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Detailed text transcripts for TV channel - FOXNEWS - 20120606:14:33:00

Explain that loss to anyone? or will the government sort of be all by themselves out there today. reporter: thr-s hearing it s all government with folks from the federal government, the federal reserve. the federal consumer protection bureau. they will all be testifying today. a week from today, next weeks, jpmorgan s cep jaime diamond will be receiving. they are saying today that government regular hraeurts are working with jp morgan to figure out how to manage and derisk the huge portfolio that caused one of the nation s biggest banks $2 billion. martha: by most accounts it was a trading error, which happens, when investment money is put at risk in the market. we ll see what happens, peter doocy, thank you very much. a lot of regulators. bill: breaking news out of los angeles. a sad note here, at the age ever 91 the famed automatic though, ray bradbury has died. ....

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