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Even later update -- Earlier posts read as though Millard's investment plan had been entirely implemented, which we don't believe to be the case. A Congressional staffer said the PGBC had refused to say how much of the fund had already been reallocated under Millard's guidelines. But a PGBC spokesman told BusinessWeek none of it had and that the agency would "work with our board to decide whether these contracts should be terminated and whether strategic partnerships fit into the board's investment approach going forward."

The original version of this post was also somewhat unclear on the specifics of the various investigations into Millard. Both houses of Congress are investigating Millard and a group of senators requested a criminal investigation as well.


Remember Charles Millard? He's the former Bush-appointed director of the Pension Benefits Guaranty Corporation, and we expect to be seeing a lot more of him as congressional investigations into his brief but significant tenure at the agency gathers steam, starting with a scheduled appearance next Wednesday.

Some background: the Pension Benefits Guaranty Corporation insures a portion of the retirement funds of 44 million Americans to protect their savings accounts from the capriciousness of market conditions. Somehow, by the perverse illogic that defined the financial services industry of the past few years it came to pass that this fund would be run by a former Lehman Brothers executive who would devise a plan to plow the majority of its investment portfolio into the volatile stock market and the massively overheated real estate market under the pricey guidance of financial advisers at Wall Street's most prestigious investment banks, such that some such that billions of dollars would vanish in the course of months. An honest mistake, or was unethical behavior involved?

The Office of the Inspector General conducted an audit of Millard, who spearheaded this effort, and found no evidence he'd committed any actual crimes -- but enough "clear violations" of agency ethics rules to alarm Congress, which released the OIG's draft report yesterday and announced an investigation of Millard and said it had requested a criminal probe of him as well.

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There's another part of Lawrence Wilkerson's widely circulated blog post from yesterday that hasn't been given the attention it deserves.

Wilkerson, the former US Army colonel who was Colin Powell's chief of staff at the State Department, wrote:

My investigations have revealed to me--vividly and clearly--that once the Abu Ghraib photographs were made public in the Spring of 2004, the CIA, its contractors, and everyone else involved in administering "the Cheney methods of interrogation", simply shut down. Nada. Nothing. No torture or harsh techniques were employed by any U.S. interrogator. Period. People were too frightened by what might happen to them if they continued.

What I am saying is that no torture or harsh interrogation techniques were employed by any U.S. interrogator for the entire second term of Cheney-Bush, 2005-2009. So, if we are to believe the protestations of Dick Cheney, that Obama's having shut down the "Cheney interrogation methods" will endanger the nation, what are we to say to Dick Cheney for having endangered the nation for the last four years of his vice presidency?

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In the latest development in the 2010 Florida Senate race, where moderate Republican Gov. Charlie Crist is facing a more conservative opponent in the GOP primary, former state House Speaker Marco Rubio, both candidates have signed the anti-tax pledge of Grover Norquist's Americans for Tax Reform.

In a possible move by Crist to appeal to right-wing voters and activists -- a demographic that might oppose him because of his support for the stimulus bill -- his campaign announced yesterday that he was the first candidate to sign the pledge. Rubio then signed up hours later.

The pledge binds candidates to "oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses ... and oppose any net reduction or elimination of deductions and credits, unless matched dollar-for-dollar by further reducing taxes."

For several weeks--while torture revelations have dominated headlines and with the scandal still very much alive--Dawn Johnsen has been waiting. She's Obama's pick to head the Office of Legal Counsel--the same Justice Department shop that famously blessed Bush-era interrogation policies--and her strong stance on that issue has united Republicans against her. But that's not her biggest problem. Her biggest problem is that Harry Reid has not been able to muster enough Democrats to overcome a filibuster threat.

Here are the numbers as they stand right now:

Votes Against Johnsen: 37 Republicans

Votes for Johnsen: 57 Democrats plus Indiana Republican Richard Lugar

Undecideds: Republicans Olypmia Snowe and Susan Collins and Democrats Arlen Specter and Ben Nelson

Reid frames the issue by saying he needs a couple Republicans to cross the line before he has the 60 votes necessary to overcome a filibuster. But as the numbers show, it's just as much an issue of Reid not being able to muster the entire Democratic caucus in support of Johnsen.

The nomination isn't dead yet, but with Reid trying to put the onus on the White House to shore up support for the beleaguered nominee and the White House staying mum about what it role in all this is, or should be, Johnsen's nomination isnt going anywhere fast.

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Nancy Pelosi's claim that the CIA mislead her in torture briefings has received support from a new source: Larry Wilkerson, the retired US Army colonel who served as chief of staff to Colin Powell.

Wilkerson told TPMmuckraker that he's been present for similar CIA briefings, and that the agency briefs only "very limitedly," and "very selectively."

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  • Republicans are lining up to defend the CIA from Nancy Pelosi's charge that the agency lied to her about torture. We all know the CIA never lies. (AP)
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    Report: Military Tribunals To Return, With More Detainee Rights The Obama Administration will reportedly announce a restart of some military tribunals at Guantanamo Bay, under revamped conditions with new legal protections for terror suspects. Detainees will have greater leeway to choose their own attorneys, evidence obtained through torture will be banned, and hearsay evidence will be restricted.

    Obama's Day Ahead President Obama will welcome the Philadelphia Phillies baseball team to the White House at 12:20 p.m. ET, at the South Portico. At 1:05 p.m. ET, he will meet with Sec. of State Hillary Clinton in the Oval Office.

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    At last, the torture debate looks to be heading toward what's been the big question lurking in the background all along: was the Bush administration using torture in large part to make a political case for the invasion of Iraq?

    Writing on The Daily Beast, former NBC producer Robert Windrem reports that in April 2003, Dick Cheney's office suggested that interrogators waterboard an Iraqi detainee who was suspected of having knowledge of a link between Saddam and al Qaeda.

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    A new SurveyUSA poll, conducted for the ABC affiliate in the Twin Cities, finds that Minnesotans don't want Norm Coleman to take his case against the Senate election results to federal court in the event that he loses his appeal to the state Supreme Court.

    The poll asks: "If the Minnesota Supreme Court upholds a lower court ruling that certified Al Franken as the winner of the U.S. Senate race, what should Norm Coleman do? Appeal the decision? Or concede the race?" The numbers are overwhelming, with only 27% for an appeal, to 70% who would want him to concede.

    Democrats would quite understandably want a concession by a 94%-5% margin. Republicans are for an appeal, but by a weaker margin of 58%-37%, showing some fatigue with even the GOP base. Independents would favor a concession by 65%-29%.

    The DSCC is offering a new incentive for small-money donors to contribute to the Dems' 2010 Senate efforts: A chance to attend a big fundraising dinner and have your picture taken with President Obama.

    A new fundraising e-mail offers donors of only $5 or more to be entered into a drawing for a trip to Washington -- with airfare and hotel included -- to attend the June DSCC dinner and get the photo with Obama.

    This is the sort of privilege usually reserved for big-money donors (and there can be no doubt it will continue in that department) but the Dems are offering even the small donor a chance at it. Obviously, the wager here is that the sweepstakes will bring in more money than the cost of the lucky winner's airfare and hotel.

    Full letter after the jump.

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