Michael Seymore News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Held financially responsible for any fraud rolfing the -- involving the cards. a short time ago jp morgan chase notifying customers who used cards at target during the security breech that it is putting limits on the use of the cards. this is according to reuters. $100 for cash withdrawals and $300 a day for buying stuff. michael seymore is here now and good to see you. >>- q. i thank you for having me. -- >> thank you for having me. >> i want to start with jp morgan chase, is that the right move? or just put them on the lookout for unusual purchases? >> at the end of the day it is risk manage...

A golden reputation. so what happened? here is michael seymore now president of private wealth strategies. mike good to see you. >> thank you, arthel. what was the date used to get these investors object hook in the first place? were the investors blind sided or did they know what he they were getting into. >> if you want me to tell it you, you know, maybe a bedtime story once upon a time the chinese had billion dollars and billion dollars of dollars of orders on wall street trading desk do buy a.a.a. rated securities. and the wall street firms, of course, we don't want to disappoint the good ...

J.p. morgan has sufficiently annualized this situation. they have reserved adequately against this. no, they are certainly not going to be put out of business. >> $23 billion cushion for litigation reserves. michael, i have to go. apologize for cutting you off. i have got to hand it over to greg now he has a legal panel standing by to discuss some interesting stuff in the football league. stick around and listen to that one for me. michael seymore. >> i certainly will. thanks a million, arthel. the legal action is certainly heating up in the miami dolphins bullying scandal. jonathan martin a...

Of supervision, level of risk management is never going to be where it needs to be. >> michael, you are saying then the chief executive of jp morgan we are talking about jamie diamond his personal assets will be untouched is what you are telling me? >> well, i think, look, i do like jamie diamond a lot. i don't like many on wall street but i do like mr. diamond only because is he one that has stepped up around said look, what's happened has happened. all of these bankers are going to make the case and you can certainly make the case that when the underlying stock of these banks plummet and wea...

5% increase on our grocery bill each week. >> arthel: these days, a lot of people are shopping at stores like wal-mart because they have good prices and people are trying to get thousand this tough economy. so if we go to wal-mart, are we going to see really high ticket prices or differences that we normally pay, i don't know what, $2 for a loaf of bread, we'll suddenly have to pay $4? >> bill is a smart guy. i think the very, very largest of the retailers are going to be the best position to try to insulate you and i, the consumer, from the most dramatic price rises. remember, prices of the c...