Whatever happens on the Gulf is BP’s fault and they’ve got to pay for it, right? But did you know there’s another company that owned 25% of the rig that blew up and is slathering the Gulf with oil?

Rachel Slajda tells us the story of Anadarko Petroleum, how they’ve managed to stay under the radar for the past two months and the brewing battle between BP and Anadarko over whether Anadarko’s got to cover 25% of the bill.

Colbert: Glenn Beck bringing Martin Luther King’s Civil Rights Movement back to its “conservative, white roots.” Watch.

I had thought of this, how much the civil rights movement has been coopted by black people. The Glenn Beck, Rand Paul types are totally written out of the movement.

Today is the big day on Wall Street reform. House and Senate conferees are deciding whether robust reforms stay intact or whether a more watered-down version, responding to late Wall Street lobbying, takes its place. Check out this new piece from Brian Beutler on what’s at stake and how the day is likely to play out. And then check back for updates through the day.

I’m starting to think that the biggest victim of the Richard Blumenthal scandal was Mark Kirk.

Earlier today I said in a couple posts that I wasn’t sure if President Obama had it in him to fire Gen. McChrystal. And then I wrote at the end of my afternoon post …

And yet, as I said a few moments ago, I’m not sure I thought he had it in him. But he did. I’ve learned something.

A number of you have written in to ask what the hell I was saying or what I meant. So I thought I’d expand briefly on what I said. Read More

Sen. Brown (R-MA) winning the fight to create key loophole in financial reform bill.

A look at the Administration’s Af-Pak team in the White House Situation Room today — sans McChrystal: Read More

A few days ago Mike Huckabee got a bit of negative press attention for referring to the “ick factor” as one reason to oppose gay marriage. Now he’s saying it’s a bum rap because the phrase “ick factor” is the standard phrase in the LGBT community.

The hits keep on coming for imprisoned former Detroit Mayor Kwame Kilpatrick. This time it’s 19 new fraud and tax evasion charges related to a private foundation Kilpatrick set up to help Detroit’s youth but which he allegedly looted to pay for yoga and golf lessons and personal travel. Justin Elliott has the full run-down.

Fred Kaplan on Obama’s decision …

President Barack Obama has accomplished what many might have thought impossible just a few hours earlier. He has fired Gen. Stanley McChrystal, his combat commander in Afghanistan, in such a way that not only will the general go unmissed but his name will likely soon be forgotten. Obama’s decision to replace McChrystal with Gen. David Petraeus is a stroke of brilliance, an unassailable move, politically and strategically.

I agree.