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CNN Anderson Cooper 360 July 6, 2024



good evening. tonight, the latest on banking system troubles that appeared to be easing yesterday but came rumbling back this morning. deeper trouble than previously thought. then, kim news that two tragic credit rating firms had downgraded. markets plunging this morning, and that they gained back some ground by the close, the still ended the day down significantly. shares of regional banks, including first republic, were down sharply, and first republics case by more than 21%. big banks that are tightly regulated also took a hit, with citigroup shares more than 5%. good morning the moment on what this means to market economy, your money christine romans will be with me for that. first, we re joined by vermont senator bernie sanders, who chairs the senate labor and pension committee. so sanders, how much confidence you have in the banking system right now? should people what should be worried about their bank in their savings? i think we re all concerned a ....

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CNN Anderson Cooper 360 June 4, 2024 04:04:00

For the bailout. not ordinary people. the s cc where do you think accountability lies here? it s hard to say, without looking at the facts, but i would say it s a little bit troubling that literally a day before this bank collapsed they were busy giving out bonuses, and some of the leadership in that bank sold a lot of shares in the recent past. so that is something for the fbi, adjust department to take a look at. the other point that i would make is, back in 2018, the banking industry wanted major reform in the dodd-frank bill which came about after the 2008 crash. what they wanted was to remove many many banks who were being under strong supervision ....

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CNNW Erin Burnett OutFront June 14, 2012



summer. it s hard to look like right at you baby but hear s my number. wow. well there s a surprising fact about the artist. out front next. the ceo gave us all quite a mental image today when he testified in front of the senate banking committee in washington about one of the largest bank in the united states has been open about hits multibillion trade losses. we generally are open kimono with the regulators and tell them what they want to know. open kimono, sure. but maybe he was open kimono about the things he knew about. but not about things he didn t. like how the trade in question had morphed out of control. so, this transaction that you said morphed, what did it morph into, russian roulette? it morphed into something i can t justify. it was too risky for our company. it s almost like he s talking about a physical object. but this was a tried, a tried gone terribly bad. he said he didn t know how bad the trades were until late april. you know wha ....

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CNNW Erin Burnett OutFront June 14, 2012



wow. well, there s a surprising fact about the artist, carly ray jepson. outfront, next. i m erin burnett. welcome to outfront. outfront tonight, jamie dime on opens his kimono. the ceo of jpmorgan chase gave us all quite a mental image when he testified in front of the senate banking committee in washington about whether the largest bank in the united states has been open about its multi billion dollar trade losses. we generally are open kimono with the regulators and tell them what they want to know. open kimono. sure, that sure sexes up that testimony in washington but maybe he was open kimono about the things he knew about but not about things he didn t, like how the trade in question had morphed out of control. so this transaction that you said morphed, what did it morph into, russian roulette? it morphed into something i can t justify, that was just too risky for our company. he couldn t justify it. it was too risky. it s almost like he s talking a ....

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CNNW Erin Burnett OutFront June 13, 2012



me maybe hey, i just met you wow. well, there s a surprising fact about the artist, carly ray jepson. outfront, next. i m erin burnett. welcome to outfront. outfront tonight, jamie dime on opens his kimono. the ceo of jpmorgan chase gave us all quite a mental image when he testified in front of the senate banking committee in washington about whether the largest bank in the united states has been open about its multi billion dollar trade losses. we generally are open kimono with the regulators and tell them what they want to know. open kimono. sure, that sure sexes up that testimony in washington but maybe he was open kimono about the things he knew about but not about things he didn t, like how the trade in question had morphed out of control. so this transaction that you said morphed, what did it morph into, russian roulette? it morphed into something i can t justify, that was just too risky for our company. he couldn t justify it. it was too risky ....

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