at me, at wee seeing wh the bank, watch, this jpmorg litigatn reserve, cash stockpile to dl wi lawsuitsmarke cap p'mkingo th guys werice or morgan stanleyone of them equipped, this is no joke, but true washgton, d. actually does create job because the compliance workforce is getting people tdeal with regulators. >> and firing othe to deal with the cost jo ling, how bad does it ge -p>> three b laying off thsands of people. there is a l of m&a activity, a lot of that a bigcompanies t tech space they cover acquiring smaller companies there is this upck. and get dls and all that. >> exact. wagton is enginin a sad, terprise, 've seen itith half of jpmorgan's annual rnings. a lot ofmoney,he govert is coming after tte companies. >> whathey're sing is we're havi meetings to ta about meetings with meetings with regulators. they're caing it ts at citigroup ana rgan cha peon said that. they kw the was a scwup but talking about the productive vegetive universe whi isike dodd-frank, it'sever-endgg tide of rule nitpicking. >> ridiculous. in the meantime, onto issue two is the msage behind rstellar le

thlargt solar plant back by ogle, jpmorg, une sam seeking more taxpayer money and blaming the baweatheforrmce. live in the l.a. burereau. >> bailout, handled, givwa incentive, gerriyoudecide. ey have caed it a land grabbing, brd killi machi. opponents s it wi hp ve us from global warming making invement wth the cos it is the mave dert receiving 1.6 billion in federal loans, now however this is only a fraction of the electricity promisand wealthy investors ining ogle andrangey energy ant $5 mlion in ca grants, aubsidy youtax mone pay off their billi dollars %@>th was a attempt by the cash generg coanies that have bilons on their balance sht to get a federal bailout, a bailoufrom us, the taxpayers, for thr projt. is actually rather obscene. >> and rg ys it is simply take advantage of handoufor clean energy. they generated a quarter of the megawatts prrmised. wh they say the s isn't shini as much as ttey hope, ich sourceesn't 24/7 power to compensate their burning natura gas. telling us percting cutting edge chnology takes time. this is not theirirst controversy, first gain atten when the th

the fines were issued to jpmorg jpmorgan, citibank, hsbc, rbs, and ubs. >>> the actor reportedly suffered called dementia. it can cause a decline in mental abiliti abilities in mental patients. it often affects those with parkinson's disease. >>> a new study in the public library of science finds that as children get older their internal biological clocks cause them to stay awake later. research says the start time should be moved later but parents are saying, no, way. let's get them out the door. >> i wish they'd do that with the news. one hour would make such a big difference. >> spotify is responding to taylor swift pulling her music. anthony mason shows us how spotify is trying to find some harmony. good morning. >> good morning. spotify claims it's paid more than $2 billion in royalty to musicians and their labels but the company took pains to say it agrees with taylor swift, desperate to patch things up with the star. ♪ don't say i didn't say i didn't warn you ♪ >> the message in her latest single "blank space" seems pretty clear. don't mess with taylor swift. and spotify says it un

but i do love the position that jpmorg jpmorgan's in and i like many of the other banks like bank americafter coming through what they have come through over the past few years so if we knew that that piggybank would stop getting broken every time the government wanted to tap them, i would be buying with both hands but the only one i own is bank america and it's just because in my way of calculating it's just so hideously cheap. >> i wonder if it makes main street investors and those -- consumers, anymore confidence in wells over some of the other banks and whether that change in terms of consumer perspective anymore transparency of what's happening and any way they can make it understandable to the retail investor and to the consumer's very helpful. >> we have a couple of seconds left here, steve, but it is an issue that strikes to the core of what elizabeth warren has been out there saying, as well, saying to janet yellen, we want the see real ways of resolving these banks to avoid a too big to fail situation. >> yeah. you saw the rejections of the 11 after warren basically called yelle