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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 …
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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 …
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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.
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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
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.
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 …
Arianna Huffington / The Huffington Post:Take the Steering Wheel out of Geithner's Hands
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AMERICAblog News
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).
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Washington Monthly, Democracy in America, Le·gal In·sur·rec· tion, Below The Beltway and American Power
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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?”
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CBS News:Obama On 60 Minutes: Interview Highlights
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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 …
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The New Republic, Michelle Malkin, Think Progress, Swampland, Portfolio, Gawker, Zero Hedge and PoliBlog
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.
Discussion:
The Volokh Conspiracy, Fausta's Blog, Barack Obama's …, Gateway Pundit, The Atlanticist, Riehl World View and Don Surber
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?”
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Ben Feller / Associated Press:Obama confident latest bank rescue plan will work
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Reuters
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.
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 …
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.
Discussion:
Little Green Footballs
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.
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
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 …
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.
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
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.
Discussion:
The New Republic, Think Progress, Washington Monthly, Michael Calderone's Blog, Wonkette and Salon
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 …
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
Associated Press:
Court won't hear appeal by former Border Patrol — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - The Supreme Court has refused to hear an appeal from two former Border Patrol agents convicted of shooting a fleeing drug smuggler and trying to cover it up.
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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