WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their accounts, even though some big banks have already curbed high-fee overdraft programs. Rep.

zero hedge : Even as Tim Geithner was boldly lying today on national TV, claiming that he abhors the concept of too big to fail, and condemns moral hazard, behind everybody’s back he, together with the entire Obama administration, was trying to pass a law that would shift TBTF from a temporary program into officially canonized law. This is a scandal that has gotten little recognition in most of the MSM: in essence it guarantees that the massive mega banks like Goldman Sachs, BofA, and JPM will take on so much disproportionate risk the next time around (and with a moral-hazard encouraging Federal Reserve as risk regulator virtually guarantees their implosion) that not only will they blow up spectacularly once again, but that their bailout next time around will surely force America, already strapped with trillions of new upcoming debt courtesy of stimulus after stimulus, into sovereign insolvency. Read the whole story: zero hedge

A confidential ethics committee report leaked to the Washington Post reveals that more than 30 members of the House are currently facing ethics investigations, including seven members of the House Appropriations defense subcommittee . The Post’s big scoop comes less than a week after the National Journal’s poll of lawmakers that shows both Democrat and GOP lawmakers are confident in the ethics oversight of their own party.

HuffPost readers responded to our request for more information about the companies and organizations which fund and support the Chamber of Commerce, which has been outspoken in its opposition to health care reform, climate change legislation and financial reform. For the following list, we chose to also include Chamber affiliates, such as the Chamber Institute for Legal Reform, the National Chamber Litigation Center, National Chamber Foundation, the Center for International Private Enterprise and the Business Civic Leadership Center. In addition, the corporate affiliations of the Chamber’s leadership and board of directors have been highlighted.


 
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Around the Web: FRB: Federal Reserve Districts and Banks Federal Reserve System – Wikipedia, the free encyclopedia Liberals and Conservatives Agree: Proposed Oversight Bill Will Make Things Worse Fed’s Hoenig: Monetary Policy Still Stimulative At Higher Rates


 
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 Copyright © 2009 Crain Communications Inc. 
 Use of editorial content without permission is strictly prohibited.