Transcripts For CNNW Starting Point 20120514

so this all actually happened late last week when the financial giant revealed it had made this risky credit bet in the european market. so now, we're hearing three executives are expected to resign and bloomberg is now reporting morgan's entire chief investment office of london could be cleaned out. the trades are raising some very, very serious questions this morning about whether the country's biggest bank learned anything from that financial crisis. let me remind you, that was merely four years ago and what happened to the laws that were supposed to stop all of this? that's one of the big questions we're asking this morning. many of the rules created by the dodd-frank bill still aren't in place, two years later. ceo jamie dimon acknowledging this new mess could give regulators and members of congress more reason to tighten any loopholes. >> have you given regulators new ammunition against the banks? >> absolutely. this is a very fortunate and inopportune time to have this kind of mistake. >> we welcome sheila bair, former chair of the fdic and has called for closing some of those said loopholes, so welcome, sheila, to you. >> thank you. >> welcome to christine romans and ali velshi. >> sheila, really just right out of the gate this morning as we mentioned 2008 not too long ago is this deja vu? is this just as egregious and risky in terms of the betting do you think? >> well, no, i don't think that this is as bad as some of the really system-wide idiotic things that were being done leading up to the crisis, and to morgan chase's credit they avoided a lot of that nonsense but this is still a very serious issue. i think it does underscore that even with very good management, these institutions are just too big to manage and especially dealing with very complex derivatives instruments trying to hedge risk in large securities trading books, even the best of managers, ken stumple, and so i think it requires, suggests smaller, simpler institutions, ones that have more focused management on particular business lines. >> i want to get to that point because that is one of the concerns that these banks are too massive and perhaps one boss in one section has no idea what the other arm is doing at all. >> that's true. >> one of the questions as we talk about this, the dodd-frank, the regulation. >> right. >> passed in 2011 but a lot of it is still being drafted and part of that is this volcker rule. do you think it would have stopped this? >> that's not clear. we're learning it appears it was a bona fide hedge. people say you're hedging against an economic downturn as opposed to hedging against a significant credit risk exposure. we're learning more about that. certainly regulators need to use the powers they already have and morgan chase is a heavily regulated bank holding company, always has. the office of the comp. patroller of the currency, the new york fed are its primary prudential regulators and this certainly presents safety and soundness issues. they changed the model they use that determine what risk is, do regulators know about that. first of all regulators need to use the powers they have already, and second of all you're right, we need to strengthen rules volcker suggested higher capital. at the end of the day capital protects banks from unexpected losses and we have higher capital at the banks. >> i want to get to the point that americans are frustrated with wall street in 2008. >> they are. >> you have senator bob corker, republican from tennessee, some of the regulation according to "the wall street journal" saying congress needs answers. i thought we needed answers a couple years ago, yes we apparently need answers again and calling on questions specifically what triggered this loss, this $2.3 billion loss. obviously that must be a bad sign for morgan, right? >> it is. and i think their ceo to his credit acknowledged they have a lot of egg on their face. this is a serious misstep, not one that threatens the institution or profitability but still a sizeable loss and one that should not have happened. so a lot of people are going to be wanting answers and legitimately so, and i think again as we said it earlier, can anybody really manage these very large, complex institutions, big, big question. >> jump in, guys. >> sheila, it's ali velshi. good to see you again. we spoke on the weekend about this. >> we did. >> here's the thing, as you said, this may or may not have been involved by the volcker rule. you are a republican, we normally associate democrats with wanting to regulate wall street. there is a culture of regulation missing and a quality of regulator that is missing because it's hard to compete with the highest paid minds in the world. that could be more of the issue here. >> i think that's true. this is a basic question of prudential supervision. we've had safety and soundness regulation for banks and bank holding companies for a long time and putting the volcker rule aside this was terrible risk management, a very bad model, one they stopped using and went back to their old model, expected losses doubled. what was going on there? regulators have a lot ofuals to deal with basic safety and soundness issues and we need new rules, i support that but also need to use the powers we already have. >> morgan made $19 billion last year so a $2 billion loss in the scope of earnings, could it be this is just a bad bet, a bad move, maybe volcker wouldn't change it, nothing in dodd-frank changes here and what is lost is a reputational hit for jamie dimon, someone saying we don't need to be regulated more. >> right, that is true, that is part of it. i do think this is a pretty serious loss. again it's nothing compared to the idiotic things we were seeing in 2008, but nonetheless this shouldn't have happened. i think there's probably more piling on than there should be but it raises legitimate issues about theed aquasy of risk management and the ability to manage and regulate the complex several trillion-dollar institutions. >> here is my final question because this is incredibly complex. >> yes. >> bottom line, tell me why americans need to care, we're talking about proprietary trading and morgan and ali, you and i were talking about earlier, this is the bank's money but ultimately they're a government-backed bank so ultimately it's our money. why do americans need to care about this? >> for a couple of reasons. there are broader issues of system stability. we want a safe and sound banking system and the deposit insurance fund, the morgan chase has a lot of insured deposit as do to the other mega banking institution. there's a guarantee for insured deposits and there are good reasons to are that but it creates exposure and risk so from the government exposure standpoint folks should care and also care about a banking system that serves credit needs not just geared toward arbitraging with higher paying securities. we want lending and credit intermediation and want support for the real economy and it's everyone's interest to have a banking system that delivers that. finally from a narrow perspective if you own shares in large banks. >> you care. >> should you wake up? >> you felt it friday for sure. ouch. >> absolutely. they don't have it good, even before the crisis they did not deliver good value. just too big and complex. >> sheila, i want to you weigh in on this, we're talking to elizabeth warren, she's running for senate in the state of massachusetts she's calling on jamie dimon to step down not from his post at the head of morgan but from his board seat on the new york fed. do you agree with that? where do you see him falling in this mess? >> right. i think the government's structure of the fed's regional banks is a real issue. the new york fed is the primary regulator of the large institutions, yet they have industry people sitting on their boards and that's true with the other regional banks so i think this is a larger issue than jamie dimon, one that tried to get fixed in dodd-frank and didn't quite make it. i think jamie dimon is a good manag manager. i think he stumbled badly here, he's acknowledged that. my sense is the focus should be on simplifying the structures and getting better intermediate management, if we can't break them up outright so we have better focus on what's going on in each individual component of the bank. >> sheila bair, i appreciate it, thank you so much and ali and christine appreciate it very much so. the revolving door the corner office at yahoo! still swinging this morning. i'm talking about scott thompson, the fifth company chief executive to be bounced in the last decade. he resigned after just four months. he, remember this, fudged his resume, climbing to have a degree in computer science even though he didn't have one. if you read this morning's "wall street journal" they report before resigning thompson told his board of directors we thyroid cancer and was beginning treatment. a top yahoo! executive ross levinson has been named to replace the company's interim ceo. now back to miss romans for a look at the rest of the day's stories. good morning again. >> good morning again. manhunt is under way for an fbi agent, 100 fbi agents and dozens more law enforcement officers searching southern california this hour for one of their colleagues. 