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Richardson Donor Investigated, Unraveling a Ponzi Scheme, Cheney Still Backs Waterboarding

POSTED: 10:48 AM ET, 12/16/2008 by Chris Matthews

Good morning, and welcome to Tuesday's Daily Read. Please feel free to leave your comments and let us know if we missed any good stories.

Richardson Donor Investigated» A federal grand jury is investigating how an investment company won more than $1.5 million in work advising the state of New Mexico after making contributions to the political action committees of Gov. Bill Richardson, Barack Obama's choice to be commerce secretary. — Washington Post

Madoff's Ponzi Scheme» The SEC learned about what it describes as one of the largest securities frauds in history when Bernard L. Madoff volunteered his confession, raising questions about the agency's ability to police the financial marketplace... meanwhile, fresh details emerged of trading discrepancies that offer clues as to how the New York broker may have run the epic scam alleged by authorities. — Washington Post, Wall Street Journal

Cheney Cleared Interrogation Tactics » Dick Cheney said Monday that he was directly involved in approving waterboarding of terrorism suspects by the CIA and still supports its use; he also said the prison at Guantanamo Bay, Cuba, should remain open indefinitely. — LA Times

The Crash» When the housing market began to tank in 2005, Wall Street ran through the yellow light of caution and created even riskier investments -- and Washington had no mechanism for finding out what was going on. — Washington Post

Federal Accounting Scrutinized » The federal deficit for 2008 would top $1 trillion if the government had to use the same accounting methods as private companies. — Associated Press


After the jump...

Best of the Rest

» U.S. Ends Probe of GMAC Arm (WSJ)
» Man Arrested in Bombing That Killed 2 (NYT)
» Wade Gets 30 Months in Prison in Cunningham Case (AP)
» FDA Plans More Research on BPA (AP)
» Calls Shed Light on Gunmen's Motives (WaPo)

Blago Bust
» In Blagojevich Case, Is it a Crime, or Just Talk? (NYT)
» Process to Oust Governor Starts (WSJ)
» Order Highlights Close Ties With SEIU (WSJ)
» Obama Says Inquiry Shows Nothing Wrong (NYT)
» Illinois Governor's Attorney is a Courtroom Bulldog (AP)

Madoff's Ponzi Scheme
» Fund Manager in Scandal Once Boasted About Profits (AP)
» Senators Won't Keep Political Donations (WSJ)
» Madoff Debacle Hits Region's Jewish Community (LAT)

By Chris Matthews |  December 16, 2008; 10:48 AM ET The Daily Read
Previous: Report: Interior Office Meddled With Endangered Species Act | Next: Sleuth to the Stars Gets 15-Year Sentence

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