Bloomberg:

Federal Deposit Insurance Corp. Chairman Sheila Bair is opposing a Senate measure that could cut off privileges to banks like Goldman Sachs Group Inc. and JPMorgan Chase & Co. that don’t segregate swaps trading units.

Bair, in an April 30 letter to Senate Banking Chairman Christopher Dodd and Agriculture Committee Chairman Blanche Lincoln, said the proposal championed by Lincoln would create “weakened, not strengthened, protection of the insured bank.”

AP: Todd Pletcher described Calvin Borel before the race yesterday. "I don't think I've ever had a jockey come to the paddock more focused," he said Sunday. "I would equate it to someone come out for a heavyweight fight. He was in the zone and pumped up. Didn't have much to say, but you could just see the intensity on his face. He was revved up."

"A lot of guys you look at and they're closest to the fence, but they're not on the rail," Pletcher said. "When he gets there, he's scraping paint."

Riding Super Saver, Calvin Borel has won this third Kentucky Derby in the past four years. He says he will win the Triple Crown.

David Harsanyi: "Very few Americans, on the other hand, are inherently opposed to immigration. For the most part, the controversy we face isn't about immigration at all. It's about the systematic failure of federal government to enforce the law or offer rational policy. There's a difference."

A series of World War II pictures of the Pacific theater.

Washington Examiner: The Gulf oil spill is becoming Obama's Katrina. See also here.

Power Line: The pharmaceutical industry is supporting Harry Reid in his battle for re-election. Why? Well, he stood up to special interests, lol.

NPR: Republicans may pick up at least five Senate seats, including Blanche Lincoln's seat.

The ADG this morning reported that less than 4 of 10 public university students in Arkansas graduate in less than 6 years. Six years!

Tiger Woods missed the cut at Quail Hollow by 8 shots. "It is what it is," he said.