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The FBI’s Long Look at Shahzad, the SEC Looks at Morgan, and More…

Today’s accountability news:

  • The Wall Street Journal reports that Morgan Stanley is also a target ($) of federal prosecutors for allegedly creating CDOs it later bet against.
  • Six years ago, FBI agents were apparently looking into Faisal Shahzad, the man behind the failed Times Square bombing, though why isn’t clear, according to Mother Jones.
  • AmeriPAC, a conservative fundraising group, raised more than $1 million in the 2010 election cycle but spent only $1,300 on campaign-related spending, reports TPMMuckraker.
  • USA Today says a new report criticizes the Afghan National Army, saying the U.S.-trained agency is highly corrupt. As we’ve also reported, it’s not very effective at training officers, either.
  • Four major banks made money trading every day for 61 straight days, a remarkable feat, reports The New York Times. The streak would be the equivalent of pitching four consecutive perfect games, the Times says.

These stories are part of our ongoing roundup of investigations from other news outlets. For more, visit our Investigations Elsewhere page.