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Transcripts For CNNW Erin Burnett OutFront 20120512



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 could be up to $3 billion and the credit rating agency fitch slapped jp morgan with 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 investor questions 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. invest that portfolio wisely 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 tempest was anything but. these were egregious mistakes, self-inflicted. we re accountable and what happened violat ....

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Transcripts For CNNW Erin Burnett OutFront 20120512



son. tonight, she comes outfront. 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 could be up to $3 billion and the credit rating agency fitch slapped jp morgan with 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 investor questions 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. invest that portfolio wisely 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 t ....

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Transcripts For CNNW Erin Burnett OutFront 20120511



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 gri ....

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