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 this k
make facebook worth 100 billion. from a birthday to a blunder. jpmorgan chase taking a bet and losing big time. heads rolling this morning. the ceo saying his bank was sloppy and stupid. manhunt. fbi agents stephen missing in the mountain. bloodhounds sent for the search. newsweek calling president obama the first gay president complete with a rainbow colored halo. so we are asking this morning while social issues are in the headlines, why isn t anyone talking about the number one issue? the economy! newsroom begins right now. good morning to you. i m carol costello. he is young, rich, and powerful and this morning some startling reminders of just how high mark zuckerberg towers over mere mortals like you and me. later being week you might be able to buy stock in facebook his college dorm room project that might be worth $100 million. a higher market value than disney or ford. zuckerberg will be meeting with shareholders in chicago in denver starting today. all this