Remember when AIG told us if it didn’t pay the bonuses, and top people left Banque AIG, we might be on the hook to collateralize $234bn in credit default swaps? Guess who’s quitting on the same day whiny Jake DeSantis got published in the New York Times.

If I understand the rules Barney Frank laid down on Tuesday, the members who waited patiently but never got a chance to ask questions on Tuesday (people like Alan Grayson) get to go first.

You can follow along at CSPAN3 or the committee stream.

Here is Geithner’s statement.

Frank:

(I’ll be on the Nancy Skinner show today at 4pm ET — jh)

As Yves Smith and other predicted, BofA and Citigroup have already begun gaming Tim Geithner’s private-public partnership plan (PPiP). Remember our old pal Stanford Kurland, who milked Countrywide for $200 million, and is now financed by Blackrock to buy up toxic mortgages at thirty cents on the dollar? The New York Post says companies like his are being outbid — by BofA and Citigroup.

Now remember, TARP money was supposed

Huge kudos for Sen. Byron Dorgan.  Because he has more than earned them with this interview with Rachel Maddow: “There’s a culture, and the culture is that ‘Wall Street knows best.’ You know, there were only eight of us in the United States Senate that voted no. This was a huge deal to repeal the protections that were put in place after the Great Depression — a huge deal. Eight of us voted no.”

• More coming from Treasury today.
• Budget wars.
• How many “Are you a socialist?” are we gonna see?
• Good news.
• More good news.
• Yep, she’s still blaming the media.
• Apparently, Hannah Montana was sold out.
• Oh please oh please oh please…

Michele Bachmann gets a mash note from Powerline

Take a ride in what must be Neil Young’s custom LincVolt, as he tells us in song all about it. All of this must be a part of his forthcoming DVD, Fork in The Road, due for release April 7th.

Everybody in the pool! Oh, wait. All the conservatives are already in there. Better late than never, Fred.

This is one of those “when a tree falls in a forest” sorts of questions, I suppose. Because, frankly, I grow weary of the “I know you are, but what am I?” level of retort from the self-same bozos who lambasted anyone who dared question the mispronunciation of nuke-u-lar as unpatriotic communism.

Compare and contrast. . . .