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i'm wolf blitzer. you're 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. i've known jamie dimon and covered jamie dimon for a long time, wolf. usually when he comes to washington this is a town where he's received with open arms, even at the whi...

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, it's also a -- and the 1% in this actually ends up feeling more alien ated. and you have a resentment for those who live in the skyboxes as opposed to a forced

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. we've got to go beyond that. we've got to make sure this economy is growing with more jobs and more business success. >> while the tomorrow of tomorrow night's speech will be on the economy, president obama also will press, we're told, for national unity. in a video e-mailed over the weekend, president obama made it clear that his remarks would be geared towards the political center in an att...