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Time:
BANKS: Deposits Guaranteed … Through the great banking houses of Manhattan last week ran wild-eyed alarm. Big bankers stared at one another in anger and astonishment. A bill just passed by both houses of Congress would rivet upon their institutions what they considered a monstrous system of guaranteeing bank deposits.
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The White House:
Remarks by the President on Wall Street Reform Cooper Union, New York, New York — THE PRESIDENT: Thank you very much. Everybody, please have a seat. Thank you very much. Well, thank you. It is good to be back. (Applause.) It is good to be back in New York, it is good to be back in the Great Hall at Cooper Union.
The Politico:
Reid rolls dice on Wall St. bill — Senate Majority Leader Harry Reid (D-Nev.) placed a bet Thursday: call the roll on a Wall Street reform bill and at least one Republican will say aye. — Emboldened by public anger toward Wall Street, Democrats set the first key vote for Monday on a bill …
Discussion:
CNN, TPMDC, The Hill, Blogs and Stories, Clusterstock, The Note, The Page, Gateway Pundit, Pat Dollard, Washington Monthly, EnviroKnow and Think Progress
Myglesias / Matthew Yglesias:
Higher Taxes: The Solution to Obscene Wall Street Profits — Ezra Klein uses some charts and graphs to demonstrate how profits and compensation have skyrocketed on Wall Street, and concludes: … I don't really understand this progressive passion for trying to micromanage the structure of the American economy.
Discussion:
Ezra Klein
Ben Armbruster / Think Progress:
Issa Admits He Has No Proof For His Conspiracy That Obama White House Is Colluding With SEC — Last Friday, the Securities and Exchange Commission (SEC) filed a civil lawsuit against Wall Street giant Goldman Sachs for allegedly selling mortgage investments that were secretly intended to fail …
Lee Fang / Think Progress:
VIDEO: Bank Lobbyists Huddle For Another Secret Meeting With GOP Senators
VIDEO: Bank Lobbyists Huddle For Another Secret Meeting With GOP Senators
New York Times:
Obama Criticizes Wall St. in Push for Reform
Obama Criticizes Wall St. in Push for Reform
Discussion:
Firedoglake, The Baseline Scenario, Crooks and Liars, Daily Kos, Townhall.com, The Spot, DealBook, THE ASTUTE BLOGGERS and The Caucus
NBC Chicago:
Redactions Revealed: The Six Secrets You Need to Know From the Obama Subpoena Request — Former governor Rod Blagojevich's defense team asked Thursday to issue a trial subpoena to the President of the United States of America. — The motion, intended to be heavily redacted …
Discussion:
THE ASTUTE BLOGGERS, Hot Air, Another Black Conservative, LewRockwell.com Blog and Real Clear Politics
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WBBM-TV:
Judge Holds Emergency Hearing In Blagojevich Case — Defense Motion To Subpoena President Barack Obama Contained Sealed Information That Was Visible In Some Electronic Formats — CHICAGO (CBS) ― The judge presiding over the corruption case against former Gov. Rod Blagojevich summoned attorneys …
Frances Martel / Mediaite:
Mediaite Exclusive: Censored Portions of Blago Subpoena May Implicate Team Obama — Today in United States v. Rod Blagojevich: following up on his 2008 claims that then-Senator Barack Obama was one of a few people who could testify to his innocence, his defense team issued a motion today to subpoena the President to testify in court.
Dave Itzkoff / ArtsBeat:
‘South Park’ Episode Is Altered After Muslim Group's Warning — A message posted on SouthParkStudios.com, the Web site of Trey Parker and Matt Stone's production company. — 8:56 a.m. | Updated — An episode of “South Park” that continued a story line involving the Prophet Muhammad …
Discussion:
NewsBusters.org, Hot Air, Another Black Conservative, Gates of Vienna, Little Green Footballs, The Live Feed | THR, Atlas Shrugs, This Just In, Mediaite, The Other McCain, New York Times, Tim Blair, MLive.com, Hit & Run, Commentary, Big Hollywood, theblogprof, Left Coast Rebel, Jihad Watch, The Daily Dish, NY Daily News, Fox News and PopEater
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Ann Althouse / Althouse:
Comedy Central cowers in the face of a murder threat/warning against …
Comedy Central cowers in the face of a murder threat/warning against …
Discussion:
ArtsBeat, Instapundit, GayPatriot, Mediaite, The Other McCain, DaTechguy's Blog and Hit & Run
The Corner on National Review Online:
Liberty, Tyranny, and the Globe — By: NRO Staff — I don't know Jim Manzi, but given his out-of-nowhere rant, you'd think I ran over his dog or something. Feel free to read my book, and the chapter Manzi distorts and cherry-picks, yourself. You don't need Manzi to interpret it.
Discussion:
Erick's blog, Democracy in America, The Daily Dish, AmSpecBlog, Balloon Juice, Sadly, No! and The American Scene
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Ben Smith / Ben Smith's Blog:
Schumer: Obama's ‘counter-productive’ Israel policy ‘has to stop’ — New York Senator Chuck Schumer harshly criticized the Obama Administration's attempts to exert pressure on Israel today, making him the highest-ranking Democrat to object to Obama's policies in such blunt terms.
