• After their CEOs took a pounding yesterday, it's possible that banks like JP Morgan and Morgan Stanley would just as soon give the bailout money back rather than have to battle legislators at every turn. [BN]
• More on yesterday's Wall Street-Washington showdown. [WSJ]
• Nearly 700 people made $1 million or more at Merrill in 2008. [DB, WSJ]
• Stocks have been falling over concern about rising unemployment numbers and fear that the stimulus plan just won't be enough to right the ship. [BN]
• Tim Geithner is responding to critics over his revised bailout plan. [NYT]
• Yet another large investment firm is now under investigation. [BN]
• A Morgan Stanley exec in China is under investigation by the SEC. [DB]
• In slightly better news, retail sales are up slightly. [BN]