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Will Romney choose a 'boring, white guy' for VP running mate?

05/14/12 12:32PM

In some ways, the 2008 presidential campaign feels like a lifetime ago.But that's not stopping Mitt Romney's campaign from looking to John McCain for answers on how to guide the ship.What has the Romney campaign learned from John McCain's 2008 presidential campaign and how are they using what they've learned?As he does on most mornings, Politico's Mike Allen joined us today to give us some clues." of the places this starts is with the VP selection process," Allen says. "Now the McCain people will tell you for months and months, they had a normal selection process for the Vice President. read more

JP Morgan's $2B loss: 'Modest' or cause for concern?

05/14/12 10:51AM

The $2B loss at JPMorgan Chase due to risky bets continues to cause concern in the financial world. Is it time to consider stronger bank regulation? Could this loss have happened if the Volcker rule were in place? CNBC's David Faber and the Washington Post's Ezra Klein join the conversation. read more

Must-Read Op-Eds for Monday, May 14, 2012

05/14/12 09:52AM

WHY WE REGULATEPAUL KRUGMAN NEW YORK TIMESJust to be clear, businessmen are human — although the lords of finance have a tendency to forget that — and they make money-losing mistakes all the time. That in itself is no reason for the government to get involved. But banks are special, because the risks they take are borne, in large part, by taxpayers and the economy as a whole. And what JPMorgan has just demonstrated is that even supposedly smart bankers must be sharply limited in the kinds of risk they’re allowed to take on. ... read more

Morning Headlines: Monday, May 14

05/14/12 05:48AM

Here's a look at the stories we're following right now. What are you reading this morning?US churches split over same-sex marriage issueEmbattled chief exec leaves YahooChase loss a bitter reminder of economic woesObama targets new group in battleground states: veteransJPMorgan Loss Claims Official Who Oversaw TradingElizabeth Warren: Jamie Dimon should resign from New York Fed BoardGOP-Backed group hopes to take key voters from ObamaFacebook CEO turns 28, IPO could be $100B gift'Avengers' adds $103.2M in sprint to $1 billionBooker T. & the MGs' bassist Donald "Duck" Dunn dies at age 70 read more