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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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A Power Broker's Web Revealed; Overhauling 'Dark Markets'; Countrywide's Mozilo Faces Charges

POSTED: 10:05 AM ET, 05/14/2009 by Amanda Zamora

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A Power Broker's Web Revealed » The case against Hank Morris, who stands accused of positioning himself to extract $15 million in kickbacks from fund managers seeking public pension business in New York, has reignited perennial questions about a nationwide network of pension investment brokers -- many of them from the world of political operatives. — New York Times

Overhauling 'Dark Markets' » The Obama administration has unveiled a plan to regulate a vast market of exotic financial instruments known as derivatives, which fueled the global economic crisis and wounded some of the biggest names on Wall Street. — Washington Post

Countrywide's Mozilo Faces Charges » Former Countrywide Financial Corp. boss Angelo R. Mozilo, whose embrace of exotic loans helped fuel the mortgage boom and meltdown, will face SEC fraud charges unless his lawyers prevail in an eleventh-hour appeal, people familiar with the investigation said Wednesday. — Los Angeles Times

Report Details Spitzer Leaks » Gov. David A. Paterson called Wednesday for the resignations of all 12 sitting members of the state's ethics oversight commission, hours after a blistering report found that the panel's director repeatedly leaked confidential information about an inquiry into the Spitzer administration to a top Spitzer aide. — New York Times

Panel Questions Pilots' Pay, Commutes » Executives of Colgan Air struggled to defend the Manassas-based airline yesterday as details emerged about the low pay of its pilots, their long commutes and the need of some to hold second jobs. — Washington Post

After the jump...

» Zelikow Testimony: A Torture Dissidents' Tale (MotherJones)
» Obama Shifts to Block Release of Abuse Photos (WaPo)
» Division among Democrats over proposed Murtha probe (Politico)
» Clinton Heard Praising Disgraced Donor in Voicemail (ABC)
» Students file class-action suit over Inauguration promises (NYT)
» Defense Official Charged in Espionage Case (WaPo)
» Marine official fears firing over MRAP testimony (USAT)
» Treasury Clarifying Pay Rules for Bailed-Out Firms (WaPo)
» Senate Rejects Limit on Credit-Card Interest Rates (NYT)
» Intel fined $1.45 billion by European antitrust regulators (LAT)
» Craigslist Vows to Improve Monitoring of 'Adult' Ads (WaPo)
» Woman in Rendition Case Sues for Immunity (NYT)
» Documents detail toxic dumping by British oil traders (Guardian)
» UK's Brown under fire as lawmakers repay expenses (Reuters)

By Amanda Zamora |  May 14, 2009; 10:05 AM ET The Daily Read
Previous: Officials Knew of AIG Bonuses; Stanford Exec Indicted; U.S. Weighs Financial Pay Limits | Next: Watchdog Digs Into SEC Conduct; Nuclear Cleanup Contracts Eyed; Blue Shield v. Dropped Policyholder


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