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12:10 PM ET, March 23, 2009

memeorandum

 Top Items: 
Timothy Geithner / Wall Street Journal:
My Plan for Bad Bank Assets  —  The private sector will set prices.  Taxpayers will share in any upside.  —  The American economy and much of the world now face extraordinary challenges, and confronting these challenges will continue to require extraordinary actions.
RELATED:
United States - Department of The Treasury:
Treasury Department Releases Details on Public Private Partnership Investment Program  —  The Financial Stability Plan - Progress So Far: Over the past six weeks, the Treasury Department has implemented a series of initiatives as part of its Financial Stability Plan that …
Paul Krugman / New York Times:
Financial Policy Despair  —  Over the weekend The Times and other newspapers reported leaked details about the Obama administration's bank rescue plan, which is to be officially released this week.  If the reports are correct, Tim Geithner, the Treasury secretary, has persuaded President Obama …
John Heilemann / New York Magazine:
Inside Obama's Economic Brain Trust
Discussion: Clive Crook
Jane Hamsher / Firedoglake:   Timothy Geithner: Making Countrywide Executives Rich Again
The Politico:
Geithner in the hot seat on toxic assets
Discussion: Reuters and Associated Press
New York Times:
Global Stocks Up on Hope for Bank Plan
Discussion: Booman Tribune
Neil Irwin / Washington Post:
Treasury: Toxic Asset Prices to Be Determined by Auction
Discussion: marbury
Brian Knowlton / New York Times:
Treasury Details Plan to Buy Risky Assets
Discussion: TalkLeft and NPR Blogs
Steve Benen / Washington Monthly:
HE'S NOT ‘PUNCH DRUNK’.... For a while, the lead story from Politico last night was the idea that President Obama chuckled a little too much during his interview with Steve Kroft on “60 Minutes.”  The headline on the piece read, “Kroft to Obama: Are you punch-drunk?”
Discussion: Z on TV, Commentary, The Politico and Gawker
RELATED:
Howard Kurtz / Washington Post:
Man of the Hour  —  With Steve Kroft as Lead Correspondent, ‘60 Minutes’ Is Ticking Right Along  —  On the night of the Emmys last fall, when one of his stories was up for an award and his tuxedo-clad colleagues were leaving for the ceremony, Steve Kroft stayed at the office until 1 a.m. …
Amanda Terkel / Think Progress:
I Was Followed, Harassed, And Ambushed By Bill O'Reilly's Producer  —  On March 1, ThinkProgress picked up on a story by News Hounds, which noted that Fox News host Bill O'Reilly — who has made controversial comments about rape victims in the past — was slated to speak at a March 19 fundraiser for the Alexa Foundation.
Discussion: Matthew Yglesias, Gawker and The Plank
Ann Althouse / Althouse:
500 miles later, I'm back in Madison.  —  Did you understand the previous post?  If not, the answer — along with much congratulations and debate — appears in the comments, notably here.  Let there be no doubt about it: A blogger — Althouse — is engaged to be married to a man who began …
Bill Carter / New York Times:
Matthews Renews Contract at MSNBC  —  Chris Matthews, the usually garrulous host of “Hardball” on MSNBC, has quietly signed a new long-term contract to remain with the cable network through the next election, signaling that he had quit entertaining any plans to run for a Senate seat.
Discussion: The Huffington Post and Gawker
Alex Knapp / Outside The Beltway | OTB:
Tea Parties, Going Galt, Iraq, and Delicious Irony  —  I've been following the growing “Tea Party” and “Going Galt” movements with no small amount of amusement, in part because there is really just too much sweet, delicious irony surrounding both of these groups of people (who, I might add, are largely the same people).
ABCNEWS:
JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar  —  Outraged Critics Decry the Proposal, Call For Bank To Abandon Plans  —  Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build …
Discussion: ProPublica and Swampland
The Huffington Post:
Howard Dean To Become Regular CNBC Contributor  —  Former DNC Chair Howard Dean will become a regular contributor for the business news network CNBC, a source close to the former Vermont Governor confirms.  Dean started his new gig on Monday morning with a guest-hosting appearance on the station.
Mike McGraw / McClatchy Washington Bureau:
Stimulus?  U.S. to buy Chinese condoms, ending Alabama jobs  —  Call it a condom conundrum.  —  At a time when the federal government is spending billions of stimulus dollars to stem the tide of U.S. layoffs, should that same government put even more Americans out of work by buying cheaper foreign products?
Discussion: Reason and The Other McCain
Stephanie Simon / Wall Street Journal:
Texas School Board Set to Vote on Challenge to Evolution  —  The Texas Board of Education will vote this week on a new science curriculum designed to challenge the guiding principle of evolution, a step that could influence what is taught in biology classes across the nation.
Discussion: The Bellows
Andrew Sullivan / Times of London:
Give Obama more time.  Then give him hell  —  The president has had only two months - harsh judgments are premature  —  The former New York City mayor Ed Koch was renowned for strolling about Manhattan when he was in office, grabbing strangers by the lapel and asking, “How am I doing?”
Discussion: The Daily Dish
Josh Marshall / Talking Points Memo:
WOW, I NEEDED THAT  —  As part of their efforts to make the scale and scope of Bernie Madoff's crimes clear to Judge Denny Chin in deciding the terms of his plea, confinement and eventual sentencing, the folks at the US Attorney's Office for the Southern District of New York submitted emails …
Discussion: Firedoglake
Sarah Lyall / New York Times:
Sweden Says No to Saving Saab, a National Icon  —  TROLLHATTAN, Sweden — Saab Automobile may be just another crisis-ridden car company in an industry full of them.  But just as the fortunes of Flint, Mich., are permanently entangled with General Motors, so it is impossible to find anyone …
Fredric U. Dicker / New York Post:
GOV PLOTS SECRET TAX HIKE ON RICH  —  GOV. PATERSON and legislative Democrats have secretly agreed on an $8 billion, two- year tax hike on individuals making more than $500,000 a year that will “sunset” around the time he plans to run for election in 2010, legislative sources told The Post.
Guardian:
US to bypass Karzai with Afghan ‘PM’  —  White House plans new executive role to challenge corrupt government in Kabul  —  The US and its European allies are ­preparing to plant a high-profile figure in the heart of the Kabul government in a direct challenge to the Afghan president, Hamid Karzai, the Guardian has learned.
 
