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CNNW Erin Burnett OutFront May 10, 2012

outfront 1, breaking news. america s biggest bank hosting an emergency call as its stock falls. why? jpmorgan is facing significant losses and says it took more risks than it should have. the losses to this point, the company says, to the tune of $3 billion. here s some of the things the ceo jamie diamond just said moments ago on the call. he said the trades were, quote, flawed, complex, poorly reviewed, poorly executed and poorly monitored. these were egregious mistakes and self-inflicted. just because we were stupid doesn t mean anyone else was. there were many errors, sloppiness and bad judgment. now, this adds to what the company released in a filing today, which is amazing. quote, this portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed. the portfolio in question, a portfolio of synthetic credit securities. i ll get to that in a moment. but this is bigger than jpmorgan. the wall street journal ....

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Detailed text transcripts for TV channel - MSNBC - 20110630:04:53:00

But this existing license has 19 more years to go before they hit that next 20 years. what we found in the last month is that water is now corroding the concrete at the plant where it protects safety features. should we give them another 20 years right now, even though there s 19 more years to go on the license? should we wait, learn all the lessons where safety might be compromised, mandate that they have to build in those safety measures as a precondition to getting the extra 20 years. the nuclear regulatory commission believe it or not, since fukushima has given five new 20-year extensions to these already old nuclear power plants without mandating the implementation of any of the safety lessons from fukushima, that s what s scary. that s what makes you believe that the lessons haven t been learned, that the industry ....

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Detailed text transcripts for TV channel - MSNBC - 20130618:21:15:30

Detailed text transcripts for TV channel - MSNBC - 20130618:21:15:30
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