Today’s Must Reads – May 11, 2012

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In this new feature, we’ll share stories from around the Internet that we’re passing around here at Moyers HQ. Share your own “must reads” from today below in the comments section. We’d love to hear what you’d recommend!

The New York Times Dealbook: JPMorgan Discloses $2 Billion in Trading Losses
“JPMorgan Chase, which emerged from the financial crisis as the nation’s biggest bank, disclosed on Thursday that it had lost more than $2 billion in trading, a surprising stumble that promises to escalate the debate over whether regulations need to rein in trading by banks.”

Rolling Stone: How Wall Street Killed Financial Reform by Matt Taibbi
“It’s bad enough that the banks strangled the Dodd-Frank law. Even worse is the way they did it — with a big assist from Congress and the White House.”

President Barack Obama high-fives late-night comic Jimmy Kimmel as Caren Bohan, a Reuters journalist and president of the White House Correspondents' Association watches during the most recent White House Correspondents' Association Dinner in Washington. (AP Photo/Haraz N. Ghanbari)

President Barack Obama high-fives late-night comic Jimmy Kimmel as Caren Bohan, a Reuters journalist and president of the White House Correspondents' Association watches during the most recent White House Correspondents' Association Dinner in Washington. (AP Photo/Haraz N. Ghanbari)

The New York Times: Obama’s New Courting of Hollywood Pays Off
“For years, President Obama has largely been absent in Hollywood, a point of unhappiness with a community accustomed to the constant doting of Bill Clinton. But over the last few months, Mr. Obama and his representatives have held a series of meetings and telephone calls with some of the region’s most influential donors and fund-raisers, reflecting Hollywood’s new importance in the president’s re-election campaign.”

The Atlantic: The Deadliness of Income Inequality
“America’s growing wealth gap isn’t just an economic problem. It’s a public health problem, too.”

Gallup Polls: Americans Like Having a Rich Class, as They Did 22 Years Ago
“Despite the recent political emphasis on wealth inequality and the call for higher taxes on the rich, more than six in 10 Americans think the United States benefits from having a class of rich people, unchanged from 22 years ago.”

The Atlantic: Nicholas Katzenbach, Unsung Hero of America’s Desegregation
“When we think back upon the Civil Rights movement of the 1950s and 1960s we usually think of the marches and the fire hoses, of Martin Luther King and Eugene ‘Bull’ Connor, of Brown v. Board of Education and Southern judges and grandiloquent presidential proclamations. We seldom think about the dedicated and loyal men and women of the federal government who literally, often at great personal peril, enforced the new desegregation policies.”

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