1. Confession

    Jesse Jackson Jr. Pleads Guilty

    WASHINGTON, DC - FEBRUARY 20:  Former Rep. Jesse Jackson Jr. enters U.S. District Court February 20, 2013 in Washington, DC. Jackson and his wife, Sandi Jackson, are expected to plead guilty to federal charges after being accused of spending more than $750,000 in campaign funds to purchase luxury items, memorabilia and other goods.  (Photo by Win McNamee/Getty Images)

    Jackson Jr. enters court on Wednesday. (Win McNamee/Getty)

    Jesse Jackson Jr.’s fall from political grace is now official. The former U.S. representative pleaded guilty to conspiracy charges involving the misuse of more than $750,000 in campaign cash. Jackson was accused of spending campaign funds on Michael Jackson memorabilia, fur capes, and a $43,350 Rolex watch, among other things. His wife also pleaded guilty this afternoon to filing false tax returns. Jackson spent 17 years in Congress, but he took a sudden and mysterious leave of absence this summer for what was later described as bipolar disorder.

    Read it at the Chicago Tribune