CNNW Erin Burnett OutFront May 11, 2012
good evening, everyone. i'm erin burnett. "outfront" tonight, warning signs ignored. the fallout swept around the world today from america's biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan's shocking trading losses which 0 could be up to $3 billion and the credit rating agency fitch slapped jp morgue win a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america's most well-known banker was taken by surprise. here's jamie dimon one month ago responding...