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israel across the border. i m michael smerconish in philadelphia. israeli defense forces expanding their ground operation in gaza overnight. an idf spokesman says the forces are in the field and continue the fighting with infinity and armored vehicles backed by massive strikes from the air and the sea, including the bombing of hamas tunnels. the bombardment also knocking out communications in gaza, creating a near information blackout. and largely cutting off the territory s more than 2 million people from the outside world. until now, israel s military had been conducting targeted raids with forces withdrawing after a few hours. it comes as an israeli ground offensive aimed at seizing and holding significant amounts of territory has been widely expected but does not appear that such a significant operation is under way yet. joining me from israel is cnn correspondent jeremy diamond. jeremy, still not the ground incursion that we had anticipated. reporter: well, at le ....
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 ....