New documents show that the Federal Reserve knew about those AIG bonuses — and the potential for a media firestorm — more than five months before the controversy erupted, but didn’t tell the Obama administration until February. (Washington Post)
Hoping to avoid similar spectacles in the future, the Obama administration is getting serious about ways to change compensation practices across the financial services industry. (
Republicans and Democrats outline several steps Nancy Pelosi could have taken after learning about waterboarding and other torture techniques through classified briefings. (The Politico)
On the eve of his testimony before Congress, former top State Department lawyer Philip Zelikow, who wrote a memo offering an alternative view on the legality of torture, calls in an interview for an independent probe of the program. (Foreign Policy)
Federal prosecutors are calling for a twenty year prison sentence for Alabama governor Don Siegelman, much longer than the sentence he originally received — even though two of the charges have been thrown out on appeal. (AP)
And Philadelphia Inquirer publisher Brian Tierney confuses the legal right to free speech with editorial judgment, explaining that he gave Bush torture architect John Yoo a column in his paper because “the most important speech to defend is the speech you hate.” (New York Times)
