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Pay Limits Rebuffed?; TARP 'Inherently Vulnerable'; Obama Vows Support for CIA

POSTED: 10:14 AM ET, 04/21/2009 by Amanda Zamora

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Pay Limits Rebuffed? » Top officials at Chrysler Financial turned away a government loan because executives didn't want to abide by new federal limits on pay, according to new findings by a federal watchdog agency. Meanwhile, the Treasury Department's inspector general is expected to report today that firms participating in a $1 trillion program to relieve banks of toxic assets may be subject to executive pay limits, contrary to the Obama administration's previous public position. — Washington Post

TARP 'Inherently Vulnerable' » In the first major disclosure of corruption in the $750-billion financial bailout program, federal investigators said Monday they have opened 20 criminal probes into possible securities fraud, tax violations, insider trading and other crimes. — Los Angeles Times

Obama Vows Support for CIA » Amid mounting pressure to investigate interrogation policies under the previous administration, President Obama traveled to CIA headquarters yesterday to vow continued support for the agency despite weeks of revelations about the abuse of terrorist suspects in its secret prisons. — New York Times, Washington Post

Division Over Strict Lobby Rules » Despite a distinguished career, Tom Malinowski was ruled out as President Obama's human rights chief for one reason: he is a registered lobbyist. His case has become a symbol of the deep discontent among many Democrats over a policy that doesn't distinguish between those who advocate for moneyed interests and those who advocate for public interests. — New York Times

After the jump...

BEST OF THE REST
» Card Issuers Brace for Stern Warning (WaPo)
» Report: Feinstein's husband cashes in on crisis (WashTimes)
» Murtha's Defense Earmarks Draw Questions (CBS)
» Lawmaker Is Said to Have Agreed to Aid Lobbyists (NYT)
» Coleman files appeal to Supreme Court (StarTrib)
» Computer Spies Breach Fighter-Jet Project (WSJ/$)
» Stanford Points Fingers in Fraud Case (NYT)
» Report IDs air-ambulance problems (USAT)
» Files show Calif. child deaths in families under scrutiny (LAT)
» Connecticut Investigates Power Firms (WSJ/$)

By Amanda Zamora |  April 21, 2009; 10:14 AM ET The Daily Read
Previous: Murtha's Earmarks Keep Airport Aloft; Memos Reveal Extent of Waterboarding; Report: Harman Heard on NSA Tap | Next: Jane Harman's Wiretapped Conversations

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