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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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Officials Knew of AIG Bonuses; Stanford Exec Indicted; U.S. Weighs Financial Pay Limits

POSTED: 10:11 AM ET, 05/13/2009 by Amanda Zamora

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Officials Knew of AIG Bonuses » Documents show that senior officials at the Federal Reserve Bank of New York received details about the bonuses more than five months before the firestorm erupted and were deeply engaged with AIG as well as outside lawyers, auditors and public relations firms about the potential controversy. — Washington Post

Stanford Exec Indicted » Laura Pendergest-Holt, chief investment officer for Texas billionaire R. Allen Stanford's companies, was indicted yesterday on one count of conspiring to obstruct an SEC investigation into the Stanford Financial Group and a second count of obstructing the probe into an alleged massive Ponzi scheme. — Washington Post

U.S. Weighs Financial Pay Limits » Obama administration officials are contemplating a major overhaul of the compensation practices in the financial services industry, moving beyond banks to include more loosely regulated hedge funds and private equity firms. — New York Times

Pilots Broke Rules Before Crash » Experts testifying before National Transportation Safety Board hearings into February's fatal Buffalo, N.Y., crash said the pilot could have prevented the fatal plunge of Continental Connection Flight 3407 with proper maneuvering, and that both pilots chatted in the cockpit while crucial flight information seem to be ignored. — Buffalo News

After the jump...

BEST OF THE REST
» Stimulus funds approved for airport named after Murtha (WaPo)
» U.S. prosecutor admits withholding evidence in Mass. trial (Boston.com)
» Ex-L.A. investment agent pleads guilty to securities fraud (LAT)
» Former Monster Exec Guilty in Options-Backdating Case (Bloomberg)
» NY court rules police need warrant for GPS tracking (Newsday)
» FDA: Cheerios' Health Claims Break Rules (WSJ)
» Doctor Falsified Study on Injured G.I.'s, Army Says (NYT)
» Democrats: CIA is out to get us on interrogation briefings (Politico)
» Source: Aide told Pelosi of waterboarding in '03 (CNN)
» Hesitation at White House on Releasing Abuse Photos (WaPo)
» Madoff Trustee Files $5.1B Lawsuit Against Fla. Investor (WSJ)
» Records Show Billions Withdrawn Before Madoff Arrest (NYT)

By Amanda Zamora |  May 13, 2009; 10:11 AM ET The Daily Read
Previous: U.N. Struggles With Infighting; Another Caught in NY Pension Probe; Murtha's Name-Dropping Nephew | Next: A Power Broker's Web Revealed; Overhauling 'Dark Markets'; Countrywide's Mozilo Faces Charges

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