Political Glance
The White House told industry officials on Friday that it is leaning toward recommending that the Federal Reserve become the supercop for "too big to fail" companies capable of causing another financial meltdown.
According to officials who attended a private one-hour meeting between President Barack Obama's economic advisers and representatives from about a dozen banks, hedge funds and other financial groups, the administration made it clear it was not inclined to divide the job among various regulators as has been suggested by industry and some federal regulators.
TVNL Comment: This should tell you who owns Obama....and the answer is not the American citizens!
Alaska Gov. Sarah Palin, facing a string of costly ethics complaints, formally unveiled a defense fund Friday to help pay her legal fees — now surging past the half-million dollar mark. 
The Obama Administration will put forth new peace initiatives only if Israel wants it to, said Foreign Minister Avigdor Lieberman in his first comprehensive interview on foreign policy since taking office.
CQ's Jeff Stein reports that sometime before the 2006 elections, the National Security Agency wiretapped Rep. Jane Harman (D-CA) offering a quid pro quo to unnamed Israeli agents: Harman would lobby the Justice Department to "reduce espionage-related charges against two officials of the American Israeli Public Affairs Committee," while the Israelis would lobby soon-to-be House Speaker Nancy Pelosi (D-CA) to name Harman chair of the Intelligence Committee.
