Tuesday's Daily Brief

2009-03-31

The Daily Brief

Henry Blodget: The Question Tim Geithner Refuses To Answer

AP/J. Scott Applewhite

Henry Blodget: Why is Geithner bailing out the people who lent trillions of dollars to our now-insolvent banks? Each of the financial institutions that Geithner is desperate to bail out has tens or hundreds of billions of dollars that could be used to cover losses before the taxpayer had to cough up a dime. And with the exception of Lehman Brothers (and, now, General Motors), Geithner has protected these gigantic pools of money to the tune of 100 cents on the dollar. Who are these people? Click here to read more.

Harry Shearer: Why the War Crimes?

The reporting that Abu Zubaydah wasn't the feared number 3 of Al-Qaeda, was -- or should be -- the last step in removing the scales from the eyes of all but the Cheney retainers.

Dean Baker: Geithner's Plan Will Tax Main Street to Make Wall Street Richer

The core problem is that many of the largest banks are bankrupt. They are currently concealing this bankruptcy by listing assets on their books at prices that are far above their market value.

Gary Shapiro: Advice to Obama at G-20 Summit: A Rising Tide Lifts All Boats

I don't know precisely when progressives in this country gave up on free trade. Because when they did, without perhaps even realizing it, they turned their backs on the developing world.

Nanette Lepore: Laying People Off -- Tearfully

The worst has happened, the moment I dreaded. I have had to succumb to the hellacious economy and cut my staff.

Jeffrey Feldman: Fear and Anger in Michigan

Fear and anger are rising in Michigan. New York gets what it wants, when it wants it, from Washington; Michigan gets slapped in the face.

HuffPost News

• Obama Europe Trip: Five Countries In Eight Days (VIDEO, SLIDESHOW)
• Arianna Discusses Steps for Solving Financial Crisis on CNBC's Squawk Box
• Chicago's Sun-Times Media Group Files For Bankruptcy Protection
• TARP Watchdog: "We Do Not Seem To Be A Priority For The Treasury Department"
• Oprah Asks Polygamist Women To Explain Their Hair: "It's The Style"

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