35-year-old steven ivans has been missing since last week. police describe him as suicidal and possibly carrying a gun. authorities in mexico are assuring them civilians are not being targeted there after the gruesome discovery of 49 decapitated and dismembered bodies littered along a mexican highway. the killings believed to be the work of the zeta drug cartel, the bodies were found near the u.s. border with texas. a woman who contracted flesh eating bacteria and had to have her leg amputated now in danger of losing her fingers as well. 24-year-old amy copeland lost her left leg and part of her abdomen after she was infected two weeks ago, she was ziplining over the tallapoosa river when the line snapped. copeland's parents are optimistic about her recovery. we'll talk with them about how she is doing and how this happened, coming up next hour. the dalai lama warning of a possible plot to poison him. he had an exclusive interview with the newspaper "the telegraph." he's been told chinese agents have trained tibetan women to pose as devoteees and approach him for a blessing, they'd carry poison in their hair oir skarvegz. the dalai lama says the plot is not confirmed but highlights his need for tighter security. "the avengers" crushed the competition in box office records taking in more than $103 million in its second weekend. "the avengers" has made, wait for it, now more than $1 billion, billion dollars worldwide. will ferrell returned to "saturday night live" this weekend, and his infamous role as george w. bush, here he is commiserating with joe biden as an angry teenager lashing out at president obama for stealing the spotlight on same-sex marriage. >> i used to catch grief all the time from president cheney. >> um-hum. >> i'd be in the oval office hooking up the slurpee machine, settling into a "charles in charge" marathon, and that penguin would come waddling in and yell "get your damned pants on, we're about to bomb blabity blah, blah, blah." >> i love he came to "snl" this weekend. love him, love him. thank you so much. still ahead on "starting point," the nypd under fire for infiltrating mosques and spying on muslims. why new york congressman peter king thinks lawmakers should be giving the department a medal. also take a look at, this the cover of "newsweek" and all kinds of buzz this rng mo, tmor good, the bad. our panel walking in to talk about this and that and everything in between, ryan, abby and will cain. hello, good morning. so we got a little music. i love this show for the use mus music, this is abby's playlist, third eye blind. about your dog. like the dual-defense antioxidants in our food that work around the clock... supporting your dog's immune system on the inside... while helping to keep his skin and coat healthy on the outside. with this kind of thinking going into our food... imagine all the goodness that can come out of it. just one way we're making the world a better place... one pet at a time. purina one smartblend. one pet at a time. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. er is different but centurylink is committed to being a different kind of communications company by continuing to help you do more and focus on the things that matter to you. i have twins, 21 years old. each kid has their own path. they grow up, and they're out having their life. i really started to talk to them about the things that are important that they have to take ownership over. my name's colleen stiles, and my kids and i did our wills on legalzoom. 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[ male announcer ] ...forbusiness.com. ♪ ha ha! got the mirrors all adjusted? you can see everything ok? just stay off the freeways, all right? i don't want you going out on those yet. mmm-hmm. and just leave your phone in your purse. i don't want you texting, all right? daddy...ok! ok, here you go. be careful. thanks dad. call me -- but not while you're driving. ♪ [ dad ] we knew this day was coming. that's why we bought a subaru. ♪ welcome back. legislation introduced that would punish the new york police department for its controversial surveillance of americans. new jersey representative rush holt introduced legislation and has several democrats under fire. >> these muslim communities were mapped, infiltrated and surveilled simply because they were muslim. profiling is wrong. profiling on the basis of race, ethnicity and religion is a violation of core constitutional principles. >> the amendment was rejected in a party line vote and two new york republicans representatives peter king and bob turner are demanding an apology. they want an apology for the criticism against the nypd. congressman king, nice to see you. can we just be specific, you want this apology. what specifically do you want? >> first of all the nypd is the most effective counterterrorism force in the country, there's 1,000 police working day and night, fighting islamic terrorism and the threats against new york and stopped 13 plots against new york city. to have anyone on the floor of the house of representatives introduce legislation which accuses the nypd of unconstitutional or illegal behavior is absolutely wrong and the fact that the entire democratic leadership of the united states congress voted for that, voted against the nypd and voted for this reckless amendment to me they owe the nypd an apology. the politicians come to new york, want their picture taken with ray kelly and say how good they're doing and when the money is on the line they vote against it. >> this is what representative holt said yesterday, part of his statement, "history has demonstrated that profiling is an ineffective policing tactic that generates resentment rather than cooperation in targeted communities." i just want to point to something else, representative keith ellison, the first muslim elected to congress he testified on the house floor last month about specifically this surveillance tactics specifically of college students. take a listen. >> i was very proud when my son was elected president of the student, muslim student association of his college but i wondered, was my 18-year-old son subject to surveillance, like the kids were at yale, columbia and penn? he's a good kid, never done anything wrong, and i worry to think that he might be in somebody's files, simply because he wanted to be active on campus. >> simply because he wanted to be active on campus, he's concerned about his own 18-year-old. can you understand that concern, understand that perspective, congressman? >> absolutely not. first of all, keith ellison, i get along with keith ellison, he's active spokesman for the council on islamic relations, which is a coconspirator in this country. secondly it's the president's own homeland security adviser, john brennan, bob muller, director of the fbi, the director of the cia, general petrae petraeus. there's not one constitutional or legal violation anyone accused of nypd of. what keith ellison is talking about with the muslim student association, that and other groups when there's any instance or evidence at all there could be an infiltration, somebody in those ranks who is working against the united states, then the nypd has an obligation to look at the groups. this is open surveillance, this is the type of thing which is good police work and i said this before when the justice department was going after the mafia, they went to an italian social club. when they went to the westies, they went to the west side of manhattan. it's good work, entirely cleale and we're catering to politically correctness. that's why i'm saying the democratic side should alive. all of the people are alive in new york because of the nypd. >> what is your position on profiling in general? do you have any problem with it? and two, you're saying that the nypd, the problem with what happened in the house is that the nypd was criticized. is your position that the nypd is completely above criticism, and that they simply can do no wrong? it seems to me that the media has brought some pretty legitimate issues up and that it's not quite right to defend the nypd just unilateralunilate. sounds like what you're doing so could you spooned respond to th? >> first of all there is no profiling. that's the nonsense people like you and others are propagating. >> i'm not propagating anything. i'm saying there are questions raised about what the nypd is doing. >> i'm telling through is no profiling so take that back, there is no profiling. you have no evidence. they use terms like profiling, spying casually and cavalierly and you don't know what you're talking about. i'm saying it would be a legitimate criticism of the media is very warranted but to have this broad-based attack accusing him of profiling, racism, bigotry is absolutely wrong. that's the irresponsible conduct. >> i'm not saying that. >> you're passing