So what’s the second (okay, third)-day story? Millard didn’t sit there picking and choosing stocks himself, so we need to know who he gave the money to. Which money managers got it? How much did his chums at Lehman Brothers get? Surely this is gettable information via the Freedom of Information Act.

Keep your eye on this one. Great job by the Globe. This is what newspapers are for.

*I originally mischaracterized what the Globe reported, saying the PBGC had moved the assets already. The extent of how much it had been carried out is not yet known (see my comment below).

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.