Secret U.S. Raids, AIG Bailout, Election Reform
Welcome to Monday's Daily Read. AIG received a new $40 billion bailout this morning and the U.S. military has been conducting secret raids targeting Al Qaeda in a number of countries since 2004. Feel free to leave comments and let us know if we missed anything.
U.S. to Expand Afghan Airfield » The Bush administration is planning a $100 million expansion next year of the Kandahar airfield, to accommodate once-secret Army fighting units that have been successful in Iraq. — The Washington Post
Secret Order Lets U.S. Raid Al Qaeda in Many Countries » The U.S. military since 2004 has used broad, secret authority to carry out nearly a dozen previously undisclosed attacks against Al Qaeda and other militants in Syria, Pakistan and elsewhere. — The New York Times
Financial Crisis » The U.S. government obtained the names of American clients of the Swiss banking giant UBS as part of an investigation into the use of foreign banks to evade taxes... meanwhile, the Fed is refusing to identify the recipients of almost $2 trillion in emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral... and, in the middle of September's bailout debate, the Treasury Department issued a five-sentence notice that gave American banks a windfall of as much as $140 billion, a move some have called illegal... — The Washington Post, Bloomberg
Election Reform » The mountain of money raised by this year's political candidates has spurred campaign-finance watchdogs to agree on a set of principles and start lobbying to improve the public financing of presidential elections... and, election reformers are calling for a move toward a "universal voter registration" system, in which the government takes the lead in ensuring that all eligible citizens are registered to vote. — The Wall Street Journal, Los Angeles Times
AIG Bailout » The federal government will invest $40 billion directly into AIG as part of an expanded bailout plan announced early this morning as the insurance giant disclosed massive losses over the last three months... U.S. regulators responsible for supervising AIG now acknowledge that they failed to grasp the impact of provisions in the complex derivative contracts that pushed the insurance company to the brink of collapse. — The Washington Post, MSN Money
Obama Transition Team Heavy With Fundraisers » President-elect Barack Obama says moneyed interests won't have an inside track in his White House, but six of the 15 people he named to his transition team are top fundraisers. — USA Today
By Chris Matthews |
November 10, 2008; 10:05 AM ET
The Daily Read
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