The Second Half of the TARP
Can We Please Fire Maureen Dowd Now?

Why Oh Why Can't We Have a Better Press Corps? (New York Times Buries the Lead Edition)

Steve Labaton and Edmund Andrews have the wrong headline and the wrong lead on their New York Times story yesterday. They wrote:

Geithner Said to Have Prevailed on the Bailout: The Obama administration’s new plan to bail out the nation’s banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president’s top political hands. In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials...

They should have written:

Axelrod Sets Geithner Up to Take the Fall if Financial Rescue Goes Badly: With the assistance of complaisant reporters at the New York Times who minimized Obama's involvement and decision-making role, David Axelrod set Treasury Secretary Timothy Geithner up as the guy to take the responsibility and the fall should President Obama's new plan to bail out the nation’s banks not be successful...

Don't bury the lead guys! When who leaks to you and what they leak is the story, report that!

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