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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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Executive Pay Limits Outlined, Treasury Warned on Lending Plan, Madoff Client List Disclosed

POSTED: 11:05 AM ET, 02/ 5/2009 by Amanda Zamora

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Executive Pay Limits Outlined » The Obama administration is imposing a $500,000 pay cap on senior officers at companies that need special government assistance. But the new rules (PDF) do not apply to the more than 350 institutions that have already received bailout funds, and experts caution that abundant loopholes could undermine any lasting effect. Meanwhile, demand is growing in Congress for an independent investigation of the causes of the nation's financial crisis. — Washington Post, New York Times, L.A. Times, Wall Street Journal

Treasury Warned on Lending Plan » A $200 billion government program to encourage consumer lending is at risk of significant fraud, and the Treasury Department should not participate in the plan until proper safeguards are put in place, according to a federal watchdog report being released today. — Washington Post

Madoff Client List Disclosed » The names of thousands of clients who invested money with Bernard Madoff were made public Wednesday -- including legendary pitcher Sandy Koufax and Madoff's own lawyer, Ira Sorkin, who is defending him on charges that he ran a $50 billion Ponzi scheme. — Wall Street Journal

Los Angeles Settles Immigration Rally Claims » The City Council on Wednesday agreed to pay nearly $13 million to people injured or mistreated in a May Day melee in MacArthur Park, bringing to more than $30 million the money spent over the last two weeks to settle lawsuits alleging LAPD misconduct. — L.A. Times

U.K. Judges Keep Detainee Docs Secret » Two British High Court judges ruled against releasing documents describing the treatment of a British detainee at the Guantanamo Bay prison, but made clear their reluctance, saying that the United States had threatened to withhold intelligence cooperation with Britain if the information were made public. — Washington Post

Book Sparks Scandal for French Minister » A new book charges that Foreign Minister Bernard Kouchner, the human rights champion and co-founder of Doctors Without Borders, used his official connections to make money as a health consultant in West Africa and dunned African leaders to pay up after becoming foreign minister. — Washington Post

After the jump...

» Rangel faces questions about book royalties (The Hill)
» White House Assures No Double Standards (WaPo)
» Ruling Favors Ex-Congressman and Could Limit Other Investigations (WaPo)
» A Look Inside Leon Panetta's Earnings (WaPo)
» Lawmakers Sink Teeth Into the SEC (WaPo)
» Milbank: Madoff Private Eye as Next-Generation Dirty Harry (WaPo)

By Amanda Zamora |  February 5, 2009; 11:05 AM ET The Daily Read
Previous: Bailout Pay Cap Won't Affect These Three | Next: On Madoff List: Sandy Koufax, Kevin Bacon, Others Possibly Caught in Ponzi Scheme


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