pay 80 million in fines about credit card billing and yet another $80 billion in fines over the london wales trading scandal. the ceo said the bank has acknowledged our mistakes from the start and has worked to fix them. diamond respected as a risk manager on wall street has take an big hit over that trade that generated $6 billion in paper losses. he initially characterized the storm over it of course as a term pet in a teapot. >>> a shocking story out of

the london wale was petting in one of the most complex cds indices. cds could credit fault swaps is what cracked the back of the crisis with aeg and everybody else. that's what jpmorgan was betting on in the london. jamie dimon himself said no one, not him, no one in senior management risk or compliance at jpmorgan chase had any idea a bet that risky was even being put on with their depositors' money. >> let's not forget the positives that have occurred in the last five years. the banks have raised an enormous amount of capital. close to $300 billion in capital. leverage yaratios are down. no doubt about it. balance sheets are stronger with all that capital having been raised. let's not even go into regulation because the regulatory environment has become a lot more own runerous. fdic, consumer protection bureau, a whole host of new oversight. there are some positives here. >> i would just say, i think the thing we have to watch out for, because people are probably looking at us right now, what's in the future? i think it's fascinating the whole world

they're going to admit they didn't discover the london wales trades quickly enough, and had lax procedures or lack of significant systems of internal control. those admissions will be used in subsequent proceedings that may be brought against jp morgan, so this is a major new step for the sec, will have serious ramifications for jp morgan. >> as we said, they may face criminal actions, if the probes by the fbi and manhattan prosecutor's office bring them about and the ftc may do that. are there ramifications beyond jp morgan in the fact that they're paying a lot of money to make this issue supposedly go away, and having to admit some responsibility? >> i think there are ramifications. first of all, this tarnishes the reputation of the bank, which has prided itself on being very well run and has that reputation. secondly, i think for the sec this is going to elevate the standards that it will apply. $800 million in a collective settlement is a huge amount of money. getting admissions from jpmorgan of the nature that are involved is also highly significant and it is going to raise the bar fo

against capital markets and economies bell ends bailouts and the bond pocalypse class crashes london wales and obamacare m.f. global jefferson county and cyprus manipulating metals librorum for ex vampire squids and tapeworms we've covered it all here on the kaiser report but aside from the bad and the ugly we've also covered the good silver gold of bitcoin the global insurrection against banks or occupation aka. move your money and campaign will pay and the most interesting guest of all financial media mainstream or alternative and the best audience for sure that's you right stacy yes max and of course five hundred episodes of the kaiser report we have an audience out there including a look say t.c. h.q. or n.s.a. they've been forced out of the dark by edward snowden and they are after all a little bit. that only people who put that type clearly here. there we go we started the show in november of two thousand and nine four years later we're at the.

against capital markets and economies bell ends bailouts and the bond pocalypse class crashes london wales and obamacare m.f. global jefferson county and cyprus manipulating metals librorum for ex them prior squids and tapeworms we've come.

of the comptroller of the currency over charges of shoddy supervision related to the so-called london wale fiasco and $6 billion in trading losses. >>> other banks, better news. goldman sachs, bank of america, citigroup will pass their midyear stress test proving to the federal reserve they have enough capital in reserve to withstand another severe economic downturn. all three of those finished higher. >>> another technology glitch which impacted trading on four major exchanges for awhile today. this time it was stock options exchanges that were forced to halt trading for about 20 minutes this afternoon following a breakdown in the data feed that supplies options price quotes to traders. >>> far from wall street just three miles from the white house, in fact, at least one gunman opened fire inside the washington navy yard. a heavily secured military installation leaving at least 13 dead including the shooter. eamon javers joins us with the latest on a mass murder so close to the white house and capitol. eamon. >> reporter: hey, guy, what we're seeing right now is the situation where we kno

against capital markets and economies bell ends bailouts and the bond pocalypse class crashes london wales and obamacare m.f. global jefferson county and cyprus manipulating metals librorum for ex them prior squids and tapeworms we've covered it all here on the kaiser report but aside from the bad and the ugly we've also covered the good so over gold and bitcoin the global insurrection against banks to rock your patient aka jumbo move your money and campaign will pay and the most interesting guest of all financial media mainstream or alternative and the best audience for sure that's you right stacy yes max and of course five hundred episodes of the kaiser report we have an audience out there including a look say t c h q or n.s.a. they've been forced out of the dark by edward snowden and they after only a little bit. that only people who put it that the time clearly here. there we go we started the show in november of two thousand and nine four years later we're at the five hundredth episode and you know i'm going to go over some of the topics the things that we've seen over these years and

