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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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Ex-AIG Chief: Bailout Failed; Funds Tied to Madoff in Legal Vise; Health Critic's Shady Past

POSTED: 09:53 AM ET, 04/ 2/2009 by Amanda Zamora

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Ex-AIG Chief: Bailout Failed » Former AIG CEO Maurice "Hank" Greenberg says the bailout has "failed" and is expected to propose an alternative plan to breaking up the mega-insurer during a hearing this morning before the House Oversight and Government Reform Committee. AIG launched a pre-emptive strike ahead of today's hearing, putting out a four-page dossier attacking Greenberg's credibility. — Politico, ProPublica

Funds Tied to Madoff in Legal Vise » As Bernard L. Madoff waits in jail to be sentenced, legal problems are accumulating for some of the hedge fund managers who helped him raise billions of dollars from around the world for what he now admits was a vast Ponzi scheme. — New York Times

A Health Critic's Shady Past » Richard L. Scott's emergence this spring as the most visible conservative opponent to President Obama's health care effort has former friends and foes alike doing double takes, given Scott's history. Once lauded for building Columbia/HCA into the largest health care company in the world, Scott was ousted by his own board of directors in 1997 amid the nation's biggest health care fraud scandal. — New York Times

Falsehoods Cited in Blackwater Shooting » The top security official at the U.S. Embassy in Iraq refused to punish Blackwater security guards for making false statements about an unjustified 2005 shooting in Baghdad because he didn't want to lower morale, according to State Department records. — USA Today

Report Faults Spy Agencies » U.S. spy agencies are still hamstrung by the same turf battles and financial mismanagement that led to massive intelligence failures revealed by the 9/11 attacks and the Iraq war, an internal report has found. — AFP

After the jump...

» Flake: PMA 'Much Deeper' Than Abramoff Scandal (TheHill)
» Would Geithner Consider Ousting More CEOs? 'Of Course' (CBS)
» Feds seize Madoff's mansion, yacht, small boat (AP)
» Franken-Coleman fight puts Pawlenty in a jam (Politico)
» NY 'Safety Bucks' System Stirs Anger on All Sides (NYT)
» Doctors Urge End to Corporate Ties (NYT)
» Initiative on Worker Safety Gets Poor Marks (WaPo)
» Feds Begin Post-9/11 Airline Watchlist Takeover (Wired)
» Report: Army Whitewashed Friendly-Fire Incident (DailyNews)

By Amanda Zamora |  April 2, 2009; 9:53 AM ET The Daily Read
Previous: Connecticut Joins Madoff Lawsuit Fray | Next: Blagojevich, Brothers Indicted; Geithner Fell Short at NY Fed; New Rule May Revalue Toxic Assets


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