it on as if it's legitimate. >> sir i'm saying the media is bringing up issues about profiling. >> they're not legitimate. they're illegitimate. they're irresponsible to make. >> you bring up very valid points, ryan lizzi. >> they're not valid points. they are not valid points. >> we're going to agree to disagree here. >> they're not valid. he can say whatever he wants. he's wrong. >> there you go. let me ask you about what's happened recently in afghanistan, this former member of the taliban now trying to help with the peace process, he was shot and killed in the middle of traffic. the taliban absolutely not denying responsibility but just bigger picture here, what does that say about the peace process they're trying to forge? >> yeah, it shows how difficult it is to deal with the taliban. obviously there can be elements of the taliban that we can try to deal with but it shows the hard core and leadership of the taliban does not want a peaceful agreement which i think then makes it more difficult for the president, who says we're going to leave by a certain date, withdraw troops by a certain date and that encourages more radical elements of the taliban not to cooperate and seek peace so no, this is a bad sign and it's unfortunate because here was a person who was trying to do the right thing and he was infectful by his own people. >> finally, we heard about this and i thought i have to ask but this, the prostitute, the colombian prostitute at the center of this whole secret service scandal, i hear you laugh so i'm going to ask, daniella ludanos-suarez, i hear she wants to meet with you in your office. i hear you said no. do you have any idea why she wants to meet you? congress juan? >> first of all, brooke, there's women all over the world want to meet with me. >> that's why i'm here, i'm asking but this one. >> i have to fight them off. >> let the man answer. 30 seconds, congressman. >> i assume, i'm chairman of the homeland security committee, we are doing an investigation with secret service and her lawyer claims she has information to give me. the fact is it would be a publicity stunt. we checked everything out she's been saying publicly and privately, she has nothing to offer at all. there's been enough cheap publicity over this entire incident so i'm not going to give her another forum, but again, this is something i've had to come to terms with my entire life, beautiful women trying to track me. >> your wife is saying, honey, ixne on this happening in your office please. thank you so much. >> my wife is saying i'm delusional. good seeing you. >> we'll leave it there. congressman king, thank you, a pleasure. love we got a laugh out of you on an early monday morning and great questions by the way, guys. still ahead, "newsweek" magazine, have you seen this cover? >> the halo? >> i missed it. >> getting a lot of heat this morning. they have officially dubbed president obama the first gay president. did they cross the line? we're going to go there and don't forget, watch cnn live on your computer, mobile phone, working out, tune in, cnn.com/live. ryan's playlist, flaming lips, you're watching "starting point." [ male announcer ] knowing your customers is important to any successful business. which is why at wells fargo, we work with you to get to know the unique aspects of your business. we can recommend financial solutions that can work for you that have helped millions of business owners save time, reduce expenses, and maximize cash flow. as the number one small business lender for nine years running... we're with you when you need us. so you can be there for your customers. wells fargo. together we'll go far. ♪ love me some pearl jam. nice job will cain. >> thank you. >> we'll get the mood a little mellow on this monday. >> not so upbeat. >> but we'll take it. good morning. welcome back here to "starting point." so this is the part where you all choose your favorite stories that catch your eyes in the papers this morning. abby huntsman, let's begin with you. >> i'll start with, we were joking about this earlier, my matching green phone cover. i plan my phone cover with my outfit every day. >> you coordinate these of course you do. >> it's embarrassing. >> it is. >> so i found "the wall street journal" today, there was a kumbaya moment between romney and the evangelical group, he spoke at liberty on friday and evangelicalleaders praised him. i grew up mormon and in 2008 it was a big problem for him. this is a big deal for him. i thought why is this happening now and then we were talking about it and now that obama wrapped his arms around gay marriage it's like religion is no longer of much importance and doesn't matter, romney is the voice for traditional marriage that goes above and beyond religion. >> why are you rolling your eyes will cain? >> i think she's gone a bridge too far. i think it's a little too far to say that religion might not that be a big a factor in american politics. >> i don't think she fully said that. >> i'm saying now it's a choice between someone that believes in traditional marriage and someone for gay marriage it's ease why are for them to say let's push the religion aside a little bit. it may be important but at the end of the day we're voting for someone for traditional marriage. >> and it shows up in the polls conservative base of the republican party is rallied around romney, very strong. >> what do you have, sir? >> the story that caught my eye on the front page of "the times" is trees killing people in new york city, literally trees killing people. so "the times" said -- >> hang onto your seats, guys. >> trees are killing us. >> this massive investigation in the last decade ten people have been struck by tree limbs from rotting trees and it struck me as sad as it is and awful as that incident might be, this is not exactly a huge number of incidents, considering there are several million trees in new york city, but -- >> dangerous, old trees. >> -- investigative piece. >> philosophical question or joke falls here. >> if you're hanging out in central park next to a rotting tree. >> i'll talk about evelyn brian johnson died at the age of 102 but they called her mama bird for a reason, because she logged the second most hours of any pilot in american history, 57,635 hours, the equivalent of six and a half years in the air, she made 5.5 million miles worth of trip, equivalent to 12 round trips to the moon. >> mama bird. >> mama bird, 102. flown on to greener pastures. that wasn't scripted. i didn't script that. you like how i did that? >> thanks, you guys. still ahead on "starting point," watch out, because you can get a ticket in one new jersey town. we all text, right? you can get a ticket for careless walking. that's what they're calling it. how is that defined? coming up in our "get real." also children of today may become the first generation to die younger than their parents, yikes, because we're too fat, let's be honest. four-hour hbo documentary all about obesity. what's new? we'll talk to the creator coming up. you're watching "starting point." [ male announcer ] they were born to climb... born to leap, born to stalk, and born to pounce. to understand why, we journeyed to africa, where their wild ancestor was born. there we discovered that cats, no matter where they are... are born to be cats. and shouldn't your cat be who he was born to be? discover your cat's true nature. purina one. discover your cat's true nature. you know, those farmers, those foragers, those fishermen.... for me, it's really about building this extraordinary community. american express is passionate about the same thing. they're one of those partners that i would really rely on whether it's finding new customers, or, a new location for my next restaurant. when we all come together, my restaurants, my partners, and the community amazing things happen. to me, that's the membership effect. good morning, just about half past the hour. let's see what other stories are percolating on this monday. good morning, christine. >> good morning. the defense presents its case this morning in the corruption trial of john edwards. lawyers for the former north carolina senator argued for a mistrial friday claiming prosecutors failed to prove their case. the judge denied that motion. it's not clear which witnesses will be called but edwards is not expected to testify. the senate homeland security commission plans to hold a public hearing later this month to investigate the prostitution scandal at the secret service. it will take place on may 23rd. secret service director mark sullivan is expected to testify. the incident in colombia already cost nine members of the agency their jobs and 12 members of the military are being investigated. uganda says it's one step closer to catching joseph kony. his top commander was captured this weekend in the central african republic where u.n. officials believe kony is hiding. kony is the leader of the lord's resistance army and subject of that viral video kony 2012. he's accused of recruiting schirn children as soldiers and sex slaves. two weeks after