U.S. Weighs Financial Watchdog; Congress Eyes Pension Oversight; Hsu Convicted in Corruption Trial
Seven years after the fall of the Taliban government, corruption has become more than the standard-issue bribery, nepotism, and extortion."
— USAID Report, Corrupt Afghan officials hurt aid (USAT)
U.S. Weighs Financial Watchdog » The Obama administration is actively discussing the creation of a regulatory commission that would have broad authority to protect consumers who use financial products as varied as mortgages, credit cards and mutual funds, according to several sources familiar with the matter. Meanwhile, the Senate yesterday overwhelmingly approved new curbs on the credit card industry, putting the landmark legislation closer to the president's desk. — Washington Post
Congress Eyes Pension Oversight » The rapidly deteriorating financial health of the federal agency that guarantees 44 million Americans' pensions is raising alarms in Congress, where key lawmakers are demanding tougher rules to insure vigilant oversight of its multibillion-dollar investment portfolio. — Associated Press
Hsu Convicted in Corruption Trial » Longtime fundraiser Norman Hsu was convicted Tuesday of violating campaign finance laws in a case that became an embarrassment to Secretary of State Hillary Rodham Clinton and other prominent Democrats he courted. — Associated Press
Feds Probe Missing Clinton Data » Federal authorities are investigating the loss of a computer hard drive containing a huge quantity of personal information from Bill Clinton's presidency in an apparent security breach at a National Archives record center, government officials said Tuesday. — New York TimesAfter the jump...
BEST OF THE REST
» Bush Memos on Lost E-Mail Can Stay Secret (WaPo)
» Bush officials land work related to former jobs (USAT)
» FEC Deems Palin's Shopping Sprees Legal (WSJ)
» Spitzer Documents: 'My Time Is Precious' (NYT)
» Momentum Grows for Executive Pay Rules (WaPo)
» Merkin to cede control of funds that fed to Madoff (AP)
» Vermont Acts to Make Drug Makers' Gifts Public (NYT)
» 2 Debt Settlement Firms Accused of Fraud (NYT)
» Activists seek Justice Dept. probe of health insurers (AP)
» British Official Quits in Lawmaker-Expenses Scandal (WaPo)
By Amanda Zamora |
May 20, 2009; 10:21 AM ET
The Daily Read
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