Engaged in a pretty long, pretty interesting listserve debate over Bill Clinton’s responsibility for policies that led to mass incarceration. But it didn’t change my mind that Rand Paul is flat out lying by pretending it didn’t all start with his own GOP.

Here are some remains of the day:

* Long-expected levy of fines ($5.8 billion worth) on big banks for currency manipulation official now.

* Scott Walker’s signature economic development initiative is in “chaos” by all accounts as loan program shuttered and audits appear imminent.

* SC man who blamed Obamacare for loss of insurance has changed his tune.

* At Ten Miles Square, Julia Azari discusses Russ Feingold’s “delicate identity balance,” which involves not just progressivism but independent bipartisanship.

* At College Guide, Stephen Burd discusses his new report on the use of non-needs-based aid by public universities to attract high-achieving out-of-state students.

And in sorta non-political news:

* Cleanup underway of Santa Barbara beaches fouled by oil pipe spill.

That’s it for Wednesday. We’ll close with some later Cocker: a cover of “Don’t Let Me Be Understood.”

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Ed Kilgore is a political columnist for New York and managing editor at the Democratic Strategist website. He was a contributing writer at the Washington Monthly from January 2012 until November 2015, and was the principal contributor to the Political Animal blog.