 
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 More Items: 
Associated Press:
Serb group seeks grave of WWII guerrilla leader
Carla Marinucci / San Francisco Chronicle:
Predictions for Schwarzenegger's next big role
Joan Lowy / Associated Press:
NTSB: Plane gave controllers no sign of trouble
Discussion: But As For Me
Tim Arango / New York Times:
As Rights Clash on YouTube, Some Music Vanishes
Discussion: Law Blog
Myglesias / Matthew Yglesias:
The Geithner Plan and Congress
Petula Dvorak / Washington Post:
D.C. Homeless People Use Cellphones, Blogs and E-Mail to Stay on Top of Things
Kevin Bogardus / The Hill:
Obama budget takes hits from both sides
 Earlier Items: 
Wall Street Journal:
A Smoot-Hawley Moment?  —  Congress on AIG and banks: ‘Oppressive, unjust and tyrannical.’
Discussion: PointOfLaw Forum
Mary Pemberton / Associated Press:
Alaska volcano Mount Redoubt erupts 5 times
Andrew Breitbart / Washington Times:
Dreaming of President Petraeus and an American surge
Dan Zak / Washington Post:
Skewers, but Not Much Sizzle, At Obamaless Gridiron Dinner
E.J. Dionne Jr / Washington Post:
President Obama Fighting the Politics of Evasion
Discussion: Prairie Weather
Ben Hoyle / Times of London:
Nicholas Hughes, Sylvia Plath's son commits suicide
Discussion: On Deadline and Gawker