JP Morgan chief Jamie Dimon sits on the board of the NY Federal Reserve. He knows what the Fed is doing. But Hagan says Congress can’t be trusted with that information because they would leak like a seive and the markets would crash. In the short span of a year, she has decided she doesn’t want anyone to tell her anything, and that we should just trust Jamie Dimon to do the right thing.

That’s. . . delightful.

A minor breakthrough–emphasis on minor.

Richard Burr and Claire McCaskill are signaling that they will flip-flop on Audit the Fed in order to protect Wall Street’s secret bailouts from scrutiny.

Awesome. “”You all are the house, you’re the bookie,” she said. Clients “are booking their bets with you. I don’t know why we need to dress it up. It’s a bet.”

Let’s just be honest about all this, OK? Student loan reform is smart and 100% defensible in concept. The Affordable Care Act involved legislative compromise and must be watched carefully to ensure it achieves the promise that many liberals are touting this week. Rather than labeling it, we have to work to make it actually operate properly.

Second thoughts? After indicating that she could live with the Stupak amendment in an interview Monday morning, Sen. Claire McCaskill (D-Mo.) said tonight that she opposes the measure because it overreaches in restricting access to abortions. Her words mark a slight change of attitude from this morning, when she suggested on MSNBC that the amendment [...]