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June 11, 2012 | | BFFs A series of unhelpful comments by the former president has unnerved Democrats and emboldened Republicans. The Daily Beast’s Robert Shrum, a former political consultant who advised the Democrats’ 2000 and 2004 presidential campaigns, on why Bill Clinton should give advice—but not in the media. PENN STATE TRIAL A 28-year-old male took the witness stand Monday in the Jerry Sandusky trial, claiming the former Penn State football assistant coach had treated him “like his girlfriend” for more than two years, giving him a plethora of gifts. Sandusky, 68, denies the 52 counts brought against him by 10 boys over the course of 15 years. The man said he was 12 and 13 at the time of his alleged encounters with Sandusky, which he says happened more than 40 times and were “very uncomfortable.” The accuser went on to say Sandusky put his hand on his knee every time they were in a car together, which he said he “could not stand.” The man shared a letter in the court that he says Sandusky wrote to him that says “Love never ends.” CITATION Attorney General Eric Holder has fallen into the sights of the House Oversight Committee. The committee announced Monday that it will consider issuing a contempt citation to Holder on June 20 regarding the Department of Justice’s refusal to provide certain information pertaining to “Fast and Furious,” a gun-smuggling investigation. Committee chairman Congressman Darrell Issa, a Republican from California, said in a statement that Holder may still be able to escape a citation if he “decides to produce these subpoenaed documents," adding, “I am confident we can reach agreement on other materials and render the process of contempt unnecessary.” ECONOMY It’s technically old news, but it’s still relevant: a report released Monday by the Federal Reserve found that America’s median family had the same amount of money in 2010 as they did in the early 1990s, as a result of the financial crisis. The new data was released in the Fed’s triennial Survey of Consumer finance, one of the most accurate and thorough sources of information about the wealth of American families. Though this data was collected in 2010, more recent economic reports have indicated that median American families have seen only modest gains in wealth and income in the past two years. An uptick in consumer spending has helped spur some economic growth, but the survey indicates that consumers are spending money rather than saving and repaying old debts. EURO-MAGEDDON? Stock markets were initially up on the news of a $125 billion agreement to bail out Spain. So why did financial commentators still cry Armageddon? The Daily Beast’s Zachary Karabell on why there’s no need for panic. | | 
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