TalkingPointsMemo

by Walter Alarkon - 12/18/08 9:14 AM ET

Rep. Ray LaHood (Ill.) will become the second Republican to join President-elect Obama’s cabinet by accepting Transportation secretary, a post that should be more important in the new administration than the current one, writes Josh Marshall. One investment investigator, Harry Markopolous, had been pushing for years to get the Securities and Exchange Commission to look at Bernie Madoff, who was arrested last week on charges of conducting one of the biggest Ponzi schemes in financial history, writes Marshall.

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