

The federal investigation that prompted Gov. Bill Richardson of New Mexico to withdraw his nomination as commerce secretary offers a rare glimpse into a long-simmering investigation of possible bid-rigging, tax evasion and other wrongdoing throughout the municipal bond business, the New York Times reports.
Seven senior executives of American International Group, the insurer that is getting $152 billion of U.S. taxpayers' money, will not get $3 million in deferred compensation that they were expecting to be paid by April.
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