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8:50 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:
New York Times:
U.S. Rounding Up Investors to Buy Bad Assets  —  WASHINGTON — Obama administration officials worked Sunday to persuade reluctant private investors to buy as much as $1 trillion in troubled mortgages and related assets from banks, with government help.  —  The talks came a day before the …
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 …
Michelle Malkin:
The David Copperfield School of Economic Recovery, Pt. II  —  Now what?  —  Last week, the Obama administration brought us a $1 trillion Federal Reserve magic trick hatched by the David Copperfield School of Economic Recovery — printing up a trillion buck and “pumping it into the U.S. economy” …
Martin Crutsinger / Associated Press:   New rescue effort called key to resuming lending
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.”
RELATED:
Philip Elliott / Associated Press:
Obama: Anger isn't governing strategy
Discussion: Reuters and The Politico
Philip Elliott / Associated Press:
Obama links budget to environment
Discussion: Boston Globe, Time and The Politico
Philip Elliott / Associated Press:
GOP predicts doomsday if Obama budget passed
Discussion: Reuters, MyDD and But As For Me
John / Power Line:
ARE WE GOING BANKRUPT?  —  Senator Judd Gregg says that Barack …
Discussion: Times of London
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:
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
Roger Cohen / New York Times:
From Tehran to Tel Aviv  —  With his bold message to Iran's leaders, President Obama achieved four things essential to any rapprochement.  —  He abandoned regime change as an American goal.  He shelved the so-called military option.  He buried a carrot-and-sticks approach viewed with contempt by Iranians as fit only for donkeys.
Discussion: Israel Matzav and TPMCafe
Josh Gerstein / The Politico:
Econ board has yet to meet publicly  —  Six weeks after President Barack Obama appointed a blue-ribbon panel to help him dig America out of its economic crisis, the board has yet to hold an official public meeting.  —  The White House initially said that the 16-member Presidential Economic …
Helene Cooper / New York Times:
Obama Says a Way Out of Afghanistan Is Needed  —  WASHINGTON — The United States must look for a way out of the war in Afghanistan, President Obama said, in a signal that the military build-up in Afghanistan will not be open-ended and will lead to the eventual withdrawal of American and NATO troops from the country.
Discussion: BBC, Gateway Pundit and The Politico
RELATED:
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 …
Discussion: THE MATERNAL OPTIMIST
Brad DeLong / Grasping Reality with Both Hands:
I Think Paul Krugman Is Wrong  —  I find that a scary sentence to write.  If the past decade has taught me anything, it has taught me that mistakes are avoided if you follow two rules:  — Remember that Paul Krugman is right.  — If your analysis leads you to conclude that Paul Krugman is wrong, refer to rule #1.
Times of London:
UK population must fall to 30m, says Porritt  —  JONATHON PORRITT, one of Gordon Brown's leading green advisers, is to warn that Britain must drastically reduce its population if it is to build a sustainable society.  —  Porritt's call will come at this week's annual conference …
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
 
 
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 More Items: 
Fredric U. Dicker / New York Post:
GOV PLOTS SECRET TAX HIKE ON RICH
Discussion: JammieWearingFool
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
Warren Richey / Christian Science Monitor:
Was 'Hillary: The Movie" wrongly censored?
Erica Werner / Associated Press:
Questions surround health IT money
Herb Keinon / Jerusalem Post:
‘We must recapture rocket-launch zones’
Discussion: Israel Matzav
 Earlier Items: 
Jim Abrams / Associated Press:
IRS defends drop in audits of millionaires
Gordon Brown / Guardian:
We are about to take the war against terror to a new level
Discussion: normblog and Samizdata.net
John Kass / Chicago Tribune:
Chicago Way extension runs right through D.C.
Discussion: But As For Me