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3:40 PM ET, March 23, 2009

memeorandum

 Top Items: 
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 …
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 …
Simon Johnson / The Baseline Scenario:
Breaking The Bank  —  My problem with Monday's expected announcement from Mr Geithner doesn't have much to do with the details of the public-private partnership.  I doubt this will work, because I don't see the incentive for banks to sell assets at less than the value currently on their books.
John Heilemann / New York Magazine:
Inside Obama's Economic Brain Trust  —  It's not pretty at this moment.  —  Tim Geithner boarded the 6 a.m. US Airways shuttle to Washington last Wednesday at La Guardia, slid his rail-thin frame into seat 5C, then stared into the middle distance.  Geithner is invariably described as boyish …
Discussion: Ben Smith's Blog
Jane Hamsher / Firedoglake:
Timothy Geithner: Making Countrywide Executives Rich Again  —  Timothy Geithner's new TALF plan, like all his other plans, seems designed to shovel billions into the coffers of the very same bankers who got rich on the mortgage bubble.  When the public gets a glimpse of the tip of this giant iceberg …
Discussion: Booman Tribune and Corrente
Alexandra Twin / CNNMoney.com:
Dow jumps close to 400 points  —  Wall Street welcomes Obama administration plan to buy up close to $1 trillion in bad bank assets.  —  NEW YORK (CNNMoney.com) — Stocks recharged a rally Monday after Treasury's plan to buy up billions in bad bank assets and a better-than-expected existing …
Discussion: TIME.com
Timothy Geithner / Wall Street Journal:
My Plan for Bad Bank Assets
Arianna Huffington / The Huffington Post:
Take the Steering Wheel out of Geithner's Hands
Discussion: AMERICAblog News
Michelle Malkin:
The David Copperfield School of Economic Recovery, Pt. II
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.
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).
RELATED:
Andrew Sullivan / The Daily Dish:
The Brutal Truth  —  Alex Knapp: … My sense is that it is a delayed reaction in some ways to Bush, and his betrayal of conservatism.  For all sorts of reasons, most of the current tea-partiers backed the GOP under Bush and Cheney, although some, to be fair, did complain about some of it.
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?”
RELATED:
Howard Kurtz / Washington Post:
Man of the Hour  —  With Steve Kroft as Lead Correspondent …
Mark Silva / The Swamp:
Obama ‘punch drunk?’ — ‘Gallows humor’
Discussion: The Politico, Gawker and Commentary
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 …
RELATED:
Michelle Malkin:   A question for the 85 CYA-on-AIG House Republicans
Ezra Klein / American Prospect:
The 50-Vote Senate  —  Could an obscure Senate rule free Barack Obama from the filibuster and enable health-care reform?  —  It's hard to imagine another town in which the most divisive thing you could do would be called “reconciliation.”  But this is Washington.
Jorr / Christian Science Monitor:
Obama writes letter to Chirac - blogosphere goes crazy  —  Want to know how quickly rumors get spread on the Internet?  Here's a prime example.  —  The right side of the web is apoplectic this morning claiming that President Obama doesn't know who the French president is.
Greg Sargent / The Plum Line:
Law Professor Who Advised Obama Says House AIG Bill May Be Unconstitutional  —  I just got off the phone with Harvard professor Laurence Tribe, who advised Obama during the campaign, and he says he's leaning towards seeing the new House bill to tax back all the AIG bonuses as unconstitutional.
Eric Ostermeier / Smart Politics:
Michele Bachmann on D.C.: “I'm a Foreign Correspondent On Enemy Lines”  —  During a Saturday afternoon interview on WWTC 1280 AM with The Northern Alliance's John Hinderaker and Brian Ward, Minnesota Republican Congresswoman Michele Bachmann discussed her staunch opposition to several Democratic-led efforts …
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: Right Pundits and MyDD
Kevin Rennie / Real Clear Politics:
Dodd's Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company  —  No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG.
Bart Jansen / CQ Politics:
Burris Seeks Permission to Establish Legal Defense Fund  —  Democratic Sen. Roland W. Burris has asked the Senate Ethics Committee to let him raise money to help deal with the cost of inquiries about his appointment by former Illinois Gov. Rod Blagojevich.  —  The committee and a prosecutor …
Discussion: Taegan Goddard'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 …
Discussion: THE MATERNAL OPTIMIST
John / Power Line:
SECOND TIME'S A CHARM  —  As far as the market is concerned, anyway, Tim Geithner's second shot at laying out a plan to rescue the nation's banking system is being received a lot better than his first.  At this moment, the Dow is up over four percent.  —  You can read the Treasury Department's description of the plan here.
Steve Kornacki / Politicker NY:
Obama Sells Out a Friend From Connecticut  —  The thought has surely crossed Chris Dodd's mind more than once these past few days: is this how Barack Obama treats his friends?  —  When word spread a week ago that A.I.G. had used $165 million in federal bailout money to lavish bonuses …
Discussion: neo-neocon
Ezra Klein / American Prospect:
IT'S THE PRICING, STUPID.  —  Here, in its simplest form, is what the administration seems to think (this comes from conversations I had with administration officials over the weekend).  It may be the case that these are mispriced assets rather than worthless assets.
Discussion: The Corner
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: Clusterstock
Cynthia Littleton / Variety:
Tempest of the ‘toldja!’ journalists  —  Entertainment bloggers turning facts into fights  —  The Internet has given birth to a new subset of entertainment reporting: Bloggers vs. bloggers.  —  In recent months there have been near daily eruptions of vitriol between prominent showbiz bloggers and online journos.
Discussion: Blogs and Stories
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.
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.
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?”
Ed Morrissey / Hot Air:
Winning friends internationally again; Update: The missing context of the Chirac letter  —  Remember when Democrats insisted that we needed a change in parties in order to restore our friendships with our allies, especially in Europe?  So far, they've done a bang-up job of it.
Discussion: BLACKFIVE
Myglesias / Matthew Yglesias:
Charles Murray's Praise of Human Misery  —  I kind of scanned Charles Murray's recent big AEI speech expecting to read something interesting, since I'd seen quite a few conservatives offer it lavish praise.  As best I could tell, though, his argument is that the problem with a social democratic model …
Steve Gutterman / Associated Press:
Kremlin critic says he was doused with ammonia  —  MOSCOW - Russian police were investigating Monday after a Kremlin critic running for mayor of the city hosting the 2014 Winter Olympics said he was doused with ammonia in an attack he blamed on the government.
 
