russia iran and observer nation of the c.e.o. in the central asian states that are members of the c.e.o. turkmenistan is also do a down and so that i can just. have fifty percent of the world's natural gas they have over you know the c.e.o. over the past decade or so is engaged in any number of transportation type knology economic energy and other initiatives bilateral i'm going to quote more collective and it has a potential for suggesting to the world something you know the russian foreign minister sergei lavrov was quoted yesterday saying international affairs have reached a turning point and he mentioned the economic crisis of the past four years website emanated from and was generated by the white house certainly suggesting it's time for a new model not only of security but of economics of politics of international relations with all the c.e.o. stands as that organization which particularly but does explain how we know. that india pakistan and iran have officially asked to become full members of the c.e.o. but we should also

morgan c.e.o. went a little something like this. there were twenty seven might be sixty three goes up a lot you know with all the organized crime. is what i'm telling you what i'm exposing. for you grace and everybody this is my. that was from the famous the laci hearings of the one nine hundred sixty s. which were touted as a major breakthrough in intelligence about the mob well that wasn't what we got with jamie dimon today you know what can i say a girl can dream that's not what we saw but first let's back up to quickly recap on how we got here. it's been a little more than a month since the beast revealed its true nature publicly. j.p. morgan's now infamous london whale weighing in with at least a two billion dollar loss. before disappearing back into the vast murky waters of the largest bank in the united states only to rear its head again in the form of p.r. spin so banks you can make loans or invest the money in securities you have a huge security put forward big bank in fact the securities

last year of arisan paid c.e.o. lowell mcadam more than twenty two and a half million dollars and has paid its top five executives more than three hundred fifty million dollars over the past five years in two thousand and eight two thousand and eleven aged twenty six thousand jobs they cut another ten thousand jobs in two thousand and ten and horizon has been fighting with its unionized workers asking for some concessions so while the company can magically afford to pay millions hundreds of millions to a handful of employees all the other workers screwed sadly she's all to come over the market today. and the very very ugly north carolina's judicial commission in north carolina's not enough has buyout politicians you can buy off the entire judicial branch at least that's the thinking behind the north carolina judicial commission a new super pac backed by millionaire conservatives the group is trying to raise unlimited amounts of money from pro-business donors in order to realize north carolina state supreme court jus

for example i've never been a c.e.o.'ve never had the discipline to sit down and run a company myself. if i chose to apply myself to that that i don't know if i would be good at it but if i was good at it i'd do better than i have but i optimize being able to be involved in new ideas. >> rose: because you like your life-style and the opportunity to be freer and explore ideas? >> yeah. and to learn about new fields and areas. that's one of the reasons venture capital has been... we're three years into it and it's been very interesting because the job is to define new ideas whereas where you're running a business... >> rose: you go in search of them or they in search of you? >> both. we see 1500 qualified entrepreneurs a year out of the tool of 4,000 in the u.s. >> rose: you announced it at this table. >> three years ago. >> rose: how has it grown in three years? >> way beyond our expectations. i think entrepreneurs were ready for a new voice in the field. >> in venture capital? >> there's a lot of great venture capitalist

orbitz c.e.o. about how americans are planning to spend their summer vacations. >> reporter: this is the nerve center for orbitz worldwide. employees are tracking everything from weather to flight delays for customers. and this summer they're likely to be very busy. the company recently surveyed a thousand customers finding 77% plan to take a vacation this summer, that's down slightly from a year ago. but more of those who will be traveling this year expect to spend over $1,500, compared to last year. orbitz c.e.o. barney harford says while consumers are spending more on travel this summer, they're still looking for ways to stretch their dollars and his company is capitalizing on that. >> buying your airline ticket and hotel at the same time will allow you to tap into savings that you wouldn't necessarily get if you were buying your hotel room or airline ticket on its own. our hotel partners, our airline partners when they know they are going to have excess capacity they want to be able to sell tha

bank or carex but it's buyer savings bank former chairman john thorsteinn johnson of the lenders ex c.e.o. ragnor is off me a good johnson were today found guilty of fraud and sentenced to four and a half years in prison by ice and supreme court the court found that the two former executives had used their positions out buyer to grant an eight hundred million kroner six point two million dollar loan which they then used to buy back their shares that were sinking and before the collapse happened now in making this decision the supreme court took a cow out of the magnitude of the offenses was significant according to the ruling and good johnson's infraction was committed under the auspices of his mandate as the bank's c e o right he couldn't use the c.e.o. defense that he doesn't know what's going on in his company like damon does jamie dimon does all the time he's like well i'm just a c.e.o. what do i know where's my bonus yes in fact the supreme court found that he had a higher responsibility what you know you make the big bucks you should have more responsibility it should have one make

