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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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TARP Report Slams Treasury, China's Net Users Take Aim Online, More Ponzi Schemes

POSTED: 09:43 AM ET, 01/ 9/2009 by Amanda Zamora

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TARP Report Slams Treasury » As President-elect Barack Obama's team prepares to overhaul the U.S. Treasury's $700 billion financial-rescue package, a draft report by a five-member congressional oversight panel faults the department for failing to reveal its strategy for stabilizing the financial system, not answering questions asked by a government watchdog, and doing nothing to help struggling homeowners. — Washington Post, Wall Street Journal

China's Net Users Take Aim Online » When vigilant Internet users spotted photos of a housing official, they posted heated online discussions about his $15,000 Swiss watch and $22-a-pack cigarettes. Two weeks later, the official was fired. The case demonstrates how China's Internet users seek to expose people they suspect of wrongdoing. — USA Today

More Ponzi Schemes » Just weeks after the arrest of investor Bernard Madoff stunned Wall Street, federal authorities announced yesterday two new cases of alleged Ponzi schemes out of Pennsylvania and New York. — USA Today

Gotti Murder Mystery » Court papers filed in the upcoming trial of reputed Gambino soldier Charles Carneglia suggest that the corpse of John Gotti's neighbor -- murdered after he accidentally killed the gangster's 12-year-old son in a traffic accident -- was dissolved in a barrel of acid. — New York Daily News, Newsday

Holder Pushed for Controversial Clemency » Attorney general nominee Eric H. Holder Jr. repeatedly pushed some of his subordinates at the Clinton Justice Department to drop their opposition to a controversial 1999 grant of clemency to 16 members of two violent Puerto Rican nationalist organizations, according to interviews and documents. — Los Angeles Times

Ala. Sheriff Pocketed Prisoner Funds » The prisoners in the Morgan County, Ala., jail here were always hungry. The sheriff, meanwhile, was getting a little richer. Alabama law allowed it: the chief lawman could go light on prisoners' meals and pocket the leftover change. — New York Times

After the jump...


» Impeachment Vote Looms for Blagojevich (ABC)
» Plant That Spilled Coal Ash Had Earlier Leak Problems (NYT)
» Satyam Scrambles to Assess Finances (WSJ)
» Police in China Halt Parents Seeking Investigation Into School Collapses (NYT)
» Proposed U.S.-Overseas Airline Alliances Draw Senate Scrutiny (WaPo)
» Nationwide Inquiry on Bids for Municipal Bonds (NYT)
» Ex-Senator Craig Abandons Effort to Withdraw Guilty Plea (WaPo)
» Ex-FEMA Chief Brown Evacuated Amid Colorado Fires (WaPo)

By Amanda Zamora |  January 9, 2009; 9:43 AM ET The Daily Read
Previous: Flushing Out Interior's Bathroom Spending | Next: The Pitfalls of Private Health, Deadly Police Force and a Donor's Gift


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