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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 …
Discussion:
Sunlight Foundation Blog, Crooks and Liars, Runnin' Scared, naked capitalism, Economix, ThinkProgress, Swampland, Firedoglake, msnbc.com, Balloon Juice, Sky Dancing, Wonkette, Campaign 2012, Concurring Opinions, EconomicPolicyJournal.com, Booman Tribune, The Raw Story, The Politico and Business Insider
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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.
Discussion:
The Atlantic Online, Big Government, The Glittering Eye, Business Insider and Political Mojo

How The Fed's Generosity Made $13 Billion For America's Biggest Banks
Discussion:
Political Mojo, Paul Krugman, Weasel Zippers, Big Government and EconomicPolicyJournal.com

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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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 …

Barney Frank Challenges Gingrich To Debate Over DOMA In Retirement Speech
Discussion:
Towleroad News #gay

Rep. Frank won't run for reelection
Discussion:
Fox News, americanthinker.com, Truthdig and Sister Toldjah


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, The Monkey Cage and New York Times
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Gingrich 32%, Romney 23% — Newt Gingrich's surge to the top …
Discussion:
The Hill and The Political Carnival

Gingrich: I'm ‘a lot more conservative’ than Romney
Discussion:
GOP 12, Washington Monthly, Hot Air, Swampland and The Moderate Voice


Gingrich Says He's ‘Conservative Alternative’ to Romney
Discussion:
The Moderate Voice and New York Times


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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Euro Watch: Days of Decision for Europe
Discussion:
CNBC, Bloomberg, Free exchange and Eschaton


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, The Gateway Pundit, Weasel Zippers and Israel Matzav
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BREAKING: Huge Explosion In IRAN's Nuke City
Discussion:
Ynetnews, Elder of Ziyon and Israel Matzav

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, Campaign 2012 and Ben Smith's Blog
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The Branding of the Occupy Movement
Discussion:
Mondoweiss, NewsBusters.org, War in Context, Media Decoder and Poynter

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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Can the Durban Climate Talks Prevent ‘Betrayal of all Humanity’?
Discussion:
BBC, The Daily Caller, Guardian and Daily Kos

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.

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.

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
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Judge blocks Citigroup settlement with SEC over mortgage fraud
Discussion:
Business Insider, Swampland and Prairie Weather

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

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:
Bob Owens, The Gateway Pundit, Israpundit, americanthinker.com and HotAirPundit

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