Discussion:
NachumSegal.com, The Washington Note, Hot Air, The Corner on National … and Israel Matzav
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Matt Corley / Think Progress:
Cheney: Telling Leahy to ‘f*ck’ himself was ‘sort of the best thing I ever did.’ — In 2004, then-Vice President Dick Cheney had a “frank exchange of views” with Sen. Patrick Leahy (D-VT) on the Senate floor over Cheney's ties to Halliburton and President Bush's judicial nominees.
Thomas Fitzgerald / Philly.com:
In Pa. House race, identity politics with a twist — It's happened so often that it's now a cultural cliche: the gay politician pretending to be straight. In most parts of the nation, homosexuality or bisexuality is a clear electoral liability. — Not in Center City's 182d state House district.
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Joe Gandelman / The Moderate Voice:
Democrat “Outs” Another Democrat For Being Straight — If you've been looking for further proof that American politics is going thoroughly bonkers as partisans claw for increasingly personal labels to hurl at and discredit foes or those who don't agree — it's a lot easier doing …
Fox News:
Franklin Graham Regrets Army's Decision to Rescind Invite to Pentagon Prayer Service — Evangelist Franklin Graham said Thursday that he regrets the Army's decision to rescind its invitation to him for the Pentagon's National Day of Prayer service on May 6, but expressed “strong support” for the U.S. military.
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Reuters:
Exclusive: WellPoint routinely targets breast cancer patients — (Reuters) - One after another, shortly after a diagnosis of breast cancer, each of the women learned that her health insurance had been canceled. First there was Yenny Hsu, who lived and worked in Los Angeles.
Martin Kady II / Glenn Thrush's Blog:
GOP brings KBH back into leadership — Sen. Kay Bailey Hutchison (R-Texas) is being rewarded for sticking with Republicans in the Senate. — Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday appointed Hutchison as a “counsel” to GOP leadership to serve alongside Judd Gregg of New Hampshire and Bob Bennett of Utah.
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Wall Street Journal:
Democrats at the Edge of the Cliff — Democrats are spending trillions at the worst possible moment, with a new poll showing public trust in government at a historic low of 22%. — There was always something eerie about the way the Democrats said their health-care legislation was what the American people had waited “70 years” for.
Discussion:
The New Republic
Tim Shipman / Daily Mail:
'I've gone from being Churchill to a Nazi in a week': Clegg defends attack on Britain's ‘delusions of grandeur’ over WWII — A rattled Nick Clegg today sought to defend himself over his claim that the British people have a ‘more insidious cross to bear’ than Germany over World War II.
Discussion:
Guardian, Telegraph, Indecision Forever, The Daily Dish, Weekly Standard, Swampland, thetorydiary, Iain Dale's Diary, MyDD and THE ASTUTE BLOGGERS
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Mike Lillis / The Washington Independent:
In Coal Country, a Culture of Fear — Massey Intimidates Workers, Families Into Silence … Charleston, W.Va. — Two weeks after the horrific explosion that killed 29 coal miners in southern West Virginia, it's business as usual for the owner of the project.
Discussion:
Grist, The Washington Independent, The Political Carnival, Think Progress and Wall Street Journal
Jonathan Karl / ABCNEWS:
SEC Officials Surfed Porn, Ignored Fraud — Gov't Report Finds Securities and Exchange Commission Employees Surfing Pornographic Websites at Work — On a day when President Obama argued for more government regulation over the financial industry, a new government report reveals …
Jonathan Chait / The New Republic:
Conservative Radio Silence On Financial Regulation — Yesterday I commented on the miraculous nature of the sudden revival of financial reform. One other key element in this upsurge is the intellectual disarray on the right. Conservatives do not know what to say or think about this.
Yves Smith / naked capitalism:
Blankfein: Suit Against Goldman Will “Hurt America” — An interesting disconnect exists between Goldman's public posture on the SEC's suit against it over its Abacus 2007 AC1 deal and its private remarks. The firm has maintained that the charges are baseless and politically motivated …
Discussion:
Corrente, Law Blog, Think Progress, Clusterstock, Pacific Views and The Washington Independent
CNN:
Burning oil rig sinks in Gulf of Mexico — (CNN) — A 1-by-5-mile sheen of crude oil mix has spread across the Gulf of Mexico's surface around the area where an oil rig exploded and sank, a Coast Guard lieutenant said Thursday. — “This is a rainbow sheen with a dark center,” …
Discussion:
Grist
Peterhamby / CNN:
Pawlenty makes moves in South Carolina — Tim Pawlenty is scheduled to visit South Carolina in May. — Washington (CNN) - His top advisers have already started talks with key political players in South Carolina, and now Minnesota Gov. Tim Pawlenty, a potential 2012 presidential contender …
Discussion:
The Politico
CNN:
From CNN's Jeff Simon — Washington (CNN) - The Senate on Thursday passed legislation to scrap its $1600 cost-of-living pay raise for 2011. Lawmakers automatically receive the pay hike unless they vote each year to stop it. — The bill was introduced by Sen. Russ Feingold, D-Wisconsin …
Discussion:
TalkLeft