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Investigations You Need to Read: Tuesday

Today in accountability news:

  • Despite rules barring the use of bailout funds for paying bonuses, bailed-out regional banks quietly approved raises for their top execs. Reuters reports that even CEOs at banks that had yet to repay the bailout funds got higher compensation.
  • A Catholic priest accused of molesting two teenage girls -- and criminally charged with the 2004 sexual abuse of one of them -- is still working in India despite multiple warnings to the Vatican that he poses a threat to children. The New York Times reports that the Vatican's enforcement office responded to the warnings by asking that the priest "be monitored so that he does not constitute a risk to minors and does not create scandal among the faithful."
  • WikiLeaks posted a video on Monday showing U.S. forces in Iraq gunning down a group of men -- including two Reuters journalists -- from an Apache helicopter. Military sources have confirmed the authenticity of the classified video, taken in July 2007 in eastern Baghdad. 
  • The Financial Crisis Inquiry Commission, which is responsible for investigating the causes of the financial meltdown, has been riddled with staffing problems, internal disagreements and a task of such expansive scope that it seems unlikely that the panel -- on a tight timeline and budget -- will be able to deliver, according to The New York Times.
  • The Project on Government Oversight blog reports that the Securities and Exchange Commission's program to reward whistleblowers has major deficiencies. The program is not well known, receives very few applications, lacks good guidelines for staff review of applications, and has given out only five payments in the two decades it has been in place.

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

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