Morning Smoke: Treasury Picks Its Fund Managers, but No PIMCO

U.S. Treasury Taps 9 Managers for Toxic-Debt Program [Bloomberg]

Guest Contribution: The Fall of the Toxic-Assets Plan [The Wall Street Journal]

House Intel Chair: CIA has misled us for years [The Associated Press]

A jet even the military doesn't want [The Philadelphia Inquirer]

Lawmakers, watchdog question effects of stimulus [Government Executive]

Director of SEC Inspections Office Resigns [The Washington Post]

Congress Considers Hiking SEC Budget to Prevent More Madoffs [The Washington Independent]

Pick to Lead Health Agency Draws Praise and Some Concern [The New York Times]

Hearing: "Regulatory Restructuring: Balancing the Independence of the Federal Reserve in Monetary Policy with Systemic Risk Regulation" [House Financial Services Committee]