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CNNW Early Start May 14, 2012



wired. that s okay because there s lots of news this morning. up first this morning, heads about to roll. at jp morgan chase. according to bloomberg, the firm s entire london staff could be dismissed. the banking giant also expected to accept the resignation of this woman, ina drew. pulling down a salary of over $15 million a year. drew and two other company executives being held accountable for a stunning $2 billion loss. ceo jamie dimon doing damage control on sunday talk shows is. it was a stupid thing that, you know, we should never have done but we re still going to earn a lot of money this quarter. it isn t like this company is jeopardized. we hurt ourselves and credibility, yes, that we have to fully expect and pay the price for that. christine romans is here with us this morning. how much worse is this going to get? i know we were hearing about billion dollar loss, they re going to weather it. the big question is why should we care. the real damage her ....

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