Rebekah Brooks and Andy Coulson, two top editors at the now-defunct paper News of the World, have been indicted in the phone-hacking scandal that caused the paper’s shutdown and rocked Rupert Murdoch’s News Corp empire. Coulson, before stepping down last year, was actually the communications director for British Prime Minister David Cameron. Five News of the World journalists were also indicted.

Reading Dial M for Murdoch by Tom Watson and Martin Hickman gave me the same feel as watching the movie Apollo 13. I knew the ending. I knew some broad strokes. News of the World, a Murdoch paper, got caught hacking the phone of a missing girl, they got busted. Some cops were involved, News International got caught covering it up and decided to shut down News of the World. People were paid off, some Murdoch executives went to jail, some powerful political aids and police resigned and then Murdoch got a pie in the face while testifying.

Fatsters rounds up the news links from May 15, with stories about Romney’s economics, Ron Paul, Lincoln Chafee, Colorado same-sex marriage fail, Rebekah Brooks, drone law suits, Chinese banks, European austerity, President Hollande, large wind turbines, and more.

The Bush administration told taxpayers to hand over hundreds of billions of their hard-earned dollars to bail out Wall Street banks because the financial institutions were too big to fail. Now, Rupert Murdoch, owner of politically powerful publications and broadcast stations, claims his News Corp. is too big to know.