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Detailed text transcripts for TV channel - MSNBC - 20120512:13:48:00

first, a quick update on what we learned last week about dodd-frank. we learned on thursday that jpmorgan chase lost $2 billion, that s billion with a b, from the derivatives trading desk. jamie dimon has been the vocal rule of which is still being fought. in which properly implemented would have saved jpmorgan $2 billion by preventing them from engaging in those trades in the first place. the securities trades commission says it is focused. so what do we know now? we know that the president s evolution has brought him to the point where he publically proclaimed his support for marriage equality. he filled out a candidate

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