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Bank CEO Says 'We Took Far Too Much Risk' Bank CEO Says 'We Took Far Too Much Risk'

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Bank CEO Says 'We Took Far Too Much Risk'

On today’s Sunday shows: The CEO of JPMorgan Chase said “we took far too much risk” after losing $2 billion in one transaction; Sen. Diane Feinstein said whoever leaked the information on last week’s failed bombing attempt should be prosecuted; and Sen. Rand Paul was criticized for his comments on gay marriage.

CEO of JPMorgan Chase: ‘We Took Far Too Much Risk’
The head of the nation’s largest bank, reeling after a week in which it disclosed a stunning $2 billion loss in one transaction, acknowledged Sunday that JPMorgan Chase had been stupid, sloppy and shown bad judgment. But Jamie Dimon, Morgan’s chief executive, insisted the bank is sound and “is going to earn a lot of money this quarter.”

 

Congressional Leaders Pessimistic on Afghanistan
Top lawmakers on Congressional homeland security panels struck a pessimistic tone about the U.S. mission in Afghanistan, warning that the Taliban is clearly not interested in negotiation.

Feinstein: Leaker Should be Prosecuted
Sen. Dianne Feinstein, chairman of the Senate Intelligence Committee, demanded that the person be identified and prosecuted who leaked information on an attempt to bomb an American airliner.

Rand Paul Criticized for Gay Marriage Comments
Speaking at an event on Saturday, Sen. Rand Paul, R-Ky., said that he didn't think President Obama's views on marriage "could get any gayer." Family Research Council president Tony Perkins said on Sunday that same-sex marriage isn't "something to poke fun at other people about," chastising Paul for his joke.

 

Reid on Immigration Bill: 'The Devil is in the Details'
Senate Majority Leader Harry Reid asserted his commitment to getting the DREAM Act passed in the Senate. Reid also said that, while he’s willing to work with Florida Sen. Marco Rubio on an immigration bill, the junior senator needs to set something down in writing.

Dems Mock Preibus Stance on Wall Street Regulation
Undeterred by this week’s disclosure of massive losses at JPMorgan Chase, Republican National Committee Chairman Reince Preibus insisted that it shows Wall Street needs less regulation—a position immediately mocked by Democrats.

Democratic Senator Defends Romney’s Character
A top Democrat on Sunday defended Mitt Romney's character, saying that despite recent reports that Romney was a bully as a young man attending prep school, he believes that has little to do with the man Romney is today.

Barney Frank: Same-Sex Marriage is a State Issue
Rep. Barney Frank, D-Mass. lauded President Obama’s decision to support same-sex marriage and defended his belief that states should have jurisdiction over the issue.

 

Thune on VP Role: ‘Never Rule Out Opportunities’
Republican Sen. John Thune of South Dakota, a name often mentioned as a potential running mate for Mitt Romney, did not rule out the prospect when asked about it directly on Sunday. “You never rule out opportunities or options,” he said.

Cardenas: Gay Marriage Issue Will Inspire Passion in Romney Supporters
Al Cardenas, chairman of the American Conservative Union, predicted on Sunday that President Obama’s embrace of same-sex marriage will give social conservatives the one thing they were lacking when it came to supporting Romney: passion.

Evangelical Christian Leaders Praise Romney
Evangelical Christian leaders on Sunday praised Romney’s outreach to Christian conservatives at Liberty University this weekend, saying that he hit all the right notes and that he’ll likely do well with Christians come November.

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