new challenge to j.p. morgan ceo jamie dimon. coming from several major investors who want an independent chairman. do they have a chance of replacing him as chairman of that company? we have the woman behind that push. and, suze says. suze orman will join us today. on the docket, the state of the housing market. are you bet are off buying or renting right now. well talk about rollover iras, save willing for your kids' college debt. taking sense to more americans about money than anyone else in this country. suze orman with us all hour today. all that tech money outwest. what are they doing with it? those tech billionaires, have a new way to change the world. they have a big announcement coming up this hour, and we'll take it. michelle is in for sue with the ny s.e. and we will get downtown in a moment but we want to sh t start, michelle, with investment firms and jamie dimon. they want an independent board chairman. powerhouse up 31% in the past six months. kayla tausche has the bumping up the jie and on the board. >> one execut

j.p. morgan is the latest bank to announce it plans to slash at least 3,000 jobs, or a little less than 2% of its workforce this year. >> looking at 2013, our expectation is that there will still be downward pressure on headcount. >> reporter: dinapoli's office estimates every one job on wall street supports three jobs in other industries in the new york area. but while more job cuts could still be on the horizon for wall street, dinapoli says we're not likely to see the full extent of changes in the industry for at least another two years. >> wall street is an industry that is still transforming itself. we don't really know what the new normal is at this point, and i guess the one bit of good news, especially from a new york perspective, is that we saw healthier profits, bonus pool going up, and that certainly should help us in terms of revenues that the city and state were expecting from a tax perspective. >> reporter: whether you love or hate wall street, a lot of that bonus cash will most lik

to see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a page and it's very. if you're a futures trader sit in the pit and j.p. move would come in and so a big lump of silver you don't know whether that's their proprietary days you don't know whether they had you know some sort of loan agreement with a let the mining company some money and they've had to forward hedge out some production you don't know what drives the deal where you can see is them doing it you have absolutely no idea behind what driving the transaction they did the industry the mining industry silver gold mining they have a need to hedge their output to lock in prices and to get some predictability in their earnings stream. variable i'd say yes but look i like american barrett big gold miner for example they have gotten rid of all their hedges there they've cancelled their he

that they have been handed huge losses while the firms that sold them have profited the firms are j.p. morgan chase morgan stanley u.b.s. and barclays. i've sold many of these myself basically it to hedge of owning all is packaged with. a fantasy security praying five or six or eight percent and then you sell that to some idiot pension fund manager on the basis of a yield and then it quickly goes to zero and then of course they're fired but the investor gets nothing back this is a rip repeat of a scam that i've seen hundreds of times of so many myself it's it's bread and butter business for wall street. well a lot of americans are think they're bondholders and in fact their shareholders now apple shares at a twenty five percent loss that they didn't know about but they got good yield eight to ten percent in this case for a couple of weeks and then they got zero zero and of course they can't sue anybody because the arbitration panels are stacked by brokers. ok states ever thanks much for being on the cover thank us doubt go away stay right there i'll be speaking with former scotland yard fraud

that they have been handed huge losses while the firms that sold them have profited the firms are j.p. morgan chase morgan stanley u.b.s. and barclays. i've sold many of these myself basically it the hedge of owning apple is packaged with. a fantasy security paying five or six or eight percent and then you sell that to some idiot pension fund manager on the basis of a yield and then it quickly goes to zero and then of course they're fired but the investor gets nothing back this is a repeat repeat of a scam that i've seen hundreds of times of so many myself which is bread and butter business for wall street. well a lot of americans are think they're bondholders and in fact their shareholders now apple shares at a twenty five percent loss that they didn't know about but they got good yield eight to ten percent in this case for a couple of weeks and then they got zero well and of course they can't sue anybody because the arbitration panels are stacked by brokers. ok states ever thanks much for being on with us thank you don't go away stay right there obvious breaking with former scotland yard fr

that they have been handed huge losses while the firms that sold them have profited the firms are j.p. morgan chase morgan stanley u.b.s. and barclays. i've sold many of these myself basically if the hedge of owning apple is packaged with. a fantasy security paying five or six or eight percent and then you sell that to some idiot pension fund manager on the basis of a yield and then it quickly goes to zero and then of course they're fired but the investor gets nothing back this is a repeat repeat of a scam that i've seen hundreds of times of so many myself which is bread and butter business for wall street. well a lot of americans are think they're bondholders and in fact their shareholders now apple shares at a twenty five percent loss that they didn't know about but they got good yield eight to ten percent in this case for a couple of weeks and then they got zero zero and of course they can't sue anybody because the arbitration panels are stacked by brokers. ok stay sober thank so much for being on the concert thank you don't go away stay right there i'll be speaking with former scotland ya

