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CNNW Starting Point May 18, 2012

facebook for $100 billion. ceo and founder mark zuckerberg expected to make something like $20.3 billion, co-founder eduardo saverin $$2.6 billion. here is a clip from the social network. you signed the papers. you set me up? you re going to blame me because you were the business head of the company and you made a bad business deal with your own party? this will be like i m not a part of facebook. it won t be like. you re not part of facebook. a lot of controversy surrounding eduardo saverin, renounced his u.s. citizenship, moved to singapore, a country with no taxes on capital gains. this move estimated to reduce his tax bill by a cool $67 million and that has two senators so, so peeved, so upset they want legislation to make people like severin pay. sarerin turned his back on the country that welcomed him and kept him safe, educated and helped him become a billionaire. this is a great american success story gone horribly wrong. eduardo saverin wants to ....

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CNNW Early Start May 15, 2012

the courts of corruption. her husband and four others could also be charged criminally this morning. we ll bring you the latest developments as soon as they become available. zoraida, it s not even 5:00 and you said perverting. france is ushering in a new era with the swearing in of the new president fran so i hollande. he s expecting to push new ways to deal with the new crisis. hollande has blasted the way people have dealt with the crisis. he s france s first socialist president since 1995. jpmorgan s c.e.o. stands before his shareholders in tampa, florida, to explain this $2 billion trading disaster. they ll be voting on dimon s $23 million pay package. we ve also learned that the senate banking committee will schedule hearings in the next few weeks. now president obama is weighing in. he spoke to abc s the view about the measures that are needed to end wall street s pension for risk once and for all. this is why we passed wall street reform. this is the bes ....

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CNNW Starting Point May 14, 2012

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 ....

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