Detailed text transcripts for TV channel - FOXNEWS - 20120512:11:19:00
Have incidents like this frimght from time to time. j.p. morgan mats girth this will not take them down. there is always this risk. that's what happened at bank in britain years ago. similarly a trader brought the bank down. this time it was more institutionalized. mr. dimon knew exactly what was going on. it is hard to say he was really hedging. what it does indicate is that we simply can not have these financial casinos where people like mr. dimon don't bank but gamble. you know, connected to our depositories. it's not a case for more regulation. his alibi doesn't work. this is going to happ...