National Credit Union Administration Sues JPMorgan Chase for Misleading Offering Materials In Sales of RMBSs

By: masaccio Tuesday June 21, 2011 12:30 pm

The NCUA sues JPMorgan Chase for non-disclosure in offering materials for real estate mortgage-backed securities. Too bad Preet Bharara hears no evil, sees no evil, tastes no evil, smells no evil, and touches no evil, meaning that he has nothing to say about securities violations that don’t affect hedge funds.

Tell Attorney General Holder: Keep Obama’s Promise and Respect State Medical Marijuana Laws

By: Brian Sonenstein Tuesday June 21, 2011 11:31 am

When President Obama said that he would not go after state level medical marijuana dispensaries, we took it as a pledge. Too bad his Attorney General does not seem to take presidential promises very seriously.

Sorry, Rich Lowry: Conservatives Loved George W. Bush from the Beginning and Until the Very End

By: Blue Texan Tuesday June 21, 2011 10:30 am

Here’s Rich Lowry, hilariously claiming that George W. Bush was really a big liberal (HAHAHAHAHA!) who conservatives and Republicans never really embraced (HAHAHAHAHAHAHAHA!).

Nothing Can Stop Obama From Adjourning Congress, Making Recess Appointments

By: David Dayen Tuesday June 21, 2011 10:14 am

According to Public Citizen, there’s nothing stopping the President from circumventing the Congress for recess appointments of key positions, including Elizabeth Warren for the Consumer Financial Protection Bureau. And they have the Constitutional passages to prove it.

NOW Accuses AARP of Corruption

By: David Dayen Tuesday June 21, 2011 9:36 am

The National Organization for Women accused AARP of implicit corruption in their statement, recalling the 2003 prescription drug benefit battle. NOW brings up Medicare Advantage, the privatization scheme that ultimately passed as part of that bill.

Lawmakers Debate Debt Limit, Jobs Agenda Lags

By: David Dayen Tuesday June 21, 2011 9:05 am

Lori Montgomery reports that the White House is “speeding up” debt limit talks, with an outline of spending cuts and deficit triggers in exchange for a debt limit increase. Montgomery breaks some news about one potential trigger, which would, according to Delaware Senator Chris Coons (D), lead to tax increases and specifically entitlement cuts, if annual targets for the deficit are not met. Coons thinks this would motivate both sides to get to the savings goals by other means, rather than whacking the safety net or raise taxes, but it sounds like a dangerous game.

Greenpeace Executes the Mother of All Petition Deliveries

By: Jane Hamsher Tuesday June 21, 2011 8:36 am

International Executive Director of Greenpeace, Kumi Naidoo, is being deported from Greenland after four days in jail for scaling a Cairn Energy rig off the coast of Greenland and demanding that Cairn immediately halt drilling operations and leave the Arctic.

Report: Obama to Announce Withdrawal of 10,000 in Afghanistan By End of 2011

By: David Dayen Tuesday June 21, 2011 7:51 am

Any way you slice it, we’re looking at more US troops in Afghanistan at the end of Obama’s first term than at the beginning. He increased the force by 20,000 at the beginning of 2009, even before the “second surge.”

Fact Checking Politifact: Wrong About Jon Stewart’s Use of the Word “Misinformed”

By: Jane Hamsher Tuesday June 21, 2011 6:40 am

Politifact often does a good service checking the veracity (or lack thereof) of controversial claims made by public figures. But they seem to have encountered some difficulty fact-checking Jon Stewart’s claim that Fox Viewers are “the most consistently misinformed media viewers.

Early Morning Swim: Markos Tells Olbermann Joe Scarborough Banned Him from MSNBC [VID]

By: Blue Texan Tuesday June 21, 2011 4:50 am

The liberal media: still not very liberal.

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