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CNN Erin Burnett OutFront July 14, 2012

anyway, analysts there estimate the so-called libor rate manipulation scandal could cost banks $14 billion. that s fines and fees on the banks. you say great, they should pay it, those jerks. here s what it means, $14 million less for those banks to lend, which will hurt the rest of us. banks are crucial for our economy. we need them to thrive. they have become so big that they seem to control our fate. just yesterday on this show, dan gross, the economics editor at yahoo! finance, suggested the u.s. economy is sort of like the titanic. i loved the image. it got us playing a little game. take a look at this little image. our economy is the titanic. it feels invincible and huge. the most amaze thing in the history of the earth. even after the financial crisis. pretty much just like the titanic was, right? we were sailing along till we hit that jpmorgan trading loss. and it jolted everybody. it jolted our ship. we said, wow, is our economy still at risk from banks? then t ....

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CNNW Erin Burnett OutFront July 14, 2012

outfront tonight, losing money, rewarded big time. today, jpmorgan s stock was up like a july firework. surging 6%. in fact, it brought the whole market along. for a friday the 13th surprise. it was the best day for stocks this month. and it doesn t add up. so, jpmorgan shares popped in reaction to the bank announcing that losses from that high-profile trading blunder we ve been talking so much about now top $5.8 billion. now, that $5.8 billion is about three times more than the company said it would lose on this trade just weeks ago. today, the ceo of jpmorgan, jamie dimon, took questions on an earnings conference call, and he said he s earned a lesson. we ve learned a lot. i can tell you this has shaken our company to the core. the truth is no one is sure if other banks have trades like this going on or whether it will happen again at jpmorgan. the truth is, we do not know very much about our banks. jamie dimon didn t know about the now infamous trade for so lon ....

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WJZ CBS This Morning July 14, 2012

again. plus, right here in studio many years. and now that mr. judge freeh 57, the stars of once sing has put the report out, he issued over a hundred things their beautiful ballad from that they should do. most of them are basic common broadway s hottest new musical. sense that the insular closed society of penn state never all that and so much more on adopted. it s going to take they can put all these plans in place, but it s going to take a long time to live through what cbs this morning saturday. all that and so much more on cbs this morning saturday. july 14, 2012. they ve done to themselves. bill, who comes out looking captioning funded by cbs the worst in this report? the president? what happened was there s a good morning. huge contradiction between what welcome to the weekend. nice to see you. a bunch of folks said in the it s great to be with you. grand jury and what is in the yeah. bright and early today. freeh report. exactly. let ....

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KPIX CBS This Morning July 14, 2012

when the company he founded was sending jobs overseas. as chief white house correspondent norah o donnell reports, mitt romney is demanding an apologize but president obama s campaign is not backing counsel. campaigning in virginia, president obama said it s time for mitt romney to answer questions about his time as head of the private equity firm bain capital. as president of the united states, it s clear to me that i m responsible for folks who are working in the federal government. and harry truman said the buck stops with you. at issue is romney s claim that he left bain capital in 1999 to run the salt lake city olympic. but in documents filed with the securities and exchange commission, romney is listed up until 2002 as sole stockholder, chairman and ceo. i think most americans figure if you re the chairman, ceo and president of a company, that you are responsible for what that company does. the battle over romney s business record escalated after obama s ....

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CNNW Erin Burnett OutFront July 14, 2012

well, good evening, everyone. outfront tonight, losing money, rewarded big time. today, jpmorgan s stock was up like a july firework. surging 6%. in fact, it brought the whole market along. r a friday the 13th surprise. it was the best day for stocks this month. and it doesn t add up. so, jpmorgan shares popped in reaction to the bank announcing that losses from that high-profile trading blunder we ve been talking so much about now top $5.8 billion. now, that $5.8 billion is about three times more than the company said it would lose on this trade just weeks ago. today, the ceo of jpmorgan, jamie dimon, took questions on an earnings conference call, and he said he s earned a lesson. we ve learned a lot. i can tell you this has shaken our company to the core. the truth is no one is sure if other banks have trades like this going on or whether it will happen again at jpmorgan. the truth is, we do not know very much about our banks. jamie dimon didn t know about the n ....

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