that they have been handed huge losses while the firms that sold them have profited the firms are j.p. morgan chase morgan stanley u.b.s. and barclays. i've sold many of these myself basically if the hedge of owning apple is packaged with. a fantasy security paying five or six or eight percent and then you sell that to some idiot pension fund manager on the basis of a yield and then it quickly goes to zero and then of course they're fired but the investor gets nothing back this is a repeat repeat of a scam that i've seen hundreds of times of so many myself which is bread and butter business for wall street. well a lot of americans are think they're bondholders and in fact their shareholders now apple shares at a twenty five percent loss that they didn't know about but they got good yield eight to ten percent in this case for a couple of weeks and then they got zero well and of course they can't sue anybody because the over treasure panels are stacked by brokers. ok states ever thank so much for being on the counter thank you and don't go away stay right there i'll be speaking with former scot

that they have been handed huge losses while the firms that sold them have profited the firms are j.p. morgan chase morgan stanley u.b.s. and barclays. so many of these myself basically if the hedge of owning apple is packaged with. a fantasy security paying five or six or eight percent and then you sell that to some idiot pension fund manager on the basis of a yield and then it quickly goes to zero and then of course they're fired but the investor gets nothing back this is a repeat repeat of a scam that i've seen hundreds of times of so many myself which is bread and butter business for wall street. well a lot of americans are think they're bondholders and in fact their shareholders now apple shares at a twenty five percent loss that they didn't know about but they got good yield eight to ten percent in this case for a couple of weeks and then they got zero well and of course they can't sue anybody because the arbitration panels are stacked by brokers. ok states ever thanks much for being on the concert thank you don't go away stay right there i'll be speaking with former scotland yard fraud

these poor people also comparing this again to the financial crisis we were jamie diamond of j.p. morgan has been braiding regulators around the world saying these minimum capital requirements we can't stand it because of these are minimum capital requirements we have to basically lie and tell you it's all good we're part of this horsemeat or don't give me scandal is the fact that in romania in the last few months they've banned horses and don't keys on the roads so there's been an oversupply of all these don't keys and horses that people now don't want to feed because they can't use them. on the roads so apparently this is what they're claiming is why there's honk honk he gave me to my burger you know that can be a problem you know there's so many honkies around so over the holiday over five. hundred of them to burger that's all in. their. mind you go home again first asian probable turn of the lows on you is a big deal. again so the f.s.a. in this case the food standards agency was made aware of the situation and once again they attended a cover up the article says the f.s.a. set up in

lloyds j.p. morgan goldman sachs b.n.p. they're part of a daisy chain of fraud a house of mirrors of rehab off occasion where there is no collateral but you're saying any of these bonds whatsoever they hold in their books for one hundred cents on the dollar they're worth zero cents on the dollar the bond pocalypse is upon us these bonds are to be marked down to zero not by government edict what should be the case if there was a functioning government represent government but by the by parker left which means that suddenly the shot is. wired i predict that once china or i should say james records for next one china and now says that they have four thousand tons of gold and they are talking about a gold back room in b. this will be the trigger that starts the cascade of bond pocalypse resulting in interest rates in the u.k. and us around the world going up three four five six percent in a week i stay sober thanks so much for being on the kaiser part thank you stay tuned for the second half i'll be speaking to former energy re

lloyds j.p. morgan goldman sachs b.n.p. they're part of a daisy chain a fraud a house of mirrors of rehab off occasion where there is no collateral but you're saying any of these bonds whatsoever they hold in their books for one hundred cents on the dollar they're worth zero cents on the dollar the bond pocalypse is upon us these bonds are to be marked down to zero not by government edict what should be the case if there was a functioning government represent the government but by the baath party left which means that suddenly the shot is. wired i predict that once china or i should say james records for next one china and now says that they have four thousand tons of gold and they are talking about a gold back room in b. this will be the trigger that starts the cascade of bond pocalypse resulting in interest rates in the u.k. and us around the world going up three four five six percent in a week i stay sober thanks so much for being on the kaiser apart thank you max stay tuned for the second half i'll be speaking to former

j.p. morgan has been braiding regulators around the world saying these minimum capital requirements we can't stand it because of these are minimum capital requirements we have to basically lie and tell you it's all good well part of this horsemeat or don't be me scandal is the fact that in romania in the last few months they've banned horses and don't keys on the roads so there's been an oversupply of all these don't keys and horses that people now don't want to feed because they can't use them on. rhodes so apparently this is what they're claiming is why there's honk honk. my burger you know that can be a problem you know there's so many honkies around so over the holiday overpopulation we decided to turn them into burgers that's all in. their. mind you go home with the infestation problem just turn the lows on you is a big deal. again so the f.s.a. in this case the food standards agency was made aware of the situation and once again they attended a cover up the article says the f.s.a. set up in

