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.
Discussion:
New York Times, Washington Post, The Hill's Blog Briefing Room, The Note, Bloomberg, Eschaton, Real Time Economics, Political Punch, Taegan Goddard's …, Dealbreaker, Democracy in America, Betsy's Page, The Big Picture, Outside The Beltway, Corrente, MyDD, On Deadline, DownWithTyranny!, Grasping Reality … and Blue Crab Boulevard
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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 …
Discussion:
Firedoglake, The Politico, Think Progress, Pajamas Media, FinkelBlog, Kausfiles, Taylor Marsh and The Huffington Post
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 …
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” …
Discussion:
Buck Naked Politics, Riehl World View, Mish's Global Economic … and The Volokh Conspiracy
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.”
Discussion:
Washington Monthly, Patterico's Pontifications, Fausta's Blog, Associated Press, Buck Naked Politics, Pajamas Media, Gawker, AMERICAN DIGEST, Barack Obama's …, Maggie's Farm, But As For Me, Whiskey Fire, Don Surber, No More Mister Nice Blog, A Blog For All, Hot Air, FiveThirtyEight, This ain't Hell …, Blue Crab Boulevard, Jules Crittenden, Gateway Pundit, Townhall.com and Comments from Left Field
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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. …
Most Accounts / The Politico:
60 Minutes transcript — Featured Topics: - Barack Obama - Presidential Transition
60 Minutes transcript — Featured Topics: - Barack Obama - Presidential Transition
Discussion:
The Swamp, Political Machine, MyDD, Scared Monkeys, The Moderate Voice, But As For Me and Associated Press
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
The Politico:
GOP licks chops over Dem stumbles — Featured Topics: - Barack Obama - Presidential Transition — Three days after Barack Obama became president, Senate Minority Leader Mitch McConnell made a prediction: Democrats would make big mistakes that would play into the Republicans' hands going into the 2010 midterm elections.
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Associated Press
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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.
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.
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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.
Discussion:
JammieWearingFool
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.
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 …
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.
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