McCain camp convenes conference call to demand reporters stop calling them liars.
Late Update: Joe Klein says the tirade is Steve Schmidt’s shark-jumping moment.
Democrats are pushing for oversight and some protection for taxpayers in the bailout bill. You know about that. But now the banks are saying they need more too? Can beggars be choosers? From CNN …
At the same time, financial institutions are weighing in with what they want in the bill. On Sunday, the Financial Services Roundtable – a lobbying group representing the nation’s banks – called on Congress to make the plan “broad enough to include different types of assets.”
The Treasury has amended its original request to give it authority to buy up not just troubled mortgage assets, but troubled assets period.
This comes after the push to bail out foreign banks and bank lobbyists calling regulatory fixes a “deal breaker.”
Is it a “deal”?
Who are the Obama-Biden Democrats that Sarah Palin is referring to in a new fund-raising email claiming they attacked her family? TPM Election Central asked the McCain camp, and they gave us three examples, two of which were Andrew Sullivan and a diary at DailyKos.
TPMCaférs Jared Bernstein, Dean Baker and Dr. C.A. Rotwang weigh in on the bailout. In Bernstein’s words: Take a breath, Congress, and start negotiating a better plan.
Here’s Rick Davis explaining that he didn’t lobby for Freddie Mac and Fannie Mae for $2 million. He only headed up the lobbying organization. He didn’t lobby, just ran the lobbying organization.
This is from the McCain conference call this morning. And following Davis, here’s McCain enforcer Steve Schmidt. He realizes Davis’s answer is laughable. So he doesn’t even try to defend Davis and launches off on the Times (note: audio has had spittle removed for your protection)…
Getting pegged as liars makes Schmidt and Davis really, really mad.
Late Update: For more on why Davis and Schmidt are upset, note the quote from the former Fannie Mae spokesman who notes that Davis “didn’t really do anything” for the money. “The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again.”
Ch-Ching …
New Democratic Bailout Proposal
GOP Financial Services Committee Member Strongly Opposes Bailout