Top Items:
New York Times:
Toxic Asset Plan Foresees Big Subsidies for Investors — WASHINGTON — The Treasury Department is expected to unveil early next week its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks.
Discussion:
naked capitalism, The New Republic, JustOneMinute, Calculated Risk, TPMCafe and Corrente
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Mike Allen / The Politico:
Treasury to roll out toxic asset plan — Featured Topics: - Barack Obama - Presidential Transition — Treasury Secretary Tim Geithner will announce a plan early next week to relieve failing banks of their toxic assets by attracting back private investors rather than have the government buy …
Martin Crutsinger / Associated Press:Toxic asset plan expected to be unveiled soon
Discussion:
But As For Me
Sam Gill / The Politico:
How Obama can make up for his gaffe — Featured Topics: - Barack Obama - Presidential Transition — My older brother has Down syndrome, which hinders his ability to learn. Despite his disability, he graduated from high school and lived independently with a job for several years until …
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Joe Nocera / New York Times:
The Problem With Flogging A.I.G. — Can we all just calm down a little? — Yes, the $165 million in bonuses handed out to executives in the financial products division of American International Group was infuriating. Truly, it was. As many others have noted, this is the same unit whose …
RELATED:
David M. Herszenhorn / New York Times:
Obama Uneasy About Tax on Bonuses — WASHINGTON — The White House stopped short on Friday of endorsing legislation to severely tax bonuses paid to executives of companies that accepted taxpayer bailout funds. — Administration officials said instead that President Obama would assess …
Discussion:
DISSENTING JUSTICE
Matt Taibbi / Rolling Stone:The Big Takeover — The global economic crisis isn't about money - it's about power.
Howard Schneider / Washington Post:
Israeli Soldier Says Military Rabbis Framed Gaza Mission as Religious — A soldier involved in Israel's recent military offensive in the Gaza Strip said in published reports Friday that the military's rabbinical staff distributed material characterizing the operation as a religious mission to …
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Amos Harel / Haaretz:
‘Shooting and crying’ — Less than a month after the end of Operation Cast Lead in the Gaza Strip, dozens of graduates of the Yitzhak Rabin pre-military preparatory program convened at Oranim Academic College in Kiryat Tivon. Since 1998 the program has prepared participants for what is considered meaningful military service.
Uri Blau / Haaretz:Dead Palestinian babies and bombed mosques - IDF fashion 2009
Discussion:
The Daily Dish
The Politico:
VIDEO: Obama's 4 budget principles — Featured Topics: - Barack Obama - Presidential Transition — Previewing a critical week for his administration, President Barack Obama on Saturday called on Congress Saturday to pass a budget that adheres to four principles: increasing energy independence …
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John / Power Line:
ARE WE A BANANA REPUBLIC? — I'm stupefied to find that some people are defending the constitutionality of Nancy Pelosi's discriminatory, confiscatory and retroactive tax on people who receive bonus income from companies that got TARP money. I would have considered it a bright line rule …
Ali Akbar Dareini / Associated Press:
Iran's supreme leader dismisses Obama overtures — TEHRAN, Iran - Iran's Supreme Leader Ayatollah Ali Khamenei dismissed overtures from President Barack Obama on Saturday, saying Tehran does not see any change in U.S. policy under its new administration. — Khamenei was responding …
RELATED:
Ali Akbar Dareini / Associated Press:Iran plays down new Obama video message
Discussion:
Political Machine, The Jawa Report, RealClearWorld, RealClearPolitics Video Log, Booman Tribune and TIME.com
David Kurtz / Talking Points Memo:
WITCH HUNTERY! — A great exchange on CNBC between the anchor and Rep. Brad Sherman (D-CA), one of the few elected voices of reason during the financial crisis:
Discussion:
Obsidian Wings
Washington Times:
Conyers suggests probe of ACORN — Calls fraud charges ‘serious’ — In an startling partisan shift, House Judiciary Committee Chairman John Conyers Jr. on Thursday proposed holding hearings on claims the liberal activist group ACORN engaged in a pattern of crimes ranging from voter fraud to a mob-style “protection” racket.
Liz Sidoti / Associated Press:
Analysis: Obama rhetoric, reality clash — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - Barack Obama's optimistic campaign rhetoric has crashed headlong into the stark reality of governing. — In office two months, he has backpedaled on an array of issues …
Discussion:
Stop The ACLU
Randolph E. Schmid / Associated Press:
US Post Service looks for new ways to cut losses — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - The U.S. Postal Service has already suggested dropping a day of mail delivery to save money. Now, with economic gloom everywhere, it's turning to early retirements, management cutbacks and office closings.
Discussion:
But As For Me
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