good evening, everyone. i m erin burnett. outfront tonight, warning signs ignored. the fallout swept around the world today from america s biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan s shocking trading losses which 0 could be up to $3 billion and the credit rating agency fitch slapped jp morgue win a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america s most well-known banker was taken by surprise. here s jamie dimon one month ago responding to confess about bad trades and his risk management unit. it s is a complete tempest in a teapot. sophisticated, complex things. at the end of the day that s our job. envist that portfolio widely and intelligently over a long period of time to earn income and to offset other exposures we have. well, here he is last night when it turned out that temp it was anything but. these were grievous
been going on for the past four or five days or so. we understand that she is coming up to new hampshire to attend a clam çbake, not here but somewhere else in the state. when asked about it, she said, it s a coincidence that i m going to be there when mitt romney is making the big announcement and i wish him well. of course she has not declared if she will run. the bottom line is she generates a lot of attention, a lot of media coverage. one of my colleagues from a local station said that there are two tornadoes in massachusetts today. the one in springfield and sarah palin in the historic part of boston now. so the bottom line here is mitt romney s going to talk a lot about the economy, he s going to say president obama s a failure, and given his business skills, he s the man, romney, is to lift the country out of the economic doldrums that it s in. i know that sarah palin and the bus tour has no official schedule. she said that over and over. coincidence that she s in