diamon or-- (laughter) but they didn't just haul jamie diamon in to tell him how nice and good he is and huge he is, they also brought him in there to talk about how terrible they, the senate, are. >> we can hardly sit in judgement of your losing $2 billion. we laws twice that every day here in washington. >> jon: does senator demint think that spending money is the same as losing money? (laughter) >> jon: you know, hi $10 million here yesterday but now all i see is this [bleep] highway. (laughter) i don't understand. (cheers and applause) >> jon: i don't understand where it's going. (applause) >> jon: where's my money. we're going have to dig this up and find my money. what is going on with this panel of senators? sucking up to jame me diamon like they were on the payroll. >> the biggest campaign donor to many of the banking committee is jpmorgan chase. >> jon: well, look, what kind of treatment does money like that get you. >> what should the function of the regulators be. >> what other areas of oversight would be the most effective for us. >> i would like to come away from the hea

jamie diamon is still proud of jpmorgan-chase.reports on diamon's day on capitol hill. >> reporter: a harsh spotlight. jamie diamon celebrated bringing his bank through the crisis, untainted unscathed no longer. angry protestors greeted diamon before his grilling on capitol hill and across the country a simpler question, four years after the financial crisis how on earth did a bank this big, make a trade this risky billions lost within weeks. diamon at first said a tempest in a teapot. but sounding a much different tone. at one point, diamon saying risky trade morphed into something else. >> what did it morph into russian roulette. >> into something i can't justify. just too risky for our company. >> reporter: a humbling moment for the ceo, long credited with being a master of risk. >> jamie diamon group in queens very much like the guy on the playground. he has sharp elbows and he will argue until you, 100% convince him wrong. >> reporter: when you do he does what he did on capitol hill? >> exactly. then he says i was wrong. >> i

the start of the hearing was delayed by demonstrators shouting about foreclosures and calling diamon a crook. >>> -- dimon a crook. >>> more accusers are expected to take the stand today in the sexual abuse trial of jerry sandusky. yesterday three alleged victims testified about the abuse they say they suffered. one witness identified as victim number five said sandusky exposed himself and touched his gentles. >> mr. sandusky took him from the weight room to the sauna to the shower, a familiar story. >> earlier in the trial, a 25- year-old known as victim number 10 told jurors sandusky pinned him down in his basement and performed oral sex on him and made him reciprocate. the former coach admits showering with the boys but says he did nothing criminal. >>> the disappearance after woman from takoma park, maryland 32 years ago has now been solved. 18-year-old sibdy gastelle disappeared from her home after taking a bus from a deli to silver spring. remains found in 1982 in extra v.a. are hers. police are asking for help identifying a man whose name may be mike or michael. cindy's family

jamie diamon -- committee republicans say he has failed to turn over documents related to the fast and furious gun-running operation. that gets under way at 10:00 a.m. eastern on wednesday and live on c-span3. >>> supreme court justice ruth bader ginsberg spoke to the american constitution society last week and touched on several cases the court heard this term including strip searching people arrested for minor crimes, arizona's immigration law, and the health care law. after introductions justice geinsberg spoke for about half an hour. >>> wow, thank you. i know you're very excited about what's to come and i'm excited about this packed room. how fabulous. we know the place to be on friday night in d.c. here we are. i have -- it just seems to be a fabulous job that i have and i have another special privilege this is -- which is get to introduce peter rubin whom many of us consider to be the father of acs and i would say feeling a little bit of slis rivalry because i thk peteruben will be the father of another child. so i mean, we should congratulate peter and jennifer. now a member of

here at the hearing to speak their minds even before the hearing started protesters shouted down diamon as going in to face the people he's foreclosed on and to stop the foreclosures now tragically we can no longer rely on our bought out members of congress to hold the banks to as accountable anymore instead we the people have to do it and one of the best ways to do it is to move your money out of wall street banks like j.p. morgan chase and into local credit unions so let's get moving. h.t. . it's the good the bad of the very very agatha. cole lauded jerkily ugly but good workers add all of their own t.p. . l. of their own was greece's second largest newspaper founded after the fall of the military dictatorship of nine hundred seventy four a left wing newspaper featured strong independent reporting and fought against corruption in government among other causes with the collapse of the greek economy paper was forced to shut down but now about one hundred twenty former workers at the paper have brought it back to life in a managed to publish special editions of the newspaper they've alre

his position as president but yes this is all clear i hope to anyone watching the proceedings that diamon is the kingmaker but you know my interest is not in the crimes he just committed and they are outright fraud and crimes it's on just indisputed but my interest is in his next crime wave and the nature of the next securities fraud that he'll be committed will be in the euro zone or will it be some other fraud i think that's the more interesting point is where will the strike next a serial killer when you observe a serial killer they're always trying to find out word of the serial killer is going to strike next we already know where you already struck we only know that jamie don is going to evolve into a serial killing like episode of financial fraud and terrorism in america that's resulted in death and destruction and the a complete discrimination of the american narrative but the question is who's going to kill max test that's the that's the cliffhanger who are you going to kill next to me that's the interesting bit well going back to the story and you mention the american narrative w

heads are you're not in an asymmetric a would be a position directional position so is this the jamie diamon mind game that he places himself every morning he thinks he's hedging his form but it's an asymmetric catch so in the two billion dollars blows up it's because oh wait a minute it's not because i was taking directional bet and broke the law it's because i have asymmetric heads are you also one of these asymmetric love breaking hedging guys tell us which tells the truth could fess up you know i think the way that it works max i think that there are situations totally different and i think what they were doing and i can't i can't comment on what j.p. morgan was doing i can tell you what the market has been speculating what they've been doing i think that you've done something about his silver positions and the commodities desk in a recent article in bloomberg and the head of the commodities desk at j.p. morgan. came out and said no we're not. manipulating any of the commodities markets we're not involved we're only dealing on behalf of our customers and i think what needs to be done is

only thing more sickening than watching the pandering by the politicians and the stonewalling by diamon was the coverage by the mainstream media thank you lauren and calcutta account the whole team i should add for the only honest coverage of the hearing that i saw well thank you for seeing it that way we've worked really hard to bring you it there you can see his comment there now there was also an interesting review or a bit of commentary on this network and i wanted to bring up a passage that actually my boss showed to me in this article it says that the presenters on our t.v. mostly dark haired young women untroubled them to the i talk with the casual disdain about us economic bigwigs like ben bernanke and tim geithner as if these men were all together mad you know. what can i say i really take offense to this i think i would be considered more a light haired that dark and you forgot to mention paul krugman european central bankers and technocrats and you probably should have thrown in the us big. banker banker big wigs like jamie dimon and lloyd blankfein and i would characterize m

certainly should i mean on the level of the fact that when diamon and it's a question of timeline but when he knew about these trades and that they were going wrong he was putting out reports to shareholders saying that everything was fine and made that famous tempest in a teapot comment and if he takes responsibility for this which he actually did at one small point when he was talking to senator merkley today. these are violations of the securities laws i mean if if you have a lack of disclosure to your investors when you are engaging in risky activity that ends up losing investor shareholder money that that is a clear violation and that's something the f.c.c. should pursue but i'm not convinced that they will. it's a very that's going to be a very tough case even if the f.c.c. chooses to take it up which i don't expect them to at all i mean you know last time i checked you know having a bad investment judgment is not against the law i mean basically what we have here is jamie dimon and his chief investment office having very poor investment judgment we had saw the same thing with t

dian diamon says other mistakes are bound to happen. this cost his bank $2 billion.atement doesn't say if the amount has increased. >>> the cost of flying is going up again. united airlines is now charging, rob, $100 for the second bag, checked on. the increase went into effect quietly, of course, quietly last week. united now matches delta's fee for a second bag. american and u.s. airways charge less. so far. if you fly spirit you have to pay for your carry-ons as well. >> that is a disgrace. can't stand that. another disgrace. after announcing a shift to online news, one of the nation's oldest daily newspapers is scaling back 200 jobs. as we reported last month, the new orleans' "times-picayune" will scale back to three days a week beginning this fall. employees found out just yesterday they were going to stay or if they were going to leave. a series of meetings took place throughout the paper yesterday. some of the city's most experienced writers and photographers are among those now being let go. did not get a lot of sleep yesterday because i was on twitter and f

morgan chase boss jamie diamon back on capitol hill. he was called before the house financial services committee to explain how his bank lost $2 billion in bad trades last month. he said changes in risk models and strategies led in part to the loss. lawmakers asked whether investors were fully informed about the changes to the risk models. >> did you think that that was adequate disclosure? >> we disclosed what we knew when we knew it. >> in hindsight, the traders did not have the requisite understanding of the risk they took. >> last wednesdaddiamo nichlt t. they are investigating whether the earnings report in mid april gave adequate information on the risk model the bank was using. >>> the godfather of go-go may soon be part of the city that forever loved him. d.c. mayor wants to designate part of langdon pierk at chuck brown park. he died at the age of 75. mayor grey first brought up the idea of a park dedicated to the legend during the memorial service. the d.c. counsel has to approve the mayor's proposal before it can become a rea

apple's new offerings as well as what is going on with the jpmorgan saga ahead of diamon's testimonyore congress tomorrow. [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport. this is the pursuit of perfection. all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether you're at home, in the office, or on the go. optionsxpress, the broker smart traders deserve. open an account today at optionsxpress.com. . >>> . >>> this is "worldwide exchange." here are the headlines today from around the globe. markets are rife with rumors about the spanish aid deal but lack of detail has weighed on investor sentiment. >>> limiting atm withdrawals, imposing border checks, some of the reports suggested by eu officials who are exploring options for worst-case greek exit s

copyright national cable satellite corp. 2012] >> next week, jpmorgan chase president and ceo, jimmy diamon, testifies before the house trading commission. also next week, look for the last days mf global. we have the reporter wrote about a six month investigation into the firm. hooker we have more on the collapse of the financial sector. "washington journal," taking your calls, live. five >> one of the quotes from the white house staff was inspiring. was to realize the magnitude difference even make in public life, it pales in comparison. >> someone from the white house told us that those of us who believe they are crazy enough to believe they can change the world actually do. >> choose carefully, execute relentlessly. too often we find ourselves not focusing on the one thing that should be a top priority. >> every year the u.s. senate youth program brings students to washington. this year, the senior director made an impact. >> i started with the mindset of what it is like to be them. now that i am in this role, what could i share with them that i wish i had known along the way, or that t