finance the economy not to finance speculation or gambling or allow manipulation well we'll talk to c.e.o. of ego bank ron paul about community banks as an alternative but on that note is the traditional business model of small banks being destroyed by service and looking at what's going on in central bank land what would be the impact of nerve i'm talking about a negative interest rate policy the e.c.b. is reportedly contemplating at mario draghi is thinking of reducing the bank deposit rate to zero or even lower we'll talk about it plus u.s. cities and states are strapped for cash they are three trillion dollars in debt according to the federal reserve and stockton a city in california has become the latest to crumble under the way it is reportedly the nation's largest city to seek a bankruptcy protection which which it is slated to do so is there an alternative model of doing business for cities to avoid these tragedies well we're going to tell you about that outsourcing of city hall let's get to today's capital account. all right you heard me at the top of the show barclays has been o

we talk with the senator who invited c.e.o. jamie dimon to capitol hill tomorrow. >> tom: i'm tom hudson. what's at risk with greece's weekend election? the outcome may decide whether the country sticks with the euro. >> susie: and our small business series continues. how a global bank is helping entrepreneurs. >> tom: that and more tonight on "n.b.r." >> susie: another black eye for today reportedly it was warned two years ago that traders made bad bets that cost j.p. morgan $2 billion in loss and now they're mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since the

s or former c.e.o. hopefully one day soon the american people will wake up to the fact that having sociopaths transition from the world of business to governing our country is probably a very very bad idea. it's wednesday are you ready to rumble joining me for tonight's long little rumble our french as good chambers editor with red alert politics and judson phillips associate director of the tea party net and tea party nation thank you both for joining me tonight how does the republican party plan to deal with mitt romney this is a guy who seems to be a pathological liar i was ranting about he's flip flopped on just about every major issue take a look at this. you can look at my record as governor and you can see in my record as governor that i have consistently been pro-life i believe that abortion should be safe and legal in this country i believe based on what i read that the world the world is getting warmer and number two i believe that humans contribute to that. so. i have never supported the pres

morgan's c.e.o. explains, doesn't defend, the bank's multi-billion dollar loss. >> susie: i'm susie gharib. we're half way through 2012; we'll look at the market outlook for the rest of the year. >> tom: then the housing market may still be weak but home renovations are making a comeback. what's driving the re-modeling and can it continue? >> susie: that and more tonight on "n.b.r." >> susie: it was an isolated incident and it won't happen again. that's what jamie dimon told lawmakers on capitol hill today about j.p. morgan's massive trading loss. he said the bank's traders got complacent, but added j.p. morgan would be solidly profitable in the second quarter. darren gersh reports. >> reporter: the high profile hearing began with protests. >> stop foreclosures now. stop foreclosures now. >> reporter: and then it turned to explanations and apologies. dimon blamed his bank's big trading losses on poor internal oversight and a switch to a new risk management model. >> this portfolio morphed into someth

i could go up and talk to the c.e.o. afterwards so i want to talk to him and he started running and i followed him into this side room and he took off through this other set of doors and then his aides his p.r. aide rob farris would let me leave they kept me in this room for several minutes then let me leave it's false imprisonment and i've spoken with the capitol police who are investigating and i plan to take these guys on this is not ethical and the thing i've got to say about it is the reason why these guys act like that is because that's how they act with workers they're allowed in this country to keep workers in a room have and they're going to anti-union nonsense they feel like it's perfectly all right to lock. somebody in a room in the u.s. capitol this wasn't like you know private property this was public property and they were trying to keep me you know imprisoned in this little room it was all got to protect the c.e.o.'s from the really scary press these days are gone but we're out of time so i got to wrap it

how i disguise romney's doppelganger something right the c.e.o. of how the private equity he echoes all the classic talking points hit on the bad lower taxes economic growth blah blah blah the usual so makes it clear the economy's in trouble and he says that he cares but he doesn't really seem to be bothered by those hurt the most which plays well for this candidate because he knows the financial sector like the back of his hand and he spouted off his wealth of knowledge forgive my pine at a recent press conference but he made a statement towards the end that really got my blood boiling as you or your i just wave your crazy vote. i just read you know stuff. going to you know your own chance or this or that. you know i saw something the other day just you know it's like a mother should have story and like the boat was into the home and the country's old it's going to devastate everybody. sob story is that like all they are to you that is like i said like a lot well guess what those people on food stamps would be your problem if you actually got ele