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9:40 AM ET, March 19, 2009

memeorandum

 Top Items: 
Washington Post:
How the Fed Failed to Tell Obama About The Bonuses  —  Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis.
RELATED:
Massimo Calabresi / Time:
Treasury Learned of AIG Bonuses Earlier Than Claimed  —  Though Treasury Secretary Timothy Geithner told Congressional leaders Tuesday he only learned of the impending $160 million bonus payments to members of AIG's troubled financial products unit March 10, sources tell TIME that the New …
Jackie Calmes / New York Times:
A.I.G. Uproar Is a Defining Moment for Geithner  —  WASHINGTON — All three of President Obama's top economic advisers were on message when they appeared Sunday on separate television talk shows.  Treasury Secretary Timothy F. Geithner, they said, had concluded, based on lawyers' advice …
Christopher Keating / Hartford Courant:
Dodd Admits Role In AIG Bonus Controversy  —  U.S. Sen. Christopher Dodd, already reeling in public opinion polls, suffered another political blow Wednesday with the admission that he had been involved in key legislative changes that helped pave the way for AIG to pay controversial bonuses to its employees.
The Politico:
Dodd facing fresh political firestorm  —  Featured Topics: - Barack Obama - Presidential Transition  —  Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.  —  Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation …
Stephen Ohlemacher / Associated Press:
House sets up vote today on taxing AIG bonuses  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The House is scheduled to vote today on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies …
Eamon Javers / The Politico:
Can Geithner bounce back?  —  Some Republicans are calling for Timothy Geithner's head.
Discussion: Associated Press
The Huffington Post:
Dodd: Treasury Officials Insisted On Weakening Bonus Provision
Associated Press:
NFL players promoting improved physical education
Discussion: The Politico
Justin Elliott / TPMMuckraker:
Who Asked Senator Dodd To Defang Anti-Bonus Provision?
Washington Times:
EXCLUSIVE: Obama's $500,000 book bonanza  —  Deal reached 5 days before he took office  —  As he empathized with recession-weary Americans, President Obama arranged in the days just before he took office to secure a $500,000 advance for a children's book project, a disclosure report shows.
Discussion: Pajamas Media and Political Punch
Yves Smith / naked capitalism:
On the Fed's “Shock and Awe”  —  When some deemed the Fed's move today to expand its balance sheet by as much as a trillion dollars plus as “shock and awe”, I recalled that when that term was first used, at the beginning of the US invasion of Iraq.  The notion was a display of superior force would lead to quick capitulation.
RELATED:
Phil Izzo / Real Time Economics:
Economists React: ‘Huge Step Forward’
Edmund L. Andrews / New York Times:
Fed Plans to Inject Another $1 Trillion to Aid the Economy
Discussion: TalkLeft
Zachary A. Goldfarb / Washington Post:
Fannie Plans Retention Bonuses As Outlined by the Government  —  Fannie Mae, the federally run mortgage finance giant, plans to pay four top executives $1 million or more in retention bonuses.  —  The bonus plan prompted the company's federal regulator to defend compensation decisions …
Discussion: Power Line, Think Progress and The BLT
RELATED:
Peter Hamby / CNN:
Coach K disses Obama's basketball picks  —  WASHINGTON (CNN) - Duke basketball coach Mike Krzyzewski isn't thrilled his team got snubbed by the leader of the free world.  —  “Somebody said that we're not in President Obama's Final Four, and as much as I respect what he's doing, really …
Discussion: Weekly Standard
DealBook:
Dissecting the A.I.G. Bonus Contract  —  Washington is filled with outrage over the $165 million in bonuses given out by the American International Group.  Yet, as I said in my post on Tuesday, “Seven Sad Truths About A.I.G.,” the real concern over the insurance giant should be about the $170 billion …
