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Detailed text transcripts for TV channel - FOXNEWS - 20120512:11:16:00

>> jp morgan makes a big bet overseas and loses a $2 billion. the higher standard, the gold standard if you will in banking. if this can happen at j.p. morgan which other banks have issues and is this a case for more regulation? here to weigh in is john macon, economist with the american enterprise institute. consultant with the treasury department and in d.c. peter morris is i economist and professor business maryland. good morning to both of you. >> good morning. >> good morning. >> you know all those on the left. all those in favor of dodd frank and the volcker rule, i could go on say this makes the case for dodd frank, for the volcker rule and for further regulation of the banking industry. should it, peter? >> no, i don't believe so. i don't think it's possible to regulate this kind of trading. i think the volcker rule is a bad idea. however, what i do believe is that banking, the taking of deposits and making loans should be split from these

Case , Banks , Issues , Overseas , Standard , Jp-morgan , Big-bet , Banking , -billion , 2-billion , Regulation , John-macon

Detailed text transcripts for TV channel - CNN - 20101223:19:19:00

it into good will. and so i think if you're saying the shirt goes to good will, it's not really a compliment. then i go to bed to get some sleep before i'm on with you, and i understand that tony harris made me the random moment of the day and had a montage of my greatest hits with different fashion problems and whatnot over the years. so, you know, all i can say is, you know, maybe it boils down to one word, come is jealousy. and secondly, that might be the last time i get up at midnight to do an early live shot for "american morning." >> you'll never get that kind of disrespect on this show. when did the president come in? he got in in the middle of the night? >> he got in in the middle of the night around midnight local time, when i was getting out of bed for "american morning." not that i'm bitter. our senior photo journalist, peter morris, got a really interesting shot where the president had a ceremony. you can see it. they put a lei on and it was a welcome. peter saw him get into the limo

Shirt , Will , Bed , Montage , Compliment , Sleep , Tony-harris , All , Word , Fashion-problems , Jealousy , Whatnot