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Executive of america's largest bank is testifying on capitol hill. jamie dimon explaining how jpmorgan chase lost more than $2 billion on risky trades and whether the bank failed to properly manage those risks. the hearing delayed by some protesters angry about foreclosures. we're told six of them are under arrest now. dimon expected to tell the panel the bank has taken steps to prevent such losses from happening again and a new executive is running the investment operation responsible for losing all that money. the bank is also investigating what went wrong. if you want to watch his testimony...

In the senate and he could have had total control over reducing the deficit. that doesn't fly in the face on that party line. >> the question is, is this the right strategy. you heard it if you watch our show every day. and you are hearing the wrong stuff. is the wrong strategy according to democrats. he's listening to the speeches. he said we'll face an impossible head wind in november. life is a struggle. they meaning us . convincing them that things are good enough for those that found jobs is a fool's errand. >> how did he come up with that. >> this is the research that james carville and ...

Jon: the republican party is aiming to recapture congress in november and possibly take back the white house in 2010. gop powerhouses have built a massive fundraising, organizing and advertising organization to try to do just that. let's talk about it with karl rove ones again. -- once again. he is the political architect of the bush presidency and a prominent force behind this conservative coalition. he rejoins us from texas once again. karl, is this an admission by your party that democrats simply outcome peted with you the last time around? >> reporter: well on the last several election cyc...

Excuse for political fund-raiser. here for "the clash," democratic strategist, james carville, and republican strategist, mary matalin, both cnn political contributors. fun raising in a moment. but first i want to talk, james, you with a briefing with a new poll that you've done with the democracy core, and stan greenberg, he was bill clinton's democratic pollster. at the breakfast he said if the election were now, we would have a change election. we would have a 1994. now, he also said that he thought scott brown may have been the 1994, may have been the big boom and that there's time, seven ...

>> i'm not predicting the outcome. what i'm saying is, there is the most enormous amount of pressure exerted on these members. the amazing thing is they are going off the cliff with these leaders. the democracy core poll today, republicans have a 2-1 favorable on the ballot this is stan greenberg's poll. the democrats are of 1-1. pending disaster. >> you wanna weigh in? listen to rahm rahmbo dead fish he would his own mother, son of the devil, spawn. do you think this is indicative of what is going on, buying votes and influence and twisting arms and doing everything they can, does that hurt t...