Millard pled the Fifth when he was hauled before Congress in May. It’s not hard to see why.

Good legwork by the NYT, and a tip of the hat to its sister paper, The Boston Globe, which was the first to show there was a need for a closer look at this critical agency.

If you'd like to help CJR and win a chance at one of 10 free print subscriptions, take a brief survey for us here.

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 Follow him on Twitter at @ryanchittum.