ironically, from the chase department in charge of mitigated risk. my colleague, christine romans watching this hearing from her post in new york. the department that s supposed to mitigate risks made these risky trades and now he is having to answer questions. it s obvious why congress wants to know why these stupid trades were made. yeah. he says, you know what? i m not going to defend it, because it violates common sense. it shouldn t have happened. what was, maybe should have been a legitimate, bona fide macroeconomic hedge, morphed into something else, he says, and he did not defend it. talk about, you say a grilling. a civil discussion. in part because he is so contrite here. the conversation just now turning into something more about what do you think about dodd-frank and the volcker rule and new regulations he has been vocal against. but as far as that trade, he says, no, you re right. it shouldn t have happen and we re sorry for that. in particular, let me tell you
in the middle east, they like how americans do business, but overall, many people feel that there is too much american influence, and that globalization equals americanization. jill dort jill dougherty, cnn, washington. and three men who killed two men at auburn university could appear in court today. desmonte leonard turned himself in yesterday. two of the young men who die were former auburn football players. many people at the party called the shootings a massacre for no reason at all. jamie dimon is testifying before capitol hill to explain why his company lost billions in trade. but his hearing was interrupted by hecklers speaking out. police removed the protesters and the hearing continued. dimon is testifying before the senate banking committee. live pictures now. he told the lawmakers he cannot defend the trade that led to the losses he said when he called it the tempest in the teapot back april, he was dead wrong. a former aide of gabrielle giffords now has her
if he succeeds, he charts a path out of the crisis for other countries. then iran. it s in dire economic straits for a very different reason. we have another exclusive. this one with iran s finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul krugman. the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. i ll ask him to defend his views. all that plus superstitions in the race for space. but, first, here s my take. everyone is worried that greece might default on its national debt. that s really not news. by one estimate and the 180 years since greece gained its independence from the ottomans in 1832, the country has been in default or restructuring for half that period. the news is that this time, germany is willing to bail greece out. throughout the euro zone crisis, it has been conventional wisdom to regard the germans as narro