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10:15 AM 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:
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 …
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 …
Wall Street Journal:
Treasury Plan to Deal With Toxic Assets Banks on Private Cash  —  WASHINGTON — Noting that the U.S. financial system “is still working against economic recovery,” the U.S. Treasury Department on Monday revealed details of its plan to address toxic assets weighing on banks' balance sheets.
Discussion: JustOneMinute and Zero Hedge
Brian Knowlton / New York Times:
Obama Plan Seeks Private Investors for Risky Assets  —  WASHINGTON — The Obama administration formally presented the latest step in its financial rescue package on Monday, an attempt to draw private investors into partnership with a new federal entity that could eventually buy up to $1 trillion …
Discussion: NPR Blogs
Neil Irwin / Washington Post:   Treasury: Toxic Asset Prices to Be Determined by Auction
Martin Crutsinger / Associated Press:   Feds unveil plan to sop up bad bank assets
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. …
Discussion: Hot Air, Gateway Pundit and Romenesko
RELATED:
The Politico:
Kroft to Obama: Are you punch-drunk?  —  President Barack Obama said he believes the global financial system remains at risk of implosion with the failure of Citigroup or AIG, which could touch off “an even more destructive recession and potentially depression.”
Gateway Pundit:
Obama Upsets Sarkozy With Letter to Jacques Chirac  —  In his latest faux pas Obama managed to pi$$ off France...  President Obama wrote Jacques Chirac saying he was looking forward to working with the former French president in the coming four years(?)  —  Monsters and Critics reported:
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 …
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
Michael Calderone / The Politico:
Matthews inks four-year deal  —  Featured Topics: - Barack Obama - Presidential Transition  —  Memo to conservatives: Expect to see both Keith Olbermann and Chris Matthews on MSNBC through the 2012 race.  —  Olbermann already re-upped in November, and the NY Times reports that Matthews has just signed a four-year deal.
RELATED:
Bill Carter / New York Times:
Matthews Renews Contract at MSNBC
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).
Ben Hoyle / Times of London:
Nicholas Hughes, Sylvia Plath's son commits suicide  —  The son of the poets Ted Hughes and Sylvia Plath has taken his own life, 46 years after his mother gassed herself while he slept.  —  Nicholas Hughes hanged himself at his home in Alaska after battling against depression for some time, his sister Frieda said yesterday.
Discussion: Guardian and Gawker
Philip Elliott / Associated Press:
Obama links budget to environment  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - President Barack Obama's aides say the administration will work with Congress on his budget proposal, but energy independence is not subject to wheeling and dealing.
RELATED:
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.
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
Glenn Greenwald / Salon:
Various matters  —  (updated below)  —  (1) The New York Times Public Editor, Clark Hoyt, has a column today on a topic I've written about more times than I can count: that the NYT routinely grants anonymity without any justification whatsoever and, more notably, does so in flagrant violation of its own policy on anonymous sources.
Guardian:
US will appoint ‘Afghan PM’ to bypass Hamid Karzai  —  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 …
 
 
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 More Items: 
ABCNEWS:
JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar
Discussion: Swampland
John M. Broder / New York Times:
Energy Secretary Serves Under a Microscope
Discussion: marbury
Andrew Breitbart / Washington Times:
Dreaming of President Petraeus and an American surge
Mark Thoma / Economist's View:
Government Intervention in the Market for Toxic Cars
Discussion: Matthew Yglesias
Dan Zak / Washington Post:
Skewers, but Not Much Sizzle, At Obamaless Gridiron Dinner
Discussion: The Fix and But As For Me
E.J. Dionne Jr / Washington Post:
President Obama Fighting the Politics of Evasion
Discussion: Prairie Weather
Randal C. Archibold / New York Times:
Drug Cartel Violence Spills Into U.S. From Mexico
Josh Gerstein / The Politico:
Econ board has yet to meet publicly
Discussion: Hot Air
 Earlier Items: 
Roger Cohen / New York Times:
From Tehran to Tel Aviv
Discussion: Israel Matzav and TPMCafe
Lise Olsen / Houston Chronicle:
Lawyers' late filings can be deadly for inmates
Discussion: Off the Kuff and On Deadline
The Politico:
GOP licks chops over Dem stumbles
Discussion: Associated Press and Reuters
Warren Richey / Christian Science Monitor:
Was 'Hillary: The Movie" wrongly censored?
Erica Werner / Associated Press:
Questions surround health IT money
Jim Abrams / Associated Press:
IRS defends drop in audits of millionaires