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10:40 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:
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 …
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
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” …
Brian Knowlton / New York Times:
Obama Plan Seeks Private Investors for Risky Assets
Discussion: TalkLeft
Neil Irwin / Washington Post:
Treasury: Toxic Asset Prices to Be Determined by Auction
Discussion: marbury
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:
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?”
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.”
David Zurawik / Z on TV:
Kroft, 60 Minutes go soft and safe in Obama interview
Discussion: Paul Kedrosky's …
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 …
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:
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
RELATED:
Michael Calderone / The Politico:   Matthews inks four-year deal
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.
RELATED:
Elizabeth Benjamin / NY Daily News:
Benjamin: Chaos, dysfunction plagued gov as minority leader
Discussion: Runnin' Scared and MSNBC
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
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
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.
Discussion: Washington Monthly
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
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: Swampland
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
Andrew Breitbart / Washington Times:
Dreaming of President Petraeus and an American surge  —  ANALYSIS/OPINION:  —  Signs of our collective weakness emerged after 9/11 when only part of the American population took seriously that we were at war with an evil and motivated enemy determined to destroy our way of life.
 
 
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 More Items: 
Howard Schneider / Washington Post:
Car Bomb Malfunctions Near Crowded Mall in Israel
Discussion: democracyarsenal.org
Sarah Lyall / New York Times:
Sweden Says No to Saving Saab, a National Icon
Discussion: Matthew Yglesias and Reason
John M. Broder / New York Times:
Energy Secretary Serves Under a Microscope
Discussion: marbury
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
 Earlier Items: 
Josh Gerstein / The Politico:
Econ board has yet to meet publicly
Discussion: Hot Air and TIME.com
Roger Cohen / New York Times:
From Tehran to Tel Aviv
Discussion: Israel Matzav and TPMCafe
The Politico:
GOP licks chops over Dem stumbles
Discussion: Associated Press and Reuters
Philip Elliott / Associated Press:
Obama links budget to environment
Warren Richey / Christian Science Monitor:
Was 'Hillary: The Movie" wrongly censored?
Martin Crutsinger / Associated Press:
Administration seeks to free frozen credit markets
Discussion: Reuters