Morning Smoke: Fed Gave Up On Trying to Save Taxpayer Money with AIG Bailout, SIGTARP Says
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Fed 'Severely Limited' Savings on AIG, Watchdog Says [Bloomberg]
TARP Can't Save Some Banks [The Wall Street Journal]
Obama Admin Slashed 60,000 Jobs From Recent Stimulus Report [ABC News]
GMAC Chief Ousted by Board [The Wall Street Journal]
GM Announces It Will Pay Back Gov’t Loan … With Gov’t Money [ProPublica]
Kuwaiti firm charged with defrauding US military [AFP]
GAO Disputes Union Conflict [Airforce-magazine.com]
U.S. Turns to Local Guns-for-Hire to Guard Afghan Outpost [Danger Room]
Hearing: On building a partnership between the executive and legislative branches for performing budgeting [House Budget Committee]
Hearing: "Bank Of America And Merrill Lynch: How Did A Private Deal Turn Into A Federal Bailout? Part IV" [House Oversight and Government Reform Committee]
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