relay select posts from other blogs on my site

Hi

From time to time I see a post that I really like on another blog, is there a way for me to re-post it on mine? I could use the “press it” bookmarklet but that only grabs the link without any of the content. Yes I could manually drag and drop and copy paste but it will be cool if there was another way to do it.

What I am envisioning is pretty much a way to do sharing like I would do on facebook with social bookmarks, but for it to go to my site as well with maybe an excerpt, first image, post title and direct link.

Any ideas?