his celebrated arrival in the sky, the shuttle enterprise has been separated from the 747 jumbo jet that carried it here from washington. it remained here at kennedy airport before moving to its new home at the intrepid sea, air and space museum. let's get a quick check of the weather, meteorologist alexandra steele joins us. >> good morning. you're along the rain train, the biggest story around the country, all the way from the southeast into the mid-atlantic and the northeast we're going to see between half inch of rain and up to three inches from the catskills down to the smokeys where the heaviest rain will be and the biggest delays around the country with the biggest rain issues, places like new york, philadelphia, atlanta, low clouds and even into san francisco and of course around phoenix as well where the fires are a factor and the temperature today will be in the 100s. that's a quick look at the weather. christine back to you. >> thank you. a growing number of u.s. universities have come up with a unique way of helping students deal with stress at exam time. puppy therapy. schools like emery university in atlanta are bringing dogs on campus during finals. seems to be working. and pet-friendly dorms, pet friendly dorms are becoming more common at schools, too. harvard medical school and yale law school both have resident therapy dogs in their libraries and you can borrow them, brooke, just like a book. >> i mean look i'm the biggest dog lover of them all, i have a pug, i love him but really, come on, kids. study hard. >> the best thing to do well on an exam is not go out the night before. still ahead on "starting point," children of today may be the first generation to die younger than their parents. we keep packing on the lbs, they're overweight. coming up next sizing up the new hbo documentary called "weight of the nation." the big talker "newsweek's" controversial new issue, take a look yourself, declaring barack obama ithe country's first gay president. see the halo? what do you think? you're watching "starting point." 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[ male announcer ] get 1-2-3 percent cash back. apply online or at a bank of america near you. ♪ ♪ that will get you going this morning, a little beastie boys, "intergalactic" that's part of my music library for you on this monday morning. let's talk about this big controversy surrounding president obama's appearance on the cover of the latest "newsweek." take a good, long look with me. what do you think? the headline there at the bottom, declares, "the first gay president." i want to read a couple of comments on the facebook page "very weak, newsweek. you stole one from the tabloid playbook." another one, "worst cover ever. when did "the national enquirer" purchase newsweek." "you are definitely going to go under for this newsweek. canceling my subscription asap." >> their audience wants not necessarily totally balanced but this is a bit extreme i would say. >> they're looking to evoke and they want to sell. >> abby you mean this is too far into the corner of obama? i'm serious. >> just a little bit, obviously. >> you don't like it? >> the first law of "newsweek" covers is there's no such thing as bad publicity. >> they like it, we're sitting here talking about the cover of their magazine. >> of course. and tina brown, the newish editor of "newsweek," one of her skills is extremely provocative covers and she's been doing it for decades and various magazines she edited at "the new yorker" and others, it's very hard, sales are not exactly -- >> "time" is getting buzz for the latest cover. >> it's like a tabloid? >> it's not a tabloid but a way to break through the clutter of the media and it's not easy if you're "newsweek." >> "newsweek" is basically a partisan magazine into the left corner but "the first gay president" doesn't make sense. james buchanan according to historians may have a claim on that. >> president bill clinton called the first black president. do you think "newsweek" will get pushback from the white house? >> no, i don't think so but it is a tabloidish move to sell magazines. ryan said it's like a battle between "time" and "newsweek." i'll tell you this, "time" wins. >> you had friday morning the cover and they called it "the spectrum of light" cover. >> in my humble opinion i think our cover is a little, better, a little more -- >> not that you're biased or anything. >> a little more subtle. >> why do we think the halo? it's almost -- >> that's when i feel it goes too far. >> it's evoking religious -- a statement from "newsweek" saying this is a great achievement. >> glory moment. >> they like that being provocative to people. people will be offended by the halo. if you're not offended by the cover then you didn't do it right. >> they want to evoke emotion. >> i think they did so they were successf successful. still ahead on "starting point" the first images released of ashton kutcher, have you seen the pictures of ashton kutcher as apple co-founder steve jobs in the new movie, you can tell me if you think they look alook. also a cnn exclusive coming up next, a stunning new hbo documentary called the "weight of the nation" how the obesity crisis will change americans' lives forever. how do you size up? >> we don't now take this as a really urgent national priority. we are all going to pay a really serious price. >> obesity will crush the united states into oblivion. fore! no matter what small business you are in, managing expenses seems to... get in the way. not anymore. ink, the small business card from chase introduces jot an on-the-go expense app made exclusively for ink customers. custom categorize your expenses anywhere. save time and get back to what you love. the latest innovation. only for ink customers. learn more at chase.com/ink it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the street from her sister. 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[ male announcer ] wells fargo. with you when you're ready to move. the numbers are absolutely startling. 34% of americans are obese, not just overweight. obese, and that number is expected to grow to 42% by the year 2030. so this new documentary, this four-part, four-hour documentary really issuing this wake-up call, called "the weight of the nation." there's a book as well but this four-part series begins airing tonight on hbo. >> if we don't now take this as a really urgent national priority, we are all going to pay a really serious price. >> obesity will crush the united states into oblivion. >> joining me is john huffman, executive producer of the series and dr. judy salerno, helped to write the book as well, welcome to all of you. i have to ask, there is so much out there about obesity and you have americans sitting, you know, in their chair with the remote control eating their twinkie and thinking why do i need to watch this? so many people's eyes glaze over when you say obesity. why should we care? >> we should care because it's a crisis in this country. we are telling people to lose weight. people know they should move more, eat less but it hasn't been working and there are reasons why it wasn't been working. >> one thing as i eat my chicken sandwich with my fries that take up three-40s fourths of the pla portion size. even the size of the plate has evolved to be larger and we want to eat it all. >> yes. >> we have an economic system that enables that. >> how do you mean? >> well, we're subsidizing a few primary crops, corn, soy, wheat, rice. and the price -- >> the bad stuff. >> the bad stuff, and we're producing way too much of it, and that's what's shaping the american food economy, it's shaping what we're eating and then it's shaping us. >> in the documentary we talk about kids walking around with our phones, we have multiscreens. at times they're undermining and here is the piece that shows that. >> our generation is grown up drafing a big mac. >> we have built a big model. >> it's hard to combat against what the tvs is telling to you buy your kids. >> the kind we eat is the kind most profitable. >> where does theparents, you k sure the kids don't grab whatever is bad for you, cereal because of the ad here she saw or the advertisers? what? >> the advertising shapes are desires and cravings but the parents are the gatekeeper what should be coming into the home. 98% of the ads that children see are for foods that have been deemed unhealthy for them. so we're not promoting health and we're not helping parents when we're just saturating the children's viewing experience and they are watching on average 7.5 hours of television on their screens a day. >> these two gentlemen have little ones at home. are you ready for this? >> yes, absolutely. my wife has done a wonderful job of putting the right foods into our kids' mouth. in the end that seems to me to be the major factor. sooner later, someone does this. they pick something up and bring it towards their mouth and it's a personal responsibility. i'm curious from bong both of your perspectives. do you think personal responsibility has been almost attributed as the final factor in this? >> i think we need to start thinking about the obesity crisis as more than a failure of personal will. it's really an issue where everybody, rather than thinking about blame, everybody has to take responsibility for solving it. so we have -- you might feed your kids good foods at home and they go to school and can go to a vending machine and get a coke. >> it's like the whole picture. >> yeah. >> we all have to be responsible at all points in time. i like how you say your wife is feeding them nicely but not you. >> i have a 12-year-old sister and 6-year-old sister. they go to school and who knows what they are getting at school. how do you change their mindset when they go to vending machine they think i don't want to get that because i know that's unhealthy for me or i know that long term that is going to be bad? but what will we see in this documentary will ingrain in their minds when the kids go to school it's beyond just feeding them something healthy? >> you have to change the environment. i think that is one of the key messages. that it's not enough to change one thing. we have to attack this on many different levels and they are all important in order to really concustomer this problem. >> this happened over the past 30 years. it's come on fast and it's come on quite furiously. and i think that when we look at the health care costs, right now, 192 billion dollars a year year. in six years, 300 billion dollars a year. really we have to really ask our questions, ask ourselves this question -- are we really better than this as a society? do we have the capacity to think our way out of it? and it's going to require really a renovation of our lives and the world we live in. >> and our thinking. >> it's also where you live. i thought it was interesting in the documentary a correlation between your weight and your life expectancy. not just your genetic club. >> we have found the greatest disparity in life expectancy. this is an inner city neighborhood and eight miles down the road is a city with the life expectancy close of 90 years. >> is that saying with if you're living in the city you're up against tough odds? >> clearly those are related to health and the obesity issue, but it's not -- used to be much more in low income neighborhoods. not any more. it's affecting all levels of our society. >> you guys are really taking on the food and beverage industry in this documentary. i mean, right? that is at the core of this? the advertising and the crops that were subsidizing, right? that is the root cause you guys are starting with. what was it like taking them on? what was the blow-back from that industry when you're doing sort of an investigative piece about them? >> well, we have a key person who is part of the film. his name is phil marino and former chairman and ceo of quaker oats andpepsico. he released a report making a whole series of recommendations about all of the sectors that really need to be looked at if we are going to solve the problem. phil marino say you have to engage in industry and have to be at the table. if they don't have skin in the game we are not getting anywhere because we are eating far more than we can exercise our way out of the problem. the overconsumption. 300 calories a day is a lot of exercise to exercise away those 300 calories that, on average, we're overconsuming. so industry has to be at the table. but they have got to recognize that the long-term cost for the nation are really significant. one interesting -- >> and our children. >> our children. >> our children as well which is a huge point you make. it's comprehensive and you also tackle solutions. the consequences of children ask the solutions and i like how it ends on a sense of optimism and how we get there, how we get there. let's remind everyone the four-part documentary called "the weight of the nation" debuting on our sister network hbo. so watch that on hbo. we thank you both. >> thank you. ahead, her name is amy copeland, a georgia graduate student who went zip lining with a friend and, somehow, contracted this deadly flesh eating bacteria. she has also lost her leg and fears she may lose more limbs. we will talk to her parents coming up. also he said what? did you hear this over the weekend? senator paul under fire saying he wasn't sure president obama's views on marriage, quote, could get any gayer. yep, that's what he said. was it a joke? what did he mean by that? we will play that for you and let us know what you think. you're watching "starting point" here on this monday. e wheels tu. use our strength & stability to open new opportunities. to lend, and lift ...every business...every dream... to new heights of prosperity. good things are happening. just look up. with u.s. bank. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ securing a world of new opportunities. (sfx: car garage sounds) today my journey brings me to charlotte, north carolina, where i spent the day with geico driver casey mears. i told him the secret to saving money on car insurance. he told me the secret to his car setup. first he adjusts... first he adjusts... (sfx:engine revving drowns out gecko's dialogue) then he... then he... fx:loud drilling noise continues to drown out gecko's dialogue) then he... .and a quarter cup of neapple juice. or was that the secret to his barbecue sauce? hey, "secret" sauce. geico®. fifteen minutes could save you fifteen percent or more on car insurance. i'm brooke baldwin in for soledad o'brien. they lost 2 billion in a trade and this morning, a lot of people at jpmorgan could be paying for it really with their jobs. elizabeth warren says there is a huge problem here with the company's ceo jamie dimon. she will join me live to explain what he is calling for and what this means for you and your money. plus, frightening one here. this 24-year-old graduate student is a fighter, loves the outdoors. she went zip lining and now she is the victim of a flesh-eating bacteria. she is fighting for her life and she also lost her leg at the hip and word her fingers could be next. we are going to talk to her parent live this morning. and we are doing a little math here. are you smarter than an eighth grader? i don't know if you're smarter than one specific eighth grader we will have on the show. we will introduce you to the winner of a national math competition as we had you him and a member of our panel here this morning, surprise! to the test. yep, we are doing math. it's monday, may 14th. "starting point" begins right now. ♪ >> if only everyone could hear everyone mentioning what we think of everyone's song. this is the chili peppers. i saw them live. amazing. welcome, everyone. ryan is a washington correspondent of "new yorker" and will cain and abby huntsman are joining us this morning. welcome, all of you. let's move on and talk money. our starting point here, a big shake-up for calls for congressional hearings this morning after jpmorgan reports a stunning $2 billion dollar loss. it happened week. three executives are expected to resign and bloomberg is reporting morgan really entire chief investment office in london could be let go. the traders are raising some serious questions here about whether the country's biggest bank learned anything from that financial crisis all of four years ago. also we are asking what happened to all of those laws? right? the regulations that were supposed to prevent something like this from happening. well, a lot of those rules created by the dodd/frank bill are not in place two years after passage. ceo jamie dimon acknowledging it could give members of congress to tighten any loopholes. >> have you given regulators new ammunition against the banks? >> absolutely. there is a very unfortunate for this kind of mistake. >> dimon sits on the board of the new york fed which regulates the banks. we spoke with former fdic chair when i asked her whether dimon should resign from that board. >> i think the governance structure of the fed's regional bank is a real issue. the new york fed is the primary regulator of these large institutions, yesterday they have industry people sitting on their board. >> i want to bring in elizabeth warren, a democratic candidate for u.s. senate in massachusetts and leading this call for dimon to step down and she is a consumer advocate and credited with creating the idea for a protection bureau. thank you for joining us. i want to begin you're coming forward and you're calling specifically on jamie dimon to step down from his post on the board of the new york fed. why step down? >> well, this is about accountability. you know? the banks have been loading up on risk and they don't want to be accountable. jamie dimon not only is ceo of jpmorgan chase, he holds this position of public trust, advising the new york fed on how to regulate risk for these large financial institutions like his own financial institution. >> do you think that's a conflict of interest? >> it's not just conflict of interest. it's a real point about attitude here. and this isn't personal to jamie dimon. it's what has been going on ever since dodd/frank passed. there has been a guerrilla war out there in which the largest financial institutions have been doing everything they can to make sure that financial regulations don't get put in place and if they do get put in place, that they are loaded with loopholes and not very effective. you know, there is a lobbying army hired by these financial institutions because they really don't want to have any oversight. they want to take on risks, however they want to take a risks, you know, and let the rest of us deal with the consequences with anything goes wrong. >> you say it's beyond a conflict of interest. i spoke with shealy bair. i asked her is this a frightening deja vu of all of us. have we not learned our lesson from the financial crisis of 2008. take a listen what she told me. >> i think it does underscore that even with very good management, these institutions are just too big to manage and especially when they are dealing with very complex instruments, trying to hedge risk and very large securities trading books, even the best of managers can stumble. and so it does, i think, requ e require -- suggest smaller, simpler institutions, ones that have more focused management on particular business lines. >> do you, elizabeth, agree with her that she's financial institutions are just too massive? too massive? >> we were talking in 2008 when i was doing oversight work during the big crisis about how there was too much concentration in the banking industry and here we are four years later and there is more concentration in the banking industry. you know, it's a combination -- the problem is a combination of size and attitude. they are too big. there's too much power concentrated in just a handful of institutions. but it's also that they have the attitude of leave us alone. we will manage our risks internally, we will take care of it all ourselves and we will come back to you only if things go wrong and we need some help and we need a bailout. we can't run an economy that way. we can't run a country that way. we have to stand up as a people and say no more of this. no more. >> so we stand up. we say no to the attitude, according to you and that these banks are too big. i want to point out what paul krugman wrote in "the new york times." the key point is not that the bet went bad. it is the institutions playing a key role in the financial system have no business making such lets least of of all when those institutions are backed by taxpayer guarantees. does the dodd/frank, the financial reform and also the vocal rule specifically do you think that would have stopped this 2.3 billion dollar loss from happening? would that do enough to protect our money, taxpayer money? >> well, here's the key point. dodd/frank was itself a compromise, and, right now, the main provisions of dodd/frank, particularly around the vocal rule, have not yet been implemented, so we keep talking about how to make it weaker and weaker. and that is what it is that the largest financial institutions, led by jpmorgan chase, have been fighting for all along. >> do you that would have changed anything because volcker rule goes vocal. had this not happened would we be talking about this? >> the volkcer would have helped. is it enough or do we knee more? i believe we should have boring banking. that banking should be the part that's about savings accounts and checking accounts and our money system should be separated from the kind of risk taking that wall street traders want to take. that was originally what the glass-steagall act was about and repealed in 1999. an effort to get it into dodd/frank in the 2010 bill. that effort failed. i think we really do need that kind of separation. we need to go back to boring banking. the people who want to take risks need to take risks with their own money and do it somewhere else, not in the banking system. >> potentially as a result of all of this according to bloomberg news they are reporting this morning the entire london jpmorgan chase, the chief investment office, may be dismissed. obviously, jamie dimon could be at risk here. i think the problem is from moving people from key positions. what is the solution? >> well, the root of the problem is the largest financial institutions don't want any government regulation. and washington is a place where money talks. and wall street has plenty of money to spread around. they have hired a army of lobbyists to make sure the rules are friendlier to wall street than the rest of the country. as a consequence of that it's a case of middle class families getting nothing, where the taxpayers are the ones who are left behind to pick up. and, yet, the largest financial institutions are the ones who are wiring the laws. that's not going to work for us. it puts too much risk at the system and it risks our jobs, our pensions, our entire economy. we can't keep doing this. >> you're running for senate of massachusetts. >> i didn't. >> you are running against incumbent senator scott brown who is calling your credibility into question with your claims repeatedly of your native american ancestry. i want to quote him. quote, her changing stories and contradictions and refusal to answer legitimate questions have cast doubt on her credibility and called into question the diversity practices at harvard. how do you respond to that criticism? >> you know, i'm proud of my native american heritage. i'm proud of my family. it's now the case that people have gone over my college records, my law school records, every job i've ever had to see that i got my work. -- got my jobs because i do my work. i work hard. i've been a good teacher. but i think what this is really about is that the economy, middle class families, working families are getting hammered and wall street wants to change the subject, scott brown wants to change the subject, washington wants to change the subject. i think that's the real problem here. you know, this election really is going to be about a choice and scott brown has been called by "forbes" magazine, wall street's favorite senator. i've been out there fighting for working families. i've been fighting for some accountability on wall street and accountability in the financial system and i think that's what this really is about. >> elizabeth warren. >> we need to talk about what kind of changes we need. >> i understand. elizabeth warren, as we mentioned you are running for senate in the state of massachusetts. thank you for joining me this morning. i appreciate it. >> thank you for having me here. >> let's go to christine roman with some of the other top stories on this monday. four months after taking the corner office at yahoo scott thompson has left the building but there may be more to his linin resignation. he told the board of directors he has thigh lloyd cancer and beginning treatment. ross levinson will be named the company's interim ceo to replace thompson. ron paul son, rand paul, taking criticism from his own party from a comment he made about the president's support of same-sex marriage. listen to what he said friday during a faith and freedom coalition meeting in iowa. >> the president, you know, recently weighed in on marriage and, you know, he said his views were evolving on marriage. call me cynical, but i wasn't sure that his views on marriage could get any gayer. >> that comment drawing quick criticism from the family research council tony perkins as well as republican national committee priebus. >> mitt romney booed off the stage this weekend after a republican party delegate convention in arizona. josh romney was trying to solidify support for his father's nomination but listen to paul's supporters. >> make sure that it says paid for romney and that it's green. i appreciate your support. thank you so much. >> josh romney's speech was interrupted several times by boos and had to cut his presentation short. look at ashton kutcher as steve jobs. he is playing steve jobs in an upcoming film. steve jobs on the left and kutcher on the right wearing the iconic black turtleneck and this was posted by tmz. it is tentatively titled jobs. >> i see it now. >> i kind of see it too. black turtleneck helps. >> exactly. does it all. christine, thank you so much. still head on "starting point," what a story this is. she contract a deadly flesh eating bacteria. she lost a leg and might lose her fingers. coming up next, the parents of this georgia graduate student, her name is amy copeland. they will join me coming up next on her fight to survive. caught in the act. we have all seen and laughed at some people doing stupid things while texting including walking in the fountains. remember that viral video in one new jersey town making it a crime. good or bad idea? 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[ male announcer ] get 1-2-3 percent cash back. apply online or at a bank of america near you. ♪ a 24-year-old graduate student fighting to survive after contracting a flesh eating bacteria. amy copeland is a master student at west florida. she was just out, zip lining with friends, about 50 miles west of atlanta, little tallapoosa christopher when cher zip line flashed and she had a major gash in her leg. emergency doctors used 22 staples to close the wound. she was sent home but then she went back to the emergency room with she was diagnosed with a flesh-eating bacteria. she has lost part of her leg. her parents are joining me from the hospital in augusta, georgia, where their daughter aimee is being treated. i'm so sorry to hear about this. welcome to both of you. first, most importantly, how is your daughter doing this morning? >> well, brooke, we haven't seen her this morning. we saw her last night during the last visitation hour and her spirits were strong. actually for the first 30 minutes she slest very peacefully and then she' woke and as she normally does, she asks where is she and she wanted to know how long she had been there. it's interesting. they give her medication to her her forget and why we hear the same questions over and over and it's to be expected at this point. >> donna, does she understand what has happened to her? i don't know if she is in and out of consciousness. your husband mentioned medication. what kinds of things is she asking for when she is awake? >> as andy said, she is repeating the same questions because she forgets from one time to the next. but her main question is, you know, it's scary to her where is she, you no sknow? she doesn't understand. the main question is where is she and she is thirsty. just normal questions like that. >> what is the status on -- i understand it was her fingers potentially that would have to be removed. what is the status there? >> well, you know, that's something that is just being evaluated day-by-day. the doctors are doing the best they can to try to save as much of her extensions, her hands as they possibly can, and literally. day-by-day or even hour-by-hour, so i really don't want to go into a lot of detail on that because the medical staff here are just doing everything they can for our daughter. >> i'm sure they are. >> i do want to thank them for that. >> i know you have been blogging and calling this miraculous. she loves the woods and study in graduate school. how difficult is it to watch your little girl suffer like this? >> well, you know, we really don't see the suffering side of it. we see the miraculous survival and that is really, i think, where -- i think that is the story that has inspired us and the story has that has inspired i think the nation at this point. just to give you a little evidence of that fight that she has, last night, one of the things that she asked and she was really worried about her thesis. >> her thesis? >> she is -- yes, her thesis at the west georgia university. when we told her how long she had been at the hospital, her eyes just widened in horror. she goes, i've got to work on my thesis! this is a lip reading exercise that we had to get from her. so i assured her at that point that dr. rice at the university had put all of her course work, everything on hold and that she would be able to complete it in due time but there was one other thing that horrified her. after we assured her of that, her eyes grew big again and we couldn't understand what she was saying. we called the nurse in who is a little better at lip reading' the nurse looked at her lips and at aus us and i think they is saying job. i said, amy, are you worried about losing your job? she nodded her head because she is not working. i want to tell all of the people at sunnyside cafe she is worried she is going to lose her job there. we were actually speaking to a nice young man, josh, i think, this morning, and he assured us she is going to have a job. >> don't worry about the job or the thesis for now. we want to hear amy getting better. quickly here. i've been on a zip line. is there anything we can learn from this? >> you know, i would just say be careful. don't go on a homemade zip lines. only use professional zip lines. the only thing i can say. i've done a zip line before in costa rica but it was a professional zip line that had a safety harness on it. >> no homemade zip lines. andy and donna, we thank you and we are thinking about aimee and wish her a quick recovery. >> thank you, brooke. >> thank you. still ahead here on "starting point," where you can now get a ticket for texting while walking. yep, i said a ticket. it's next in our "get real." 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[ telephone rings ] [ male announcer ] in a small business, technology is all you. that's why you've got us. at the staples pc savings event, for a limited time get up to $200 off select computers. staples. that was easy. all right. time to get real this morning. we know texting is a little bit after dangerous distraction while driving obviously. police in nnel have set their sights on careless walking they call it. people with their faces, you know, like this. like buried in their smart phones. not that we see that anywhere around cnn. >> never done that. >> not me either. if you are fined while texting, 85 bucks. >> i got almost taken down over the weekend. >> taken down? >> in new york city. i was walking and this girl was on her cell phone. you deserve to get a ticket after that. >> slap that ticket on her. >> you got to get the new google glasses and you won't be able to tell. >> talk about distracting. you're texting and taking pictures and listening to music. amazing. let me know what you think. tweet atbook at cnn. >> i think jersey has bigger problems. new information that our country's charters schools are very lopsided when it comes to race. where are the white students? we are talking to steve perry about that next. the man who has been to 600 tapings of "saturday night live," the super fan now with the dolgolden ticket is coming live. nce teacher helped us build it. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller. over the last three years we've put nearly 100 million dollars into american education. that's thousands of kids learning to love science. ♪ isn't that cool? and that's pretty cool. ♪ that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes. put their kids through college. retire how they want to. ameriprise. the strength of america's largest financial planning company. the heart of 10,000 advisors working with you, one-to-one. together, for your future. ♪ ♪ welcome back to "starting point" here on this monday. christine romans, what is going on today? authorities in merxico assuring the public civilians are not targeted after a gruesome discovery of 49 decapitated and dismembered body litterer along a mexican highway, 80 miles of the border on monterrey. >> lawyers for john edwards order for a mistrial on friday. they say prosecutors failed to prove their case. the judge denied that motion. no not clear which witnesses is called today but edwards is not expected to testify. this week's smart is the new rich greece. a tiny economy about wig problems will hurt your 401(k) today. greece failed this weekend to fail a government after elections a week ago and stocks in europe down sharply this morning and so are futures here. the worry now is greece could be force to do leave the euro zone and stop using the euro as its currency. it would be fought with peril. using it would favor greek exporters but what good is that if the economy is destroyed? the country would be deeply in debt and the rest of europe left to do business with greece. it means uncertainty in your 401(k) and it means europe's crisis is not over. the euro zone the single u.s. fire of u.s. exports and it matters to american factories and workers and employers today. one member of the european central bank's board said of the possibility of leaving the euro, quote, it is not necessarily fatal but it is not attractive. there you go. >> christine, thank you so much. a question for you this morning. are america's charter schools becoming segregated? right now more than 2 million kids are enrolled in charter school about 4.5% of the country and it's an increase of some 13% from, you know, just two years ago. so among those students, 32% african-american. think about it. that is actually just about twice as many are enrolled in regular public school and almost three-quarters of those black students attend a school 90% of the student body is nonwhite. steve perry is our cnn education contributor and founder of the capital prep magnet school in hartford, connecticut. good morning, steve. wow. when you look at these numbers in this, is it a trend? why is this happening? >> one of the reasons it's happening is because the children who are choosing charters schools don't have the best education opportunities in a nearby neighborhood. they choose the schools they feel will give their child the best opportunity to fulfill what is their true potential. many of the families choose charter schools and overwhelmingly they are people of color. >> i mean, you bring up the word multiple times, choice, right? you have the word segregation but then you also have the word choice and a lot of these parents want what is best for their children and in a lot of cases in