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:
Washington Monthly, The Huffington Post, The Swamp, The Hill's Blog Briefing Room, The Baseline Scenario, Political Punch, Bloomberg, The Note, Portfolio, MSNBC, Eschaton, The Foundry, Outside The Beltway, theheretik.us, The Plank, Washington Post, Ben Smith's Blog, Betsy's Page, The Big Picture, Taegan Goddard's …, Dealbreaker, Democracy in America, Corrente, MyDD, On Deadline, Grasping Reality …, Blue Crab Boulevard and DownWithTyranny!
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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 …
Discussion:
CBS News, Political Machine, Talking Points Memo, The Baseline Scenario, Angry Bear, NPR Blogs, DealBook and Economy Watch
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 Campaign Spot, Think Progress, QandO, The Politico, Pajamas Media, FinkelBlog, Taylor Marsh and The Huffington Post
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.
Brad DeLong / Grasping Reality with Both Hands:
I Think Paul Krugman Is Wrong
I Think Paul Krugman Is Wrong
Discussion:
The Daily Dish, Angry Bear, Lawyers, Guns and Money, Kausfiles, Bronte Capital, Marginal Revolution, rubber hose and MoJo Blog Posts
Neil Irwin / Washington Post:
Treasury: Toxic Asset Prices to Be Determined by Auction
Treasury: Toxic Asset Prices to Be Determined by Auction
Discussion:
marbury
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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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. …
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:
Clive Crook
The Politico:
Kroft to Obama: Are you punch-drunk?
Kroft to Obama: Are you punch-drunk?
Discussion:
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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.
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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 …
Kevin Bogardus / The Hill:
Obama budget takes hits from both sides — As President Barack Obama's budget enters its first make-or-break week, his plan for the federal government is having the most trouble with perhaps its most needed constituency: Washington lawmakers. — On Sunday, politicians from both sides …
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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:
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.
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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).
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
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.
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
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?”
Discussion:
The Daily Dish
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
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.
Sarah Lyall / New York Times:
Sweden Says No to Saving Saab, a National Icon — TROLLHATTAN, Sweden — Saab Automobile may be just another crisis-ridden car company in an industry full of them. But just as the fortunes of Flint, Mich., are permanently entangled with General Motors, so it is impossible to find anyone …