The Morning Read: Wednesday, September 24, 2008

The New York Times reports that a consulting firm belonging to Rick Davis, McCain campaign manager, was earning $15,000 a month from Freddie Mac until last month, although both David and McCain have denied he is still involved with the company. 


Newsweek confirms the story, and reports that Davis himself approached Freddie Mac, and the company felt it "couldn’t say no," since he was McCain’s campaign manager.

Barack Obama acknowledged the bailout plan could delay some of his plans.

In Washington, executive pay is a major point of contention in working out the the plan for the government bailout.

Help for homeowners is another sticking point.

The New York Times does not think Paulson and Bernanke made their case yesterday. 

The F.B.I. is investigating the four Wall Street firms that collapsed.

The bailout plan faces pushback from Democrats who fear rewarding Wall Street insiders.

Retiring Republican Congressman Jim Walsh is leaning towards supporting it.

A Republican running for Walsh’s seat wants term limits in Congress.

The Sun discusses the Clintons’ media blitz.

Bill Thompson quietly got married a few days ago.

Today, he adjusted his FaceBook status accordingly.

The New York Times editorial board thinks Michael Bloomberg’s proposed budget cuts are preceding a call to raise property taxes.

“Devastating” is how Bloomberg’s budget cuts are described by Adam Lisberg and Frank Lombardi.

“No city agency will be spared,” notes Grace Rauh.

“It won’t make me popular, but that’s the job,” Bloomberg said of the budget cuts.

“Taking no action would border on irresponsibility,” said Ed Skyler.

David Seifman nominates Bloomberg for the made-up job of “nation’s chief mortgage officer.”

Manhattan Republicans may not be able to get Bob Straniere off their judicial ballot.

Fossella said he’s not getting back in the race.

David Paterson should act like Bloomberg, says the New York Post editorial board.

One of Albany’s top lobbyists is leaving the dental lobby group he once led.

Bernie Kerik said other people should also be charged with avoiding taxes on their nannies, like former New Jersey Governor Christie Whitman.

New York State lawmakers introduce a lot of legislation.

David Yassky suggests selling advertising space on trash cans to raise revenue for the city.

The guy who took the last home run ball from the old Yankee Stadium is a Republican state lawmaker from Wyoming.

And hello Google Transit.

The Morning Read: Wednesday, September 24, 2008