Today, JPMorgan Chase CEO Jamie Dimