anything else that we want to keep out of society. it s unbelievable someone managed to escape with $136 million worth of jewelry. in broad daylight. why wasn t there more security? that is the question of the day, anderson. prosecutors are saying there was security present during the time of the heist, though that security was unarmed. they re also saying this was meant to be a temporary exhibit here at the hotel, said to expire in august, so the security in place one can assume was temporary. neither the hotel or the dimon house are saying much more than that. it s pretty interesting to take a wuk through the lobby of the carlton hotel. you would never know that this kind of heist happened yesterday, it was very much business as usual. there was even jewelry on display in the lobby. diamonds and sapphires as well as fine furs for sale. i d have to say pretty low key looking security, although that exhibition in question, the leviav diamond exhibition was closed today. that s incr
right now. good morning, welcome, everybody. our stastarting point this mor is day four of the jerry sandusky sex abuse trial with three victims set to take the stand. the prosecution is moving at a rapid pays. the state is expected to rest tomorrow. cnn susan candiotti is live at the courthouse in bellafonte, pennsylvania this morning. good morning. three more alleged victims are expected to take the stand today and tomorrow before prosecutors wrap up their case. among them, we expect to hear from one youngster, back in 1988, her mother went to police after she discovered her boy had been showering with jerry sandusky. charges were never filed in this case, but the mother said the little boy was naked, jerry sandusky had bear hugged him and she was worried he might have touched some of his private areas. charges never filed in this case, however, police did eavesdrop on jerry sandusky and they said he told them this, quote, i understand i was wrong. i wish i could get f
were you afraid that people if you told them, would maybe feel sorry for you or pity you? well, that s why i didn t i never really, like, went to like the public about it because i didn t want people to feel sorry for me at all. i literally never thought i would make it this far ever. and so for me, every week was like a oh, wow. oh, gosh. we did it. yea. we re here another week. i proved that i have enough strength to finish what i start to do. and looking at it next week. the wall street journal has an article out today pretty much blasting mr. dimon from jpmorgan chase about what he knew about those losses. check that article out. on a lighter note, 20 years ago, joey buttafuoco case, the long island lolita case. that happened 20 years ago. it s incredible that was in 1992. i didn t think it s been that long. also this weekend something
amounts. if you are going to trade in big amounts you are going to lose big amounts. shep: the value on wall street has plummeted. stock price is down more than 13%. it s rebounded a bit today. geri is with us. what did we hear from the meeting that moved stock prices up? dimon continuing his apology tour and he wasn t holding back when it came to his defense. it is flawed and poorly vetted and poorly executed. it should never have happened. but mistake was self-inflicted. so shareholders are talking about removing him out. chairmanship or chief executive role but they did talk about splitting those jobs. only 40% of shareholders wanted to do that. shep: how might it affect of more regulation? we re going to have more calls for regulation. tim geitner is calling for that.
regulations? my take is no. you need the big banks. it is a global economy. more regulation is not going to stop this type of thing. are you going to have the banks waiting for these issues to happen. jp morgan the largest banks out there we take notice of it. everybody wondering is their own bank account safe? they have a trillion in the accounts. as long as it is insured you can check the ratings and reviews of the bank. not to worry too much. this is just something that has happened to jp morgan it s a big number but it is as dimon said self-inflict self-inflicted. jp morgan an investment option for some people. what are we expecting to see on wall street now? obviously took a big height