There will be fraud

SEC charges Texas tycoon with $8 billion fraud; influential Democratic lobbyist, millions in contributions to Party, Charlie, Greg, Bill, Pete, & co helped him gain clout in Capitol. (WSJ)

Chrysler and GM request billions more in aid; Wagoner points to strong record of cost-cutting in announcing brand, factory, workforce reductions. (Detroit Free Press)

Burris admits fundraising attempt, moving prosecutor and committee to begin investigations. (WaPo)

Gates and Obama disagree on whistleblower protections; Gates sees extending rights to DIA, CIA, FBI, NSA as national security threat. (WaPo)

Goldman‘s Winkelried to retire at 49. (Bloomberg)