this country, that means charter school. >> right. is there a fundamental difference between choice and segregation. meaning that someone can choose, a woman can choose to go to mt. holy oak or any of the other seven sister schools and we wouldn't consider that segregation anyone someone going to morehouse college in atlanta a school for african-american men. however, segregation has as its cora limit. meaning you don't have a choice and you don't have options. we at capital prep are magnet school and we are designed to integrate. we are designed to -- >> you dealt with this firsthand. was it last year? you had to reach a certain quota. you had too many young black girls and boys and you had to hit that 27% quota. tell me about the efforts you had to go through to do that and was it worth it? what is the benefit? >> we had to convince white people to come to a very good school in the hood. i mean, it's just that simple. we had to say we have a school that as good as any other. we had to work our behinds off to recruit white kids and that simple. because what we are here to do is here to provide an integrated education. some would ask if your school better? if you ask us from a test score perspective has our school been better we become more educated? the answer is no. are we better as a school because we provide a more rich academic experience, i would say yes. >> you want to be surrounded by people who are of a different ilk, who are different from you. you learn from those kids. you don't necessarily want to be sitting around with people that look just like you. >> well, one of the reasons why we have a school that is so largely african-american and latino in connecticut there are many segregated suburbs and many african-american families who moved out to those are the suburbs are one of only one or two families that african-american community. when they see a school like ours as an option they choose to send their child to a largely urban school. for them it's a choice as well. we have to look more at the nuances around race and class and what it means to be integrated. because inted grated isn't just a color conversation, it's a cultural and ethnicity and geographic and economic conversation. when we look at what it means to integrate a school, do my children who are african-american and come from an educated household integrate a low performing largely african-american school? i'd say yes. because both of their parents are educated. >> bottom line, 15 seconds. isn't what matters most the level of education that your child is receiving no matter where he or she is? >> i believe that it is. i believe that ultimately you have to decide what type of school fits your children's needs best. >> steve perry, thank you. have a great rest of your monday. >> thank you. still ahead on "starting point," live from new york, it's lewis klein! meet the super fan who has been going to show tapings, folks, since 1975. now he has a huge honor from the show for his dedication. we will ask him what is all about coming up on "starting point." great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. fore! no matter what small business you are in, managing expenses seems to... get in the way. not anymore. ink, the small business card from chase introduces jot an on-the-go expense app made exclusively for ink customers. custom categorize your expenses anywhere. save time and get back to what you love. the latest innovation. only for ink customers. learn more at chase.com/ink but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i'm so sick of the way presidents are writing me. i'm an di utility. >> hey, i've been there. i've been there. i used to catch grief all of the time from president cheney. i would be in the oval office hooking up the slurpy machine and settling into a "charles in charge" marathon and he would come in yelling get your damn pants on, we are about to bomb dibbly blah, blah. >> that was on saturday this past weekend. in case you missed it one man at that show has seen "saturday night live" in person more than 650 times. he is louis klein. he attended a rehearsal of the first-ever episode of "snl" hosted by george carlin in 1975. he has been going back nearly every single week since. the show appreciates his dedication so much, they have now given him the first-ever permanent golden ticket, if you will. louis, good morning. >> good morning. >> i know you have to be counting. we keep saying more than 260. how many "snl"s have you been to? >> 665. >> 665. >> yes. >> why do you keep going back? >> i love it. >> what do you love about it? >> it's not out of something to do on a saturday. i went to the first show and i tried the second week. it didn't work. i didn't get it on stand-by. i went to the third week and kept going each week. everything was fine. i kept going in and it was a lot of fun to see. everything is different. every week is different. every week a different host. fine. >> i've never been in person. tell me what i'm missing. what is it you see that me sitting at home in my sweats on a saturday night. >> believe it or not, the awesomeness of the studio. you see a hundred people walking on the floor in this maybe 1 hundred by 200 area. >> it's small. >> it's small. and what are they doing? they set up weekend update in about a minute. >> wow. >> i actually was able to go twice and it is so fascinating to see how quickly the sets change and just how talented the actual actors are. they can jump from, you know, doing an impression from one person to the next so quickly and they kind of get in in that mindset and it's true talent at its best and it's such an interesting experience to watch. >> speaking of that talent, louis. you've been there since the '70s. and seen all of the live performances. who is your favorite cast member? >> oh, boy. la toya jackson was the first one i really got in and met very nice nicely. she was a little skeptical of her parents on the show. she said -- she didn't like it at first. if she remembers me when -- when she actually said that to me, i apologize to her for bringing it up. however, she said that she didn't care too much for it because her schedules got cut. later on that week, there's an "snl" first. >> what was that? >> where the sixth game of the world series between the mets and the boston red sox. >> 1986. >> went into extra innings and bill buckner made his error. they called "snl" to not be aired that night even though they started taping it at 1:00 in the morning. >> you were there that late? >> this is already sunday morning now. we watched the game. we watched the game in the studio. >> i was actually at that baseball game in 1986. >> there's a lot of footage that a lot of people don't see. because my dad did it. i was able to see the dress rehearsal and i saw the actual show. there is actually a lot they don't end up using. a lot of great material that just gets cut. like commercials they make you think, i wish that many people could see this. >> i heard you met your wife through "snl"? >> yes. she started to e-mail me in 1999. >> over your love for late night funnys? >> she comes from the denver area out in colorado. she e-mailed me and she asked me to do something. she asked me to give a letter to a cast member. i told her, well, i don't really do that because -- >> you made an exception. >> i would be the post office for the cast and i really didn't want to do that. i want to respect them too. it turned out i read the letter and i tried to explain what she was asking chris to do. that it probably wouldn't happen. that she actually asked him to call her. i figured she was a 16-year-old die-hard fan and i found out she was a little older, 23 at the time. and because of my disability that i have and i found out later on that she was born without ears, but she hears well. it fascinated me also by watching, i say how can you hear me if you don't have ears? >> because of that you ultimately met and married. you had some "snl" personnel at your wedding. enjoy your golden ticket and maybe if i'm lucky enough, abby will take me there also. >> the rest is history. i appreciate it, louis. let's keep talking through the commercial with louis, the lifetime member of "snl." it's nice to meet you, sir. we have to talk math. are you smarter than an eighth grader? one is put to the test along with one of our lucky panelists. look at him go practicing already! 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[ male announcer ] ask your doctor if chantix is right for you. 60 seconds here for the "the end point." moo will cain, the loser in the math competition. >> i was a loser. chad was a bad dude. i did cheat. obesity problem in the united states i want to put this problem into context and say it might be a good problem. the first several thousand years of human existence were marked by a search for calories and now the last 30 years we have arrived at a place where 68% of us are fat. >> i would talk about the jpmorgan loss. we keep saying it's just another example of banks being tooig

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