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CNNW Erin Burnett OutFront May 12, 2012

son. tonight, she comes outfront. good evening, everyone. i m erin burnett. outfront tonight, warning signs ignored. the fallout swept around the world today from america s biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan s shocking trading losses which could be up to $3 billion and the credit rating agency fitch slapped jp morgan with a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america s most well-known banker was taken by surprise. here s jamie dimon one month ago responding to investor questions about bad trades and his risk management unit. it s is a complete tempest in a teapot. sophisticated, complex things. at the end of the day that s our job. invest that portfolio wisely and intelligently over a long period of time to earn income and to offset other exposures we have. well, here he is last night when it turned out t ....

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CNNW Erin Burnett OutFront May 11, 2012

good evening, everyone. i m erin burnett. outfront tonight, warning signs ignored. the fallout swept around the world today from america s biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan s shocking trading losses which 0 could be up to $3 billion and the credit rating agency fitch slapped jp morgue win a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america s most well-known banker was taken by surprise. here s jamie dimon one month ago responding to confess about bad trades and his risk management unit. it s is a complete tempest in a teapot. sophisticated, complex things. at the end of the day that s our job. envist that portfolio widely and intelligently over a long period of time to earn income and to offset other exposures we have. well, here he is last night when it turned out that temp it was anything but. these were gri ....

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CNNW CNN Newsroom November 9, 2011

years. his legacy blemished by jerry sandusky. dozens of penn state students rally outside coach paterno s home late last night helping to save his job. on friday, the penn state board of trustees is going to set up a special committee to investigate sandusky. prosecutors say he molested eight boys. paterno is not accused of anything illegal. but he went to university officials, not to the police in 2002 when a witness told hill he saw sandusky sod miomize him ine showers. early trading right now, down 251 points. new worries that italy may next be in line for a bail out are driving the stocks down. now, italian prime minister, he is expected to resign. he s also raising some concerns about the country s future. also weighing on the markets, the greek debt. now greece s prime minister says he s going to resign shortly as well. now, that suggests that george popendreau has reached a decision on the new government. well, he has been locked in negotiations for days to ....

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