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im wolf blitzer. youre in "the situation room." the largest bank of the united states is called to before congress to explain a $2 billion loss that one lawmaker compared to russian roulette. jpmorgan chase ceo jamie dimon appeared before congress saying he could not defend or justify the trades that ultimately imploeded. liz zi was there watching it all unfold. and it was very dramatic. >> it was very dramatic. ive known jamie dimon and covered jamie dimon for a long time, wolf. usual...

Take the public schools. the whole point of the public school movement, if you go back to its founding, was not only tç provide everyone with an education, it was to bring people together in a common space that would cultivate a shared, democratic citizenship. if we disinvest in the civic infrastructure of public life, we create a way for the affluent to leigh public life. those are not only unfair for those left with shoddy surfaces, its also a -- and the 1% in this actually ends up feeling mo...

We learned in history with president frankly roosevelt that after the great depression when they started hitting the deficit breaks too soon, they went into a double dip recession and higher unemployment. weve got to go beyond that. weve got to make sure this economy is growing with more jobs and more business success. >> while the tomorrow of tomorrow nights speech will be on the economy, president obama also will press, were told, for national unity. in a video e-mailed over the weekend, presi...