RELATED:
Josh Marshall / Talking Points Memo:
LOOKING FURTHER  —  In a series of posts last night I looked …
Discussion: Daily Kos and The Impolitic
Hillel Italie / Associated Press:
George W. Bush to write memoir about ‘decisions’  —  NEW YORK (AP) — Former President George W. Bush, who once famously called himself “The Decider,” is writing a book about decisions.  —  “I want people to understand the environment in which I was making decisions.
Discussion: The Fix and Political Punch
RELATED:
James Vicini / Reuters:
Some Guantanamo prisoners could be released in U.S.  —  WASHINGTON (Reuters) - Some of the Guantanamo Bay prisoners could be released into the United States while others could be put on trial in the American court system, Attorney General Eric Holder said on Wednesday.
Discussion: Wizbang and Stop The ACLU
RELATED:
Evan Perez / Wall Street Journal:
Detainees May Be Released in U.S.
Discussion: Weekly Standard
Washington Post:
Our Must-Win War  —  The ‘Minimalist’ Path Is Wrong for Afghanistan  —  Later this month, the Obama administration will unveil a new strategy for the war in Afghanistan.  This comes as most important indicators in Afghanistan are pointing in the wrong direction.
Michael Hirsh / Newsweek:
The Next AIG Scandal?  —  The firm's problems may extend to its ‘healthy’ insurance side. … Outrageous.  It's the preferred adjective used by Barack Obama and Ben Bernanke to describe AIG, the crippled giant that has turned into a national money pit.  AIG has swallowed at least $170 billion …
Christine C. Quinn / The Huffington Post:
A St. Patrick's Day to Remember  —  Ever since I was a young girl, St. Patrick's Day has always been an important day for me and for my family.  I remember my mother throwing elaborate parties for my grade school class at the aptly named St. Patrick's elementary school …
Discussion: AMERICAblog News
Mimi Hall / USA Today:
President to pioneer chat on late-night TV  —  President Obama hasn't been practicing one-liners, but he is going Thursday night where no sitting president has gone before: to a late-night comedy show.  —  Obama plans to be a guest on NBC's The Tonight Show With Jay Leno at 11:35 p.m. ET.
Helene Cooper / New York Times:
President Takes Campaign for Budget to California  —  COSTA MESA, Calif. — President Obama, escaping the mounting uproar in Washington over executive bonuses at the American International Group, came here Wednesday for a raucous town-hall-style meeting where he promised that his $3.6 trillion budget …
RELATED:
Carol E. Lee / The Politico:
Obama heads to Reagan country
Discussion: Associated Press and The Swamp
New York Times:
U.S. Plans Vastly Expanded Afghan Security Force  —  WASHINGTON — President Obama and his advisers have decided to significantly expand Afghanistan's security forces in the hope that a much larger professional army and national police force could fill a void left by the central government …
RELATED:
Guardian:
Anger in Pakistan at US plan to expand attacks
 
 
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 More Items: 
Eugene Volokh / The Volokh Conspiracy:
Gun Sales Up: Last year, I blogged about claims that gun sales …
Nicholas D. Kristof / New York Times:
The Daily Me  —  Some of the obituaries these days …
Discussion: Informed Comment
Josh Kraushaar / The Politico:
GOP hopes bonuses are election issue
Discussion: TIME.com
New York Times:
Obama Administration to Stop Raids on Medical Marijuana Dispensers
Discussion: TIME.com and The Huffington Post
Robert S. McElvaine / Washington Post:
Impeach the Pope  —  Professor of Arts & Letters, Millsaps College
Mike Stobbe / Associated Press:
US births break record; 40 pct out-of-wedlock
Discussion: Dohiyi Mir and Donklephant
Noah Shachtman / Danger Room:
Military Laser Hits Battlefield Strength
 Earlier Items: 
Howard Schweber / The Huffington Post:
Put Down the Pitchforks!  —  I am starting to be genuinely worried …
William A. Jacobson / Le·gal In·sur·rec· tion:
The Official Guide To Obama Kitsch