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for the nuts and bolts on this fias fiasco, it's the impact on the markets and your own investments. alison kosik joins us now. just what was this massive trading bet all about? before it went south? >> reporter: fredricka, what jpmorgan essentially did was made a big game am. they made risky bets and lost. the bets they made were to protect against possible losses on jpmorgan's other investments, but clearly they backfired and the bets produced losses of their own. how did this come out? it came out in a surprise conference call that ceo jamie diamond called for lamon called. shares...

morning of "sister wives" star janelle. going to hear from that family. that big, crazy chaotic family later on this hour. >> barry white. hello. >> no, i get it. thank you, roland martin. roland is back on our panel. i can see how this morning is going to go. thank you for pointing out the obvious. also with us, good morning, will. >> good morning. >> margaret hooper is with us, as well, a former campaign staffer for president bush and former new york city mayor rudy giuliani. and she is the great granddaughter of president herbert hoover. >> how about that? >> i'm the great grandda...

i'm saying when it comes to cheap ideology, chucking out statements that $50 million is cheap. >> i didn't throw it out, you pried it out of me, you begged me for an answer. >> we loved that so much, we decided to have number two. take a look another this latest rant of president obama which i call the abcs of "snl." >> this whole thing with obama saying the rich don't pay their taxes [ bleep ] and i voted for the guy and i'm a democrat. what else? >> no holds barred interview, hopefully in will be something in between the beeps tonight. a fat epidemic to end all epidemics is strik...

i'm not saying you're wrong, but i'm saying when it comes to cheap ideology, chucking out statements that $50 million is cheap. >> i didn't throw it out, you pried it out of me, you begged me for an answer. >> we loved that so much, we decided to have number two. take a look another this latest rant of president obama which i call the abcs of "snl." >> this whole thing with obama saying the rich don't pay their taxes [ bleep ] and i voted for the guy and i'm a democrat. what else? >> no holds barred interview, hopefully in will be something in between the beeps tonight. a fat epide...

the former head of saudi intelligence, prince al faisal, talks about the osama bin laden he knew and much more. finally, how this man became this man. the most wanted man in the world. an unbelievable story. first, here's my take. i was in germany this week, and the mood there is pretty grim. europe is facing its most severe challenge since 1945. if the greek crisis morphs into an italian crisis, italy being too large to bail out, the entire structure of post-world war ii europe could unravel. finally european leaders seem to recognize that their strategy of kicking the can down ...