NBC Evening News for Friday, May 11, 2012
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(Studio: Andrew Ross Sorkin) The 2 billion dollar trading loss for JP Morgan Chase bank examined; details given about the role of the trader, the “London Whale,” and the call for stricter regulations; scenes shown of an Occupy Wall Street protest. [In conference call to investors, voice of CEO Jamie DIMON- says we deserve any criticism we get.] [Senator Carl LEVIN- warns we could be facing economic disaster.] [Former FDIC chairperson Sheila BAIR- calls for simplification.] The implications for taxpayers discussed.
(Studio: Brian Williams, David Gregory, Andrew Ross Sorkin) An NBC interview with Dimon for “Meet the Press” previewed. [DIMON – says we know we were sloppy and regulators should look at this.] Dimon’s view on regulation and how this could happen again discussed.
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