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Treasury Overpaid for Bank Assets, Obama's Tax Woes, CIA Pick Vows to End Disputed Tactics

POSTED: 09:25 AM ET, 02/ 6/2009 by Amanda Zamora

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Treasury Overpaid for Bank Assets » The Bush administration received assets that were worth $78 billion less than the amount it invested as part of the massive infusion of capital into the country's banks, congressional investigators have found. Meanwhile, two top watchdogs over the government's financial rescue programs told senators Thursday they would examine how two troubled banks, Citigroup and Bank of America, were included in the first round of the bailout intended for "healthy banks." — Washington Post, ProPublica

Tax Woes Pile Up for Obama Nominees» As tax issues pile up for another Obama Cabinet nominee -- Labor secretary nominee Hilda Solis is on the spot over $6,400 in unpaid liens on her husband's business -- a new USA Today/Gallup Poll seems to indicate that most Americans are unconcerned about the new administration's stumbles. — Washington Post, USA Today

CIA Pick Vows to End Disputed Tactics » Leon Panetta, President Obama's surprise choice to be CIA director, yesterday promised a "new chapter" for the embattled spy agency, telling a Senate panel he would banish controversial interrogation policies while demanding greater candor and accountability with Congress and the American public. Meanwhile, the judge overseeing military trials at Guantanamo Bay has ordered charges dropped against terror suspect Abd al-Rahim al-Nashiri, just as President Obama meets with victims of the Sept. 11 terrorist attacks and the USS Cole bombing. — Washington Post

Suspect Peanuts Sent to Schools » Peanut Corporation of America sold 32 truckloads of roasted peanuts and peanut butter to the federal government for a free-lunch program for poor children even as the company's internal tests showed that its products were contaminated. — Washington Post

Former Blago Fundraiser Faces New Charges » Prosecutors filed new charges against former Illinois Gov. Rod Blagojevich's ex-chief fundraiser Thursday, alleging that he used a bid-rigging scheme to get $8.5 million in inflated contracts for roofing work at O'Hare International Airport. — AP

After the jump...

BEST OF THE REST
» Madoff Whistleblower Offers SEC New Tips... (WSJ)
» ...as Questions Arise Over SECer's Ties to Failed Inquiry (TPM)
» At UBS, Questions Over Bonuses (WSJ)
» Likely Justice Department nominee faces ethics hurdle (LAT)
» Execs Used Corporate Cards for Sex, Alleges Madam (ABC)
» Chicago mayor refuses to release stimulus project list (ChicagoTrib)
» Use of federal database for ID checks hits some bumps (USAT)
» Abuse Cited at a New York City Psychiatric Unit (NYT)

By Amanda Zamora |  February 6, 2009; 9:25 AM ET The Daily Read
Previous: On Madoff List: Sandy Koufax, Kevin Bacon, Others Possibly Caught in Ponzi Scheme | Next: The Details: How Treasury Overpaid the Banks

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