Wall Street to get a new set of Rules

1. Hey looky there… More Financial Sector Regulation – Critics correctly point out that more consumer protection will just make for dumber, less savvy consumers.  Problem is:  There’s already too many of those dumb ones that could perpetuate the financial ruin for the rest of us.  Hedge funds would have to register with the SEC, and the Feds would have an eye on everything more than ever.  (From the Wall Street Journal)

2. The Three things we do know about the Iranian Election -
Bottom line:  Back those in Iran who are understandably upset.
(From The New Republic)

3. President Obama extends Fed. Benefits to Gay Working Couples – After coming up short on don’t ask don’t tell, the President extends an olive branch to the gay community.  (From MSNBC.com)

4.. Meanwhile… Can gay Penguins get married in Iowa as long as they can stand the summer heat? – 450 species have some members who are homosexuals.  Here comes the evolutionary theory behind it.  (From Scientific American)

5. Palin accepts Letterman Apology - Meanwhile, do you think it’s any kind of coincidence that this “firestorm” over Letterman’s jokes about one of Gov. Palin’s daughters just HAPPENED to pop up around the time Conan made the move to The Tonight Show?  Remember Conan?  Heard anything about him lately?  No?  Right.  Exactly what the Letterman folks wanted.  (From Hot Air)

5.5 – Father’s day is this weekend - So go buy your Dad something.  Esquire has suggestions, but… it’s Esquire, so… take it with a grain of salt.  Love Esquire, but… sometimes they’re out of touch.  Some good ideas here though.  One of the greatest gifts I ever got my Dad was 50 feet of Rope for camping.  And yes he asked for it.  (From Esquire)