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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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Firms Tied to Murtha Have Troubled Past; Mortgage Pioneer Accused of Fraud; Banks Show Powerful Hand

POSTED: 10:19 AM ET, 06/ 5/2009 by Amanda Zamora

Today's Daily Read brought to you with the help of our friends at Publish2. See what else we're reading by subscribing to our GoogleReader feed, or follow us on Twitter.

Firms Tied to Murtha Have Troubled Past » Defense firm owner Bill Kuchera has won tens of millions of dollars in federal contracts with the help of Democratic Rep. John P. Murtha. Now he faces a federal inquiry into allegations of improper billing. But newly obtained documents show that the current probe is only the latest chapter in the troubled history of Kuchera business ventures. — Washington Post

Mortgage Pioneer Accused of Fraud » Former Countrywide chief Angelo R. Mozilo, who ran the nation's largest subprime mortgage lender, has been charged with fraud, making him the most prominent executive accused of illegality in connection with the financial crisis. — Washington Post

Banks Show a Diminished Yet Powerful Hand » As Congressional Democrats and the White House crow about multiple victories over the financial industry, including new rules for credit card issuers, banks are quietly savoring an even bigger victory of their own. — Wall Street Journal ($)

White House Set to Appoint a Pay Czar » The Obama administration plans to appoint a "Special Master for Compensation" to ensure that companies receiving federal bailout funds are abiding by executive-pay guidelines, according to people familiar with the matter. — Wall Street Journal ($)

U.S. Seeks Release of Convicted Alaska Lawmakers » Two convicted state legislators are sprung from prison as the Justice Department moves to send their corruption cases back to federal court. — Washington Post

After the jump...

BEST OF THE REST
» Steny Hoyer backs PMA inquiry (Politico)
» Jeffrey Greenstein, Ex-Chief of Quellos Group, Is Indicted (WSJ/$)
» Attorneys Hail Action in Md. Inmate Death Case(WaPo)
» Ex-NYC police commissioner Kerik pleads not guilty (AP)
» Intel firestorm: GOP reveals briefing info (Politico)
» Grassley Accuses Library Officials of Interfering With Probes (WaPo)
» Airports urged to study bird-strike risks (USAT)
» High-Stakes Quest for Permission to Pollute (WaPo)
» Surplus of Bachelors Spurs Scam in China (WSJ/$)
» GAO: U.S. aid programs overpay for food, delivery (McClatchy)
» Police rule out broad inquiry over MPs' expenses (Guardian)
» Surplus of Bachelors Spurs Scam in China (WSJ/$)

By Amanda Zamora |  June 5, 2009; 10:19 AM ET The Daily Read
Previous: Grassley Complains of Library of Congress Interference | Next: Tainted Syringes Slip FDA's Watch; Lobbyists Spend Millions Honoring Lawmakers; FEMA's Preparedness Gaps

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