 
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 More Items: 
Felix Salmon / Portfolio:
How Treasury's Bank Bailout Could Make Things Worse
Kevin Bogardus / The Hill:
EFCA backers not interested in alternative
Discussion: Hot Air and TPMDC
Mark Sherman / Associated Press:
Court weighs double jeopardy for ex-Enron exec
Donna Bryson / Associated Press:
South Africa bars Dalai Lama from peace conference
Discussion: JONATHAN TURLEY
MLive.com:
Updated: Ann Arbor News to close in July
Associated Press:
Court won't hear appeal by former Border Patrol
Elizabeth Benjamin / The Daily Politics:
Schumer Comes Out For Gay Marriage (Updated)
Discussion: Politicker NY
 Earlier Items: 
David Weigel / The Washington Independent:
Conservatives Size Up Sanford for 2012
Discussion: Reason, Eunomia and AmSpecBlog
Carla Marinucci / San Francisco Chronicle:
Predictions for Schwarzenegger's next big role
Mike McGraw / McClatchy Washington Bureau:
Stimulus? U.S. to buy Chinese condoms, ending Alabama jobs
Discussion: Reason
Sarah Lyall / New York Times:
Sweden Says No to Saving Saab, a National Icon
Fredric U. Dicker / New York Post:
GOV PLOTS SECRET TAX HIKE ON RICH
Ben Hoyle / Times of London:
Nicholas Hughes, Sylvia Plath's son commits suicide
Discussion: On Deadline
Guardian:
US to bypass Karzai with Afghan ‘PM’