Enlarge Charlie Neibergall/AP Iowans attend a marriage rally sponsored by The Family Leader on Tuesday at the Statehouse in Des Moines. The head of the organization says President Obama’s endorsement of gay marriage could cost him the election. Charlie Neibergall/AP Iowans attend a marriage rally sponsored by The Family Leader on Tuesday at the Statehouse [...]

“When a supposedly responsible, well-run organization could make such an enormous mistake with derivatives, that really blows up the argument, `Oh, leave us alone, we don’t need you to regulate us,’” he said. Article source: http://www.boston.com/news/nation/articles/2012/05/12/after_jpmorgan_loss_a_call_for_stricter_oversight/

By Sam Youngman Fri May 11, 2012 6:57pm EDT (Reuters) – There are not many Mitt Romney fan clubs at Liberty University. The Lynchburg, Virginia, school, founded by the late television evangelist Jerry Falwell, is a bastion for conservative Christian thought. Its theology students are taught that Mormonism – Romney’s religion – is a cult. [...]

Corker, a leader of a failed effort last year to block a Federal Reserve rule that slashed bank profits from debit cards, called for a hearing “as expeditiously as possible” into the events surrounding JPMorgan’s loss. Tim Ryan, president of the Securities Industry and Financial Markets Association, a trade group, said it was impossible to [...]

Matt Sayles / AP Jennifer Hudson The man accused of killing three members of Grammy and Oscar winning actress Jennifer Hudson’s family was found guilty on all seven counts Friday afternoon. Chicago Tribune reporter Stacy St. Clair tweeted that Hudson, who has attended court regularly, was in court, wearing a black-and-white shawl, and accompanied by her [...]

By ADRIAN SAINZ, Associated Press – 16 minutes ago  GUNTOWN, Miss. (AP) — A man wanted by the FBI for killing a mother and daughter and kidnapping two other girls shot himself to death as officers closed in, but the two children were rescued without injuries and released from a hospital Friday. Authorities who tracked [...]

By JULIE PACE, Associated Press – 12 minutes ago  WASHINGTON (AP) — Sorry, Mr. President. After nearly single-handedly pushing gay marriage to the forefront of the presidential campaign and inadvertently pressuring President Barack Obama to declare his support for same-sex unions, there was only one thing left for Vice President Joe Biden to do: apologize. [...]

“There were many errors, sloppiness and bad judgment,” Dimon said as the company’s stock fell in extended trading. “These were grievous mistakes, they were self-inflicted.” The chief investment office was thrust into the debate over U.S. efforts to ban proprietary trading when Bloomberg News reported last month that the unit had taken bets so big [...]

By KASIE HUNT, Associated Press – 59 minutes ago  WASHINGTON (AP) — Mitt Romney apologized Thursday for “stupid” high school pranks that may have gone too far and moved quickly to stamp out any notion that he bullied schoolmates because they were gay. His swift response reflected the Republican presidential candidate’s recognition that his record [...]

U.S. stock futures fell as investors assessed a disclosure by JPMorgan (JPM) Chase Co., the biggest U.S. bank by assets, that it had a $2 billion trading loss after positions in credit securities proved riskier than expected. JPMorgan tumbled 6.8 percent after the close of regular trading as Chief Executive Officer Jamie Dimon said the [...]