Executive who oversaw $2 billion trading loss at JPMorgan Chase leaves

 

What we're following: 

- Executive who oversaw $2 billion trading loss at JPMorgan Chase leaves

- Yahoo CEO out following resume scandal

- Nearly 50 bodies found on Mexico highway

And did you see...

- ER visits double as more kids swallow batteries

- 24-hour daycare opens for the super busy

- Columbia University janitor graduates with honors

 

 


 

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Just who is the poor slob that pocketed that 2 billion? When someone loses a bet....Someone else wins, Right?

    Reply#1 - Mon May 14, 2012 7:03 PM EDT

    Good Evening Mr.Williams, A great broadcast this evening as always. Certainly not a good day at all for JP Morgan Chase as exectives are leaving their positions due to the $2billion dollar trading loss. The CEO of JP Morgan Chase Jamie Dimon will have to answer tough questions from shareholders tomorrow at the meeting. It is understandable the stocks went down so much on Wall Street today. More excecutives will be possibly be resigning soon. Time will tell.

    The report by Anne Thompson about the Chief Investment Officer Ina Drew who resigned today told of how poorly the trading deal she was in charge of doing. It was interesting after hearing of her 30yrs experience with the bank she made such a terrible mistake. Yet, the loss of company money has already been done and it will be difficult to explain to shareholders. Other institutions will be watched closely in how they handle the investors money and what risks are being taken with the money. There is much at stake in this situation.

    The report by Mr.Almaguer from California told of how education is taking a major cut in funding due to the extremely large deficit in the State. It is terrible State workers are taking pay cuts and more public education is due for deeper cuts. One wonders if Governor Brown's spending plan will help or hurt the State. So many people and of course children are impacted by this awful economic situation.

    The report by Mr.Mohyeldin about the crisis in Syria told how a peace plan does not seem to be close at all in accomplishing. With even more deadly violence all over the region and many more innocent live lost is is juts tragic. President Assad's government is relentless in continuing to attack the people of the region. One hopes the United Nations observers will have some success in implementing a peace plan, but it appears a endless struggle.

    On a happier note the piece by Stephanie Gosk abou Ashleigh Butler and her dog Pudsey performing and winning Britain's Got Talent was really fun to see. She and her dog do a great show and Pudsey is so cute. What a nice story!

    Thank You for the broadcast Mr.Williams. Peace to You and to All!

    Be Well Everyone!

    Stay Extra,Extra Safe and Well Richard!

    Take Extra,Extra Good Care Richard and Crew!

    Lisa

      Reply#2 - Mon May 14, 2012 8:33 PM EDT

      Jamie is the best con artist of our time. What is sad is how Americans what this happen each year since 2003 as taxpayers covered the banks gambling lost. Now some might remember the free Bailout with larges bonuses. The Bank system of gambling was made with loop holes and passed by Congress. Congress set up the Recession and bet the US would lose. Jamie laughed as he stacked the deck so he would win either way. Now all this fuss is because Obama refuses to give Banks a bailout for their gambling lost. This is like a person picking your pocket but you do nothing but keep fulling it up with money each time. President Obama called for regulation on Banks in 2009 and Americans told him NO by giving the GOP the majority in 2010. You can lead people to water but you can't make them drink it.

      Pat Robertson today gave his full endorsement to Mitt Romney as he feels other Christians should do the same.

        Reply#3 - Mon May 14, 2012 9:21 PM EDT

        Say, Brian Williams, please watch your own interview with the financial expert over this past weekend when you said "but they only lost the bank's money" -- he DISAGREED with you. Yet you repeated that statement tonight -- that the 2 billion was JP Morgan-Chase's money. Did they print it in their basement? When YOUR bank accounts get another fee and a lower interest rate, maybe you will figure out that it WAS YOUR MONEY (and MY money) that these people lost!

          Reply#4 - Mon May 14, 2012 9:49 PM EDT

          Brian here's a little history of tax increases in California. Enron set up led to a recall and Arnold Schwarzenegger becoming Governor on a promise. Down hill from day one with selling off State property to reducing State employees hours and government bonds. With free spending and little work by Law Makers the Governor did spend taxpayers for a smoke area. After 4 years of spending, cuts and continued promises while getting deeper in debt, Arnie came out in 2006 and said he was stilling learning. But voters put him in again. Well it went from bad to worse and a few of the real debt leaked out and people were ready for a recall. Schwarzenegger took Country and city money as well as raising taxes as we learn later the money went to friends and contractors along with waste. No oversight and every department head spending taxpayers money like it grew on trees. Californians saw may request for money for education yet the money never went to the schools. Moonbeam has to get the trust and he will have to show that the money for education goes to education. Many of our State Law Makers have no idea what here suppose to do and just follow orders of the snakes. Brown will get the tax increase and we will see if he keeps his word because Arnie lied for 7 years.

            Reply#5 - Mon May 14, 2012 10:08 PM EDT
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