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Potential GM Conflicts Abound; Cox Policies Undercut SEC; Visclosky Subpoenaed in PMA Probe

POSTED: 10:13 AM ET, 06/ 1/2009 by Sarah Fitzpatrick

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Potential GM Conflicts Abound » The administration put out a set of overarching principles Sunday meant to guide its interactions with GM and other companies in which the U.S. has an equity stake. Chief a among potential conflicts is the environmental arena, in which the federal government will be GM's largest shareholder and the chief regulator of vehicle fuel-efficiency standards. — Wall Street Journal ($)

An Agency Handcuffed » After Christopher Cox became SEC chairman in mid-2005, he adopted practices that undermined the enforcement division's efforts to investigate cases of corporate wrongdoing and punish those involved, according to current and former SEC officials. — Washington Post

Indiana Democrat's Records Subpoenaed » A federal grand jury has subpoenaed records from Rep. Peter J. Visclosky's congressional and campaign offices, along with several employees, in an ongoing probe of now-defunct lobbying firm that specialized in defense-related earmarks. The firm, the PMA Group, once a powerful lobbying shop, sought earmarks from Visclosky and contributed to his campaign. — CQ Politics

Lawmakers Keep Expenses Off-Line » Lawmakers have demanded greater openness from companies receiving government bailouts but have yet to release online or electronic versions of their own office expenditures -- including taxpayer-funded tabs for leased cars and staff retreats at hotels. — Wall Street Journal ($)

After the jump...

BEST OF THE REST
Banks Fight Against Bailout Rules (NYT)
Justice Dept. Launches Probe of Doctor Slaying (UPI)
Obama Expands Lobbying Ban (WP)
Arizona Sheriff Questions Motives of Probes (WP)
Tie to Disgraced Ex-Governor Threatens Burris' Future (CQ)
Rangel: Ethics probe near completion (TheHill)
Cleveland Gov. Agency Subject of Corruption Probe (CPD)

By Sarah Fitzpatrick |  June 1, 2009; 10:13 AM ET Post Investigations
Previous: White House Pushes to Block Abuse Photos; NY Immigration Fraud Probe Expands; When Clout Goes to College | Next: Judge Orders Gitmo Docs Public; AP: Blago, Durbin Discussed Senate; A Push for FDA Data

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