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Sorbain's and dodd-frank in place and this happened anyway. >> i'm not afraid of regulation but that can't possibly work. it does nothing but allow forum shopping and allow people to points fingers at someone else. we have a significant degree of self-regulation. i think it's a good question whether self-regulation is applicable in today's world. >> reporter: a top regulator says they know where this $1.2 billion went. whether they ever get their hand on it is another question. megyn: james rosen, thank you. president obama's interview with a virginia tv station is getting a lot of attention. ...

Company called digital globe which took the pictures. china says it's using the carrier only for research and training, and right now that's probably all they can use it for. experts say it could take some time for the chinese to develop and put in place all the systems needed for launching and retrieving aircraft from that vessel, and no planes were seen in these first-ever pictures. an expert who works with digital globe told us, quote, this is a major step for china because it's now moving under its own power in the yellow sea. while the carrier's not fully operational yet, there is certain...

Iowa. megyn: you know, ambassador, the white house had referred initially inquick question ris on -- inquiries on this to the iraqi government to get to the bottom of who this guy is and what he was doing there. the victims of the attack are expressing serious outrage. one gentleman, william, who survived the bombing came out and said, quote, outrage to the white house really doesn't describe what i feel. he went on to say, i watched outstanding airmen die that night and witnessed horrific carnage and really is scratching his head as are so many others about why this man who we don't have dire...