i wanted to have shirley temple curls. and this is piers morgan tonight. good evening, i m harvey winestein filling in for piers morgan. when piers asked me to do this, i thought he was kidding. he wasn t. so i went to one of the smartest people i know to ask for advise, oprah winfrey. she said if you re nervous, tell people you re nervous. i am a little nervous, but i m also very excited. i m a friend and such porter of bill clinton. it s my honor to introduce my next guest, the 42nd president of the united states, william jefferson clinton. the things i do for you. you re so comfortable, mr. president of people. how do you do that? you look them in the eye and forget about what else is going on. an area that i am comfortable with is talking about movies and i know you re a great movie fan. over the years we have watched a lot of movies together. what is your favorite movie, mr. president? well, the first movie i ever saw more than once was high noon and i wa
and this is piers morgan tonight. good evening, i m harvey weinstein filling in for piers morgan. when piers asked me to do this, i thought he was kidding. he wasn t. so i went to one of the smartest people i know to ask for advise, oprah winfrey. she said if you re nervous, tell people you re nervous. i am a little nervous, but i m also very excited. i m a friend and such porter of bill clinton. it s my honor to introduce my next guest, the 42nd president of the united states, william jefferson clinton. the things i do for you. you re so comfortable, mr. president of people. how do you do that? you look them in the eye and forget about what else is going on. an area that i am comfortable with is talking about movies and i know you re a great movie fan. over the years we have watched a lot of movies together. what is your favorite movie, mr. president? well, the first movie i ever saw more than once was high noon and i was still living in hope arkansas, i was 6
a percentage of assets against gdp, the four and five biggest banks in the united states are bigger now than they were prefinancial crisis. so if they were too big to fail before, then it s 100%% guaranteed they are too bigger to fail now because they are bigger. and we have only gotten larger and the concentration we talk about the 1% a lot in terms of individual wealth. the concentration of assets and capital at the top of the banking spectrum is now more concentrated at the very top than it was a few years ago. of course, regulators would like to do something about that although the dodd-frank bill, lukas you probably know is what, 2300 pages and counting. the volcker rule which is not even in place yet is a couple hundred pages and counting. i mean, who knows what s going to be in there because the lobbying is pretty hard on the banking side, as well. there has been a move to weaken it as each house and senate vote goes on and on. one question i want to ask you,
same-sex marriage dominated the press s week, suggestions he might have taken part in a bullying incident in high school complicated mitt romney. the two got back to their central cha challenge debating the economy. the president was in nevada, key to his 2008 win, but a toss-up because of high unemployment and a housing crisis. he defended his record and said, governor romney has it wrong. we want to cut more taxes, especially for the wealthiest americans. they want to cut back on the rules we put in place for banks and financial institutions. they have said they want to let the housing market hit bottom and hope for the best. that s it. we have heard those eye yas before. that s their economic agenda. i ll be honest with you. i don t buy it. i think they are wrong. it was battleground north carolina for governor romney. the president also won there four years ago. we are leaning republican maybe even this time. as he made his economic case, governor romney also suggeste
good evening, everyone. i m erin burnett. outfront tonight, warning signs ignored. the fallout swept around the world today from america s biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan s shocking trading losses which 0 could be up to $3 billion and the credit rating agency fitch slapped jp morgue win a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america s most well-known banker was taken by surprise. here s jamie dimon one month ago responding to confess about bad trades and his risk management unit. it s is a complete tempest in a teapot. sophisticated, complex things. at the end of the day that s our job. envist that portfolio widely and intelligently over a long period of time to earn income and to offset other exposures we have. well, here he is last night when it turned out that temp it was anything but. these were grievous