion:
CNBC, Bloomberg, Free exchange and Eschaton
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.
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Kelly Rigg / The Huffington Post:
Can the Durban Climate Talks Prevent ‘Betrayal of all Humanity’?
Can the Durban Climate Talks Prevent ‘Betrayal of all Humanity’?
Discussion:
BBC, The Daily Caller, Guardian and Daily Kos
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.
Greg Sargent / Washington Post:
Inequality: A winning issue for Dems in 2012 — It's become an article of faith among Republicans, and even some neutral commentators: By embracing the larger message of Occupy Wall Street, and by pushing issues of income inequality and tax fairness to the fore, Democrats risk alienating swing voters …
Discussion:
Weasel Zippers and Ben Smith's Blog
RELATED:
William Yardley / New York Times:
The Branding of the Occupy Movement
The Branding of the Occupy Movement
Discussion:
Mondoweiss, War in Context, Media Decoder and Poynter
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.
Edward Wyatt / New York Times:
WASHINGTON — A federal judge in New York on Monday threw out a settlement between the Securities and Exchange Commission and Citigroup over a 2007 mortgage derivatives deal, saying that the S.E.C.'s policy of settling cases by allowing a company to neither admit nor deny the agency's allegations did not satisfy the law.
Discussion:
The Political Carnival and The Agonist
RELATED:
Erik Wasson / The Hill:
Judge blocks Citigroup settlement with SEC over mortgage fraud
Judge blocks Citigroup settlement with SEC over mortgage fraud
Discussion:
Business Insider, Reuters and Prairie Weather
Yossi Melman / Reuters:
Report: Explosion rocks Iran city of Isfahan, home to key nuclear facility — Semi-official Fars news agency says blast heard distinctly in several parts of the western Iran city; a uranium conversion plant near Isfahan went online in 2004. — An explosion rocked the western Iranian city …
Discussion:
Ynetnews, Weasel Zippers and Israel Matzav
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
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
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.
Discussion:
YID With LID, Bob Owens, The Gateway Pundit, Israpundit, americanthinker.com and HotAirPundit