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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.
— Posted by denamom, Obama's Quandary...

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Madoff Remains Free, Surreal Scene in Illinois Senate, Obama on Bush Inquiry

POSTED: 12:54 PM ET, 01/12/2009 by Amanda Zamora

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Madoff to Remain Free » A judge has rejected requests by federal prosecutors to revoke bail for Bernard Madoff, who is accused of running a $50 billion Ponzi scheme. — AP

Blago's Impeachment Trial » As lawyers for Senate appointee Roland Burris descend on Capitol Hill today, the Illinois Senate is preparing for a surreal scenario on Wednesday: Democratic Gov. Rod Blagojevich will preside over the swearing-in of the very same lawmakers whose first order of business will be to consider whether to dump him from office. — The Hill, Chicago Tribune

Bush Inquiry Under Obama? » President-elect Barack Obama signaled in an interview broadcast Sunday that he was unlikely to authorize a broad inquiry into Bush administration programs like domestic eavesdropping or the treatment of terrorism suspects, but didn't rule out prosecutions if the Justice Department uncovered wrongdoing. — New York Times

BearingPoint In Trouble » In April 2005, just days after telling investors that federal regulators were investigating its accounting practices amid a significant cash crunch, BearingPoint borrowed $200 million from a consortium of lenders. Now that deal is casting a cloud over the company. — Washington Post

SEC Nominee Sued Over Merger » Mary L. Schapiro, Obama's pick to to head the Securities and Exchange Commission, has been accused in two lawsuits of making misleading statements to quickly complete a merger of regulatory organizations after which she received a 57 percent raise in her pay. — New York Times

After the jump...

BEST OF THE REST

» Satyam Investigators to Look at Maytas Companies (WSJ)
» Sen. Levin seeks details on Citigroup pact with Treasury (Reuters)
» Doolittle leaves Congress with a $45,000 pension (SacBee)
» Inquiry Highlights New Mexico's Few Ethics Laws (NYT)
» FDA Is Lax on Oversight During Trials, Inquiry Finds (NYT)
» Calif. officials going after noncompliant LLCs (LAT)
» Medical Journal Criticized Over Lack of Disclosure on Authors (WSJ)

OBAMA TRANSITION
» Obama, Top Aides Lobby for Rest of Bailout Funds (WaPo)
» Democrats Look for Ways to Undo Late Bush Administration Rules (NYT)
» GAO Report Urges Obama, Congress to Prioritize Public Diplomacy (WaPo)

By Amanda Zamora |  January 12, 2009; 12:54 PM ET The Daily Read
Previous: U.S. Marshals Lawyer Criticized for Sports Trips | Next: The Bush Legacy Debate Begins

Comments

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Madoff to Remain Free. - If this would have been a poor teenager of color who stole a loaf of bread..... Yes, we all know the rest. Unbelievably shameful. Time for a revolution.

Posted by: pcc7407 | January 12, 2009 2:53 PM

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