lloyds j.p. morgan goldman sachs b.n.p. they're part of a daisy chain of fraud a house of mirrors of rehab off occasion where there is no collateral buttressing any of these bonds whatsoever they hold in their books for one hundred cents on the dollar they're worth zero cents on the dollar the bond pocalypse is upon us these bonds are to be marked down to zero not by government edict what should be the case if there was a functioning government represent the government but by the by our collapse which means that suddenly the shot is. wired i predict that once china or i should say james records for next one china and now says that they have four thousand tons of gold and they are talking about a gold back room in b. this will be the trigger that starts the cascade of bond pocalypse resulting in interest rates in the u.k. and us around the world going up three four five six percent in a week i stay sober thanks so much for being on the cars report thank you max stay tuned for the second half i'll be speaking to former energy

lloyds j.p. morgan goldman sachs b.n.p. they're part of a daisy chain of fraud a house of mirrors of rehab off occasion where there is no collateral buttressing any of these bonds whatsoever they hold in their books for one hundred cents on the dollar they're worth zero cents on the dollar the bond pocalypse is upon us these bonds to be marked down to zero not by government edict what should be the case if there was a functioning government represent the government but by the by our collapse which means that suddenly the shot is. wired i predict that once china or i should say james records for next once china and now says that they have four thousand tons of gold and they are talking about a gold back room in b. this will be the trigger that starts the cascade of bond pocalypse resulting in interest rates in the u.k. and us around the world going up three four five six percent in a week i stay sober thanks so much for being on the kaiser report thank you max stay tuned for the second half i'll be speaking to former energy

i see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sells you know a big lump of suv very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a page and it's very. if you're a futurist try to sit in the pit and j.p. mode come in and so a big lump of silver you don't know with their proprietary days you don't know whether they had you know some of the loan agreement where they've lent the mining company some money and they've had to forward some production you don't know what drives the deal we can see is them doing it you have absolutely no idea behind what driving the transaction they did the industry the mining industry silver gold mining they have a need to hedge their output to lock in prices and to get some predictability in the earning stream. variable i would look at like american barrett big gold miner for example they have gotten rid of all their edges there they've cancelled their heads and their net buyers of gold

to see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sell those you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a hage and it's very easy. if you're a futures try to sit in the pit and j.p. move would come in and so a big lump of silver you don't know with their proprietary days you don't know with some of the loan agreement where they let the mining company some money and they've had to forward some production you don't know what drives the deal where you can see is them doing it you have absolutely no idea behind what driving the transaction they did the industry the mining industry silver gold mining they have a need to hedge their output to lock in prices and to get some predictability in the earning strange. variable item but it looks like american barrett big gold miner for example they have gotten rid of all their edges there they've canceled their heads and their net buyers of gold in t

these poor people also comparing this again to the financial crisis we were jamie diamond of j.p. morgan has been braiding regulators around the world saying these minimum capital requirements we can't stand it because of these minimum capital requirements we have to basically lie and tell you it's all good or part of this horsemeat or don't give me scandal is the fact that in romania in the last few months they've banned horses and don't keys on the roads so there's been an oversupply of all these don't keys and horses that people now don't want to feed because they can't use them on. the roads so apparently this is what they're claiming is why there's honk honk. my burger you know that can be a problem you know there's no money home so that's where the whole thing ever population is going to burn or that's all in. their. mind you go home at the infestation problem just turn the lows on you is a big deal. again so the f.s.a. in this case the food standards agency was made aware of the situation and once again they attended a cover up the article says the f.s.a. set up in the wake of the

these poor people also comparing this again to the financial crisis we were jamie diamond of j.p. morgan has been braiding regulators around the world saying these minimum capital requirements we can't stand it because of these minimum capital requirements we have to basically lie and tell you it's all good well part of this horsemeat or don't give me scandal is the fact that in romania in the last few months they've banned horses and don't keys on the roads so there's been an oversupply of all these don't keys and horses that people now don't want to feed because they can't use them on. the roads so apparently this is what they're claiming is why this honk honk he gave me to my daughter you know that can be a problem you know there's so many home users so over the holiday overpopulation we decided to turn them into burger that's all and on is. mind you go home at the infestation probable the start of the law is on you is a big deal. so the f.s.a. in this case the food standards agency was made aware of the situation and once again they attended a cover up the article says the f.s.a. set

was watered down no pun intended i guess to less than a third with hedge funds hybrids capital j.p. morgan and northwest mutual buying into the company now well i think we're going to remakes when it's up with jamie diamond sweeney todd laurie slicing and dicing those customers and feeding them into the lasagna burgers at least their wealth of course. is a honkey for sure. i say sarah thanks so much for being on the kaiser report thank you stay tuned for the second we'll be speaking to david graber author of dead the first five thousand years. i never knew adam lanza person but i was in the same high school as that he was younger than me just little bit younger. i always thought he was different i always into something funny he rarely talks and you don't he was a shy kid. i don't know anyone who was friends with him i also don't know of anyone who is particularly mean to the what i do know is that it was very clear that this person was not like everybody else. can manage the level of mental illness that would be present to murder show. america's so when you go on this there would be an ame