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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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Are Bank Execs Next?; The Man Who Brought Down AIG; EPA to Monitor Schools' Air

POSTED: 09:44 AM ET, 03/31/2009 by Amanda Zamora

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If I'm corrupt, it's because I take care of my district. My job as a member of Congress is to make sure that we take care of what we see is necessary. Not the bureaucrats who are unelected over there in whatever White House, whether it's Republican or Democrat. Those bureaucrats would like to control everything."
Rep. John P. Murtha (D-Pa.), Critics Claim Murtha... (hat tip @tpmmuckracker)

Are Bank Execs Next? » The Obama administration's display of authority in ousting GM chief executive Rick Wagoner (who reportedly will receive a $20 million retirement package) sent U.S. stocks tumbling and raised questions about whether the government would take similar steps against top executives at U.S. banks that are also receiving government bailout funds. — ABC News, Washington Post

The Man Who Brought Down AIG » The FBI and federal prosecutors are reportedly closing in on the AIG executive whose suspect investments cost the insurance giant hundreds of billions of dollars. The government is investigating whether or not Joseph Cassano committed criminal fraud in virtually bankrupting the company. — ABC News

EPA to Monitor Schools' Air » In its most sweeping effort to determine whether toxic chemicals permeate the air schoolchildren breathe, the Environmental Protection Agency is expected to announce plans today to monitor the air outside 62 schools in 22 states. — USA Today

A Ruling Against EEOC » The Equal Employment Opportunity Commission, responsible for ensuring that the nation's workers are treated fairly, has itself willfully violated the Fair Labor Standards Act on a nationwide basis with its own employees, an arbitrator has ruled. — Washington Post

After the jump...

» Arms Development Costs Soar, GAO Reports (WaPo)
» Judge Dismisses UBS Auction-Rate Securities Suits (Bloomberg)
» For Injured N.Y. Workers, a Costly Legal Swamp (NYT)
» NRA's lobbying clout shapes policy agenda (AP)
» Rockefeller Probes Insurers' Out-of-Network Rate Practices (NYT)
» Former IRS employee with filing false tax claims (NextGov)
» Public Officials Turn Down Raises in Tough Times (USAT)
» Astor Son Faces Trial on Fraud Charges (NYT)
» Allegations of Misconduct in Gaza Called 'Hearsay' (WaPo)
» Army Sergeant Pleads Guilty in Iraqi Prisoner Deaths (WaPo)

By Amanda Zamora |  March 31, 2009; 9:44 AM ET The Daily Read
Previous: Blago Campaign 'Hit List' Targeted Burris, Other Senate Candidates | Next: U.S. to Drop Stevens Case; Watchdogs Press for Bailout Details; Obama's Escalating K Street War


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