Financial Crisis, Presidential Election, Stevens Trial
Hello and welcome to today's Daily Read. It's a busy day today packed with finance and election news. Please comment and let us know if we missed anything.
Financial Crisis » Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three year's before the government takeover... credit-default swaps will be tested in the coming weeks, as countless claims are settled on a series of expensive corporate casualties at the heart of the credit crisis... prosecutors have stepped up the investigation into the collapse of Lehman Brothers, with at least a dozen subpoenas being issued including one to the investment bank's chief executive... the FBI is struggling to find enough agents and resources to investigate cases tied to the economic crisis. — The Washington Post, The Associated Press, The New York Times, Reuters
Holes in Disclosure of Nominee's Health » Serious gaps remain in the public's knowledge about the health of the presidential and vice-presidential nominees. The limited information provided by the candidates is a striking departure from recent campaigns. — The New York Times
Election Coverage » Barack Obama's decision to opt out of public financing and his record-breaking fund raising seem likely to destroy the public finance system born after the excesses of the Watergate era... meanwhile, John McCain suggested Sunday that Obama's fund raising was a gateway to corruption... the owner of a firm that the California Republican Party hired to register tens of thousands of voters this year was arrested in Ontario over the weekend on suspicion of voter registration fraud.— The Associated Press, The Wall Street Journal, Los Angeles Times
Stevens Trial » As the trial nears its end, a courtroom confrontation between Stevens and a Justice Department prosecutor over a crucial telephone conversation is expected today.— The New York Times
Troopergate » Alaska Gov. Sarah Palin and her husband will meet this week with an investigator seeking to determine whether Palin violated state ethics law when she fired her public safety commissioner. — Anchorage Daily News
Army to Investigate Soldiers in Colo. Murders » Colorado soldiers returning from deployment in Iraq are suspects in at least five slayings, and officials want to know why. — The Associated Press
Pollution Credits Let Dumps Double Dip » America's garbage dumps are reaping a windfall from the fight against global warming. But their payday might not be doing much to reduce greenhouse gas. — The Wall Street Journal
L.A. Labor Leader Illegally Used Employees in Campaigns » A Los Angeles labor leader now the target of a corruption probe routinely ordered employees of a charity he headed to work on campaigns for political candidates -- a practice barred by law. — Los Angeles Times
DARPA Paper Analyzed » The Post's Walter Pincus analyzes a Defense Advanced Research Projects Agency Paper for insight on the surveillance capabilities of the Predator and other aircraft. — The Washington Post
Blow to Image of 'Green' Reusable Diaper » A British government report that found old-fashioned reusable diapers damage the environment more than disposables has been hushed up because ministers are embarrassed by its findings. — The Times
Please email us to report offensive comments.
Posted by: NETHERLANDS ANTILLES | October 20, 2008 12:36 PM