Treasury may have misled public last year

A special report released today alleges the Treasury Department made misleading statements to the public last fall about how TARP money was being funneled. (NYT)

Goldman Sachs may get a $1 billion kickback if CIT Group fails because of $3 billion in rescue money it gave to CIT in June 2008. (Reuters)

After Ken Lewis announced he would step down last week, Bank of America is choosing an emergency CEO if Lewis must leave before the year’s end. (Bloomberg)

Former Rep. Dick Armey‘s nonprofit, FreedomWorks, is beginning to resonate with conservatives outside of the Beltway. (WSJ)

Google CEO Eric Schmidt says Arthur Levinson, who is on the board of both Google and Apple, should stay put, amid conflict-of-interest scrutiny. (Reuters)