From Ron Suskind's Confidence Men:
Not a good thing to do. Not a good thing at all.
In the spring of 2009, any such memo to the president should begin:
Back under the George H.W. Bush administration the ten-year Treasury bond rate was 9%/year. Now it is 3%/year. The possibility of a run on the Treasury bond is not one of the ten biggest and most urgent problems we face now.
But if you ask for a memo from Peter Orszag of OMB, not only is that sentence not the first sentence of the memo, that sentence is not in the memo at all.