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Unfortunately I believe that we are limited in what we can focus on. I think that if we proceed with the partisan sideshow of prosecuting Bush admin. officials, healthcare will get lost in the brouhaha.
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Battle Over Bailout Rules, Banks Skirt Supervision, New Era of Openness?

POSTED: 09:40 AM ET, 01/22/2009 by Amanda Zamora

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The Battle Over Bailout Rules » In a symbolic measure aimed at pressuring the Obama administration, the House yesterday overwhelmingly approved a plan to place strict new requirements on financial institutions that accept TARP funds. The Obama administration is set to revise the $700 billion financial rescue program, which has been the subject of widespread dissatisfaction as some powerful politicians have used their leverage to try to direct federal millions toward banks in their home states. — Washington Post, Wall Street Journal

Banks Skirt Supervision » At least 30 banks since 2000 have escaped federal regulatory action by walking away from their federal regulators and moving under state supervision, taking advantage of a long-standing system that allows banks to choose between federal and state oversight. — Washington Post

A New Era of Openness? » New lobbying and records rules issued by President Obama yesterday appear to go beyond changes implemented by previous presidents, and could usher in an era of openness in federal government, experts say. — Washington Post

Gitmo Plan Faces Hurdles » The Obama administration faces a host of legal, logistical and diplomatic challenges in its plan to close the military prison at Guantanamo Bay, Cuba, and if the effort stumbles, it could bring steep political costs. — Washington Post

Nadel Charged With Fraud » Federal securities regulators have charged a missing Florida hedge funds manager with fraud for allegedly misleading investors and overstating the funds' value by about $300 million. Arthur Nadel, 76, disappeared Jan. 14 after leaving behind a purported suicide note for his family. — USA Today

After the jump...

» SEC Probes Apple's Disclosures on Jobs's Health (WSJ)
» Ethics Panel Chief Vows High Standards (NYT)
» Republicans Obstruct Holder's Path to Justice Dept. (WaPo)
» Intelligence Agencies' Databases Set to Be Linked (WSJ)
» At Geithner Hearing, a Comedy of Tax Errors... (WaPo)
» ...Disclosed: Geithner Filed Using TurboTax (WaPo)
» Federal Diary: Obama Seems Friendlier to Whistleblowers (WaPo)
» Prosecutor to call 12 witnesses in Blago impeachment trial (Tribune)
» Oregon AG to investigate mayor's affair with teen (AP)
» Two condemned to death for role in China milk crisis (USAT)

By Amanda Zamora |  January 22, 2009; 9:40 AM ET The Daily Read
Previous: Obama Orders Could Open Records | Next: Adding Up the White House Pay Freeze


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