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Transcripts For CNNW Erin Burnett OutFront 20120614



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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