TPM News

The Securities and Exchange Commission today charged Goldman Sachs with defrauding investors by allegedly "misstating and omitting key facts" in the marketing of a financial product linked to the performance of subprime mortgages right as the housing crisis was beginning to unfold.

The complaint comes down just as the attention of Washington is turning fully to financial reform.

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Lanny Davis is striking out on his own -- and mounting a lonely campaign for bipartisanship as he does so.

The former Clinton White House lawyer, and tireless Hillary Clinton booster, announced this week that he'll launch his own law and lobbying shop, which will offer clients "a unique combination of traditional legal and litigation services plus media/crisis management, and legislative/public policy strategies to solve U.S. and international client problems."

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The Las Vegas Review-Journal released a new poll on Sen. Harry Reid's (D-NV) re-election campaign today, this time polling on the full slate of third-party candidates and the "none of the above" option instead of just a Reid vs. Republican matchup. The results are still not pretty for Reid.

The new poll shows Reid losing to Sue Lowden, one of the Republicans vying for the GOP nomination there, by 10 points, 47% to 37%.

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Discussing a New York Times/CBS News poll showing that "Tea Party supporters are wealthier and more well-educated than the general public," former Arkansas Gov. Mike Huckabee said on Fox News last night that "these are thoughtful, intelligent, well-read, educated people."

It is an interesting sort of blowback to the position that this is essentially a movement of very ignorant people who just don't know any better. No, these are people that passed civics in the 9th grade. And I think what makes them so angry at Congress -- they're not sure Congress has ever read the Constitution.


Huckabee continued: "These are thoughtful, intelligent, well-read, educated people. They're not folks out there that are just stirred up out of their emotion. They're stirred up out of their intellect."

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Porter Goss, then the head of the CIA, said at the time that he agreed, after the fact, with the agency's 2005 decision to destroy videotapes showing brutal interrogations -- and even joked wryly about the issue, new documents released yesterday by the CIA suggest.

Goss told Jose Rodriguez, then the head of the CIA's clandestine service and the official who ordered the destruction of the tapes, that he "agreed" with the move, according to a CIA email message, reports the New York Times. "PG laughed and said that actually, it would be he, PG, who would take the heat."

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President Obama needled tea party protesters last night in a speech at a Miami fundraiser, saying the anti-government protesters -- who staged demonstrations across the country on Tax Day yesterday -- ought to be thanking him for cutting taxes.

[TPM SLIDESHOW: More Than Just Forms: Tax Day Tea Party-Style]

"We cut taxes for 95 percent of working Americans, just like I promised we would on the campaign," Obama said.

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The man in charge of vetting possible running mates for Sen. John McCain's 2008 presidential campaign has given money to only one of those considered -- and it's not Sarah Palin.

A.B. Culvahouse, who interviewed Mitt Romney, Tim Pawlenty and Palin, has only given to Pawlenty's PAC, CNN reports, donating $500 in March.

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Bernard Kerik, the former New York Police Commissioner, former interim interior minister of Iraq, and onetime nominee to be secretary of the Department of Homeland Security, has started a new blog using the free Google Blogger service at bernardkerik.blogspot.com.

"It's all national security and terrorism stuff related to some of the threats we face, things that I think we should be looking at," Kerik, reached by phone Thursday at his Franklin Lakes, New Jersey home, tells TPMmuckraker of the new blog. He posted Monday on "the unfortunate reality of friendly fire" in response to the Wikileaks video of a U.S. helicopter killing a Reuters photographer in Iraq.

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Jon Stewart took Fox News to task last night for complaining that liberals generalize about the Tea Party -- after constantly generalizing about liberals.

He concluded: "You know, I've said it before, and I'll say it again: Go f*ck yourselves."

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Both of the Republican candidates for Senate in Kentucky spent Tax Day courting the Tea Party vote -- with Rand Paul's campaign crediting the movement with his own success in the polls as an insurgent candidate.

Rand Paul, an ophthalmologist and a son of Rep. Ron Paul (R-TX), spoke to two Tea Party events Thursday, one in Louisville and the other in Lexington. Secretary of State Trey Grayson, who began as the frontrunner for the nomination but has fallen behind in the polls, attended the Louisville event and another in Covington.

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