grand jury has indicted two former jpmorgan traders at the center of the bank london wales scandal.n the united states. >> the federal grand jury returned charges against the two men for allegedly hiding losses on the betts. they are accused of manipulating and inflating the value of positions in a credit derivative portfolio within the bank's chief investment office if london. they've been charged with five counts, securities and wire fraud, security, making false statements to the s.e.c. and falsifying books and records. now, the trades in question were made by bruno exhale. he hasn't been charged and is reportedly cooperating with authorities. the justice department filed criminal charges against the men last month. the grand jury indictment allegeds they hid the trading losses to boost their chances for bonuses and promowings and martin-athio hoped to stop them from 3406g the credit portfolio to another position. they needed the indictment to move forward with his extradition from spain where he was arrested and released in august. jpmorgan has not been charged criminally in the

now think of the london wale trading snafus.ettled at one. >> reporter: budget traders that made a mistake in the of the moment and used overly optimistic mark to market accounting on their trades, but is it really -- was it really fraud at this massive level? that is how they made it out. i look at this as, you know, if this thing does not stop. and this deal, i think it is a big step in that direction. there is lot of other stuff out there that they could be gained with which they know. if this thing could be capped at 10 billion, does that have a material impact on earnings? i think yes. liz: right now the whole idea is having a material effect on the stock. >> professors, experts, so i'm saying that this is interesting. they're not serving individual executives. the shareholders will be paying for this. that is always. >> reporter: with eliot spitzer and all of these guys that went after wall street, and this is why it is bad. you are taking blame away from individuals and dispersing it among individual shareholders. >> and

pay 80 million in fines about credit card billing and yet another $80 billion in fines over the london wales scandal. the ceo said the bank has acknowledged our mistakes from the start and has worked to fix them. diamond respected as a risk manager on wall street has take an big hit over that trade that generated $6 billion in paper losses. he initially characterized the storm over it of course as a term pet in a teapot. >>> a shocking story out of miami involve aring a shooting, a car chase and a parent's suicide. we'll show you this it first unfolds in a 48-year-old man allegedly shoots and kills his ex-girlfriend and her daughter. a horrible tragedy and then the suspect antonio falue, leads officers on a high-speed chase endangering more lives which ends when he crashes into the car you see there. he killed another driver. when officers tried approaching his suv they report shots are fired. police then call in the s.w.a.t. team only to find falue took his own life. investigators later discovered hydroponic library inside falue's home and seized 43 marijuana plants. horrible story. >>> the

hung up over whether or not the bank should admit to trying to manipulate financial markets in the london wale trades as part of any settlement. jpmorgan's ceo jamie dimon was in washington yesterday working on a possible settlement in another area. sales of billions of dollars of securities backed by bad mortgages. tracy: thank you very much. dennis: $440 million backdoor bailouts for detroit, as the nation learned the new details about the way before it squandered billions of dollars. tracy: marching to a different beat, a deal for the head phone maker and private equity firm behind it, details on the next episode of dr. j. coming up. don't go anywhere. nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. see who does good work and compare costs. it

opponents of the prince of wales in london said the very same thing applies on the national level as well, and they say that raises serious questions about the conduct of the man who will one day be king. the rule set in stone says the monarchy is apolitical. not only does the queen meet the prime minister every week, but charles is known to write to and meet ministers regularly on issues he's concerned about. his critics say it's in direct breach of the powers to protect the freedoms of people that didn't elect him. >> he has a curious mind world view, which is a combination of traditional christian values and sort of this kind of holistic environmentalism that puts him in the sort of manor house on the field. that's kind of his mentality. >> reporter: his supporters meanwhile argue that the people expect the future king to exercise some opinions and join in the national debate. the prince who is somewhat of a gab fly putting independent views as long as it's not party political, he has the right to do it. if we don't want him to do we need to define what the prince of wales means.

grand jury has now indicted two former jpmorgan traders involved in the bank's london wales trading scandal. they accused of hiding hundreds of millions of dollars of losses on market positions in a credit derivative portfolio. kate kelly reports jpmorgan is close to paying about $800 million in fines related to the london whale losses. get this part, .this may be the most important of all of it, jpm will admit to wrongdoing aus part of a settlement and that will be perhaps one of the first time we've seen that. it could be a key change for how these legal settlement.son wall street are made. joe. >> that's interesting. wrongdoing. i'm trying to figure out what was the wrongdoing at that point. >> it's going to be about supervision. this is not about criminal wrongdoing. this is about supervision and how things were overseen and the lack of safety -- >> so the question is whether the bank made a bet, right, instead of hedged its portfolio. they were still allowed to do that if they wanted at that time, right? >> that they are. this is much more about control. >> internal control. internal c

he will be returning from wales to live in london. he and his wife are set to take up residence in kensington palace with their son prince george. one of germany's leading actors, otto sander, is dead at the age of 72. he began his acting career in theater before moving to films and working with well-known directors. he was best known for his role as a shellshocked submarine captain in "das boot." >> there was always a chair reserved for otto sander at a legendary paris bar. he was a towering figure of film and theater and a master of comedy and tragedy. he was a precocious talent named the prettiest baby in lower saxony where he was born and raised. he made a name for himself on stage in the 70's. it is a very delicate process. i want to let part of me out, open myself up so you can look in. he moved to the big screen winning international acclaim in films including "wings of desire." and for his role as a captain in the epic war film "das boot." last year, he was in a comedy called "fly away" where he pai played a cancer patient. he

opponents of the prince of wales in london, say that raises serious questions about the conduct of the man who one day will be king. the rule says that not only does the queen meet the prime minister every week but charles is known to meet prime ministers on things he is concerned about. >> he has a rather curious mind sort of world view which is kind of a combination of you know traditional christian values and eastern mysticism and environmentallallism that puts him in the manor house with his ser serfs. >> the prince is sort of a gadfly putting independent views, so long as it's not party political, he has the right to do it. if we don't want him to do it we ought to define what the prince of wales actually should mean. but if it's opening things include him out. >> at the time when support of monarchy, the debate of charles finances runs against grain of popular opinion. suggests the establishment itself wants to clear up what might become an image problem in the future. lawrence lee, al jazeera in cornwall. >> well, michael eaves is back here with sports and i'm glad that the miam

. >> opponents of the prince of wales in london says the same thing applies on a national level, raisingserious questions about the conduct of the man who will be king. >> the rule set in stone is that the monarchy in britain is political. not only does the queen meet the prime minister, but charles is known to write to and meet ministers on issues he's concerned about. his critics say it's in breach of his powers to reflect opinions on to people. >> he has a world view, a combination of traditional views and wholistic environmentalalism putting him in the manor house with serfs on the field. that's kind of his mentality. >> his supporters argue that the people expect the future king to exercise opinions and join in national debate. >> the prince is a gab fly putting independent views. so long as it's party political he has the right to do it. if we don't want him to do it, we should define what the prince of wales manies. >> at a time when support for the british monarchy is weaning the bebait on his politics runs against the grain. they may want to clear up what may be a problem in the

proponents to the prince af wales that london says the same thing arises on a national level. it raises conduct issues about the man that may be king. >> the rule set in stone says the monarchy is apolitical. the queen meets every week, and charles has been known to write regularly on issues he's concerned about. it's been said to be in direct contrast to his powers. >> he has a world view, a combination of christian values. easternise. . hollistic environmentalism puts him in the manor house with the fields. that's his mentality. >> his supporters, meanwhile, argue that the people expect the future king to exercise opinions and join in the national debate. >> the prince, somewhat of a gab fly, putting mousse. so lang as it's not party political, he has the right. if we don't want him to do it we should define what the apprenticeships of wales means, if it means attending and opening things - include him out. >> at a time when support for the monarchy is out stripping politician. the fact that this is being investigated suggests the establishment wants to clear up what may bec

opponents of the prince of wales in london say it applies on a national level as well. they say it raises serious questions about the conducts of a man who will one day be king. the rule set in stone is the monarchy in britain is apolitical. charles is known to write to and meet ministers regularly on issues which he's concerned about. his critics say it's in direct breach of his powers to project his opinions on people that didn't elect him. >> he has a rather curious mind world view which is a combination of, you know traditional christian values and sort of this kind of holistic environmentalism that puts him in the sort of manor house in the field. that's kind of his mentality. >> reporter: his supporters meanwhile, argue that the people expect the future king to exercise some opinions and join in the national debate. the prince who is somebody a gadfly pushing independent views. if it's not political, he can do it. if we don't want him doing it we need to define what the prince of wales means. >> reporter: at a time when support for the british monarchy is far over

as absolution levels in the british capital reach a high londoners are encouraged to meet their cars at home and shift for wales to get through all these point to point out takes up the story for us. all the great london small give nine hundred fifty to britain was back in the dozens of square miles one blanketed day off today reading this result was an unhappy drunk can't be healthy for anybody today it appears much cleaner but the reality is that london's air is so dirty it's been breaching the legal limits set out by the e.u. for years. thirty thousand deaths are attributed to pollution annually people look at the air today and it's clean but unfortunately it's still very dangerous. air pollution today is completely invisible but the reason for this is it's very small microscopic particles and that's also the reason that they're so damaging to your health because they can travel deep inside your security system and it's london's car travel that's largely responsible for it cars and lorries emit an invisible gas called my trojan dioxide known as the silent killer its effects on noticeable it can cause or spir

but his journey from london right up to west wales sore of wearing on him a bit.tted to being in the military because he likes being in the military, treated as a normal guy in the military and ultimately head of the armed forces when he becomes king. he's committed to the military. what was a surprise he was leaving the military altogether. there's some sort of confusion about what exactly he is doing next because he -- he isn't going to become a full-time royal, we're told. just a year, a transition year, and he may take up a new sort of job not in the military but in the public service somewhere next year. but for the next year, he's going to be working with his charities, conservation in particular, and with the royal family. i think probably he's going to spend some time with prince george as well, his newborn son. the new apartment is soon ready. they're settling down as a family, outside the military, some people really questioning what that means but it's straightforward, really. he's not quite decide what he's like do in the longer term. >> his heart is c

. >> reporter: naomi watts hit london's red carpet like royalty for the world premiere of "diana." she plays the princess of walesit's the biggest risk one could possibly take and a huge challenge. >> reporter: the controversial film seems to portrays the last two years of princess die a nachlt it depicts diana and land miles and a secret love affair with dr. hasnat can. >> a lot of people didn't know about the love story between her and dr. hasnat khan. >> when you fall in love, you keep going despite the warning lights. >> reporter: their relationship report reportedly ended shortly before she died in a 1997 car crash along with boyfriend dodi fayed. the real one denied it and said it's based on gossip. he calls it a dramatic interpretation. >> perhaps i can show you around. i would adore that. >> reporter: diana's sons are only portrayed in one short scene. >> i'm absolutely certain william and harry would never watch this film because it would be incredibly hurtful. >> reporter: critics may accuse movie makers of cashing in on dinah's memory, but watts says she hopes the film will bring back good memories of

yes, the former princess of wales continues to fill headlines as diana, the movie, debuts today in londoni watts stars as the people's princess, offering a controversial glimpse into the life of one of the world's most beloved 16 years after her death. >> i've been talking to a lot of people in the u.k. today and a lot of the people are saying we don't want to see this, why can't the princess rest in peace. >> but peace for a princess seems all about impossible, as any hint of highness gathers a crowd and sometimes conspiracy theories. just last month investigators say they were examining new information about diana's untimely death, under suspicion that her paris car crash was a cover up for murder by a member of the british military. showing that even in death royals may not escape the spotlight. >> since the beginning of the royal family we've been obsessed by them. what it is is because their power, their glamour and most of all their mystery. >> as prince william recently told cnn, it's to be expected. >> unrequired is the exposure of more personal details. >> poetic license had to b

now with as much as the entire property of wales scotland and northern ireland combined so it's where the money's be created is where the inflation is in london five the city right internet economy that's a fair market or free market or capitalist economy that's based on the concept of a meritocracy the distribution of wealth would be a hedge of monic it wouldn't be concentrated and if i said that correctly and after i used the word germana correctly i'm going to go back and review the time noting you're done and wait till we get to dictionary but in other words because the proximity of the london housing market to the bank of england and they're printing the money their prices are going up and then the money is never making it out to the sticks as we would say the united states are now isn't this just like. you're at the head of the river. bed and then as the river flows north and this case gets full of toxic securities and toxic business and toxic political policies and then the people in manchester and the people in birmingham and sheffield end up living down river so to speak with all the garbage that ends up in that water that's originat

now with as much as the entire property of wales scotland and northern ireland combined so is where the monies be created is where the inflation is in london five the city might enter an economy that's a fair market or free market or capitalist economy that's based on the concept of a meritocracy the distribution of wealth would be a hedge of monic it wouldn't be concentrated and if i said that correctly enough i used the word germana correctly i'm going to go back and review the time not being on your way to get to dictionary but in other words because the proximity of the london housing market to the bank of england and their printing the money there are prices are going up and then the money is never making it out to the sticks so you would say the united states are now isn't this just like. you're at the head of the river. bed and then as the river flows north and this case gets full of toxic securities and toxic business and toxic political policies and then the people in manchester and the people in birmingham and sheffield end up living down river so to speak with all the garbage that ends up in that water that's originating from lo

of the prince of wales here say it's become so big that it's able directly to influence political and economic decisions against the interests of people who live here. opponents in london the same thing applies on a national level as well raising serious questions about the conduct of the man who will one day be queen. the rule set in stone is that the monarch i is a-political. charles is known to write to and meet ministers regularly on issues which he is concerned about. his critics say it's not his job to do that. he has a rather curious world view, which is a combination of traditional christanvals and eastern miss at this civil and sort of this holistic environmentalism that puts him in the sort of the the manner house with his surfs mending the field. and that's his mentality. >> reporter: the his supporter expect him to exercise opinions and join in the national debate. >> the prince who is somewhat of a gab fly puts in independent views, as long as it's not party political he has the right do it. if we don't want him to do it. we ought to define what being the prince of hale of whale act. if it just means watching include him out. >> reporter: at a time when th

wales dmiied in a car crash paris the week before. now her story has been made into a big hollywood movie. naomi watts plays diana in the film that premiered in londonay. the controversial movie that forms diana's romances after her divorce from prince charles is getting mixed reviews from british critics, noting a lackluster dialogue and historical inaccuracies. but most reviews commend naomi watts for her portrayal of what many call the people's princess. also a great article in "vanity fair" about that if you happen to check that out. building animatronics is all about getting things to work together. the timing, the actions, the reactions. everything has to synch up. my expenses are no different. receipt match from american express synchronizes your business expenses. just shoot your business card receipts and they're automatically matched up with the charges on your online statement. i'm john kaplan and i'm a member of a synchronized world. this is what membership is. this is what membership does. ♪ now you can give yourself a kick in the rear! v8 v-fusion plus energy. natural energy from green tea plus fruits and veggies. need a little kick? o

london. in the netherlands, cavalry guards trained for the next week opening of the parliamentary year. and in indonesia, drummers perform at a festival. and in walesictures coming in from around the world. remember, you can always follow what is going on here in "the situation room" on twitter. tweet me @wolfblitzer. thanks very much for watching. i'm wolf blitzer in washington. "crossfire" starts right now. >>> tonight on "crossfire," vote for gun control, lose your job. it just happened, twice. >> if doing this costs me my political career, that's a very small price to pay. >> a veto fight in missouri. is it the will of the voters or special interests butting in? on the left, van jones. on the right, s.e. cupp. and in the crossfire, john morris, who lost a recall election this week because of his gun vote. and will cane, a gun rights advocate. the fight over guns. is your state next? tonight on "crossfire." >> welcome to "crossfire." i'm s.e. cupp on the right. >> and i'm van jones on the left. tonight we're debating guns. but i want to tell you right up front, both sides' arguments make zero sense to me. i go to a lot of funerals for the victim

london for the new film. it's about the last two years of the life of the princess of wales. she died in '97 in a car crash.e best one. >> that's our lead. the times wrote that watts was doing her best with an embarrassing script. diana can only be described as a fabulously awful film. >> premiering in london, that's got to be really tough too and of course it's such a precious story to their history and, i mean, but -- >> do you think people go see it? >> i think now they really will go see it? listen, if i listened to all the bad reviews i would never see anything i was in. so i don't -- i don't read reviews, sorry. but i don't. >> they do taint the way people feel. if you hear it over and over again this is really terrible you're not going to waste $12. >> i went and inspite of the reviews, i went to see the lone ranger and i enjoyed it and my 14-year-old enjoyed it. >> this is pretty unanimous but by the same token reviews have gotten out of hand. they used to be about the piece and they would dissect it and talk about the pros and cons and the positive aspects of it and now they just sort of trash it a