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Banks on Offense Before House Hearing, FBI Probes Firms' Murtha Ties, Agent: Stevens Evidence Concealed

POSTED: 09:18 AM ET, 02/11/2009 by Amanda Zamora

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Facing Oversight, Banks Go on Offense » The chieftains of eight of the nation's largest banks (several of whom are ditching corporate jets in favor of commercial transit en route to Washington) could receive a tongue-lashing when they testify before a House committee today, but some have moved to preempt the withering criticism over lavish spending with their own solutions to the economic meltdown. Meanwhile, Las Vegas wants President Obama to apologize for warning companies against planning trips to Sin City on the taxpayer's dime. — ABC News, Wall Street Journal, Washington Post, AP

Raided Firms Have Murtha Ties » Two separate federal raids at the Virginia offices of a lobbying powerhouse and at the Pennsylvania headquarters of a defense contractor have one thing in common: Both have made millions from federal earmark projects arranged by Rep. John P. Murtha (D-Pa.). Sources say the FBI is looking at whether the lobbying firm founded by a former Murtha aide arranged contributions to Murtha and other House Democrats. — Washington Post

Agent Claims Stevens Evidence Concealed » An FBI agent who worked on the investigation of Sen. Ted Stevens of Alaska, who was convicted on ethics charges, has said that a fellow agent and prosecutors contrived to improperly conceal evidence from the court and the defense. — New York Times

Fitzgerald Keeps His Post » Patrick Fitzgerald, the U.S. attorney in Chicago who brought criminal fraud charges against Rod Blagojevich, will be staying in his job in the Obama administration, even though he was appointed to the position by President George W. Bush. — MSNBC

After the jump...

BEST OF THE REST
» Obama Economic Advisory Board Member Is UBS Exec (TPM)
» Rangel keeps gavel as ethics panel probes (Politico)
» Defense Contractors Spent $340K on Gates Events (CQ)
» Peanut Company Shuts Second Plant (WaPo)
» Tejada Charged with Lying to Congressional Staff (TheHill)
» Calif. Carwashes Accused of Labor Violations (NYT)
» On Trail of War Criminals, NBC News Is Criticized (NYT)
» Report Points to Larger Pakistani Role in Mumbai Attacks (NYT)
» Former First Lady of Taiwan Admits Laundering $2.2 Million (NYT)

By Amanda Zamora |  February 11, 2009; 9:18 AM ET The Daily Read
Previous: The Big Names in Baseball's Steroids Scandal | Next: E-Mails Suggest Peanut Bosses Knew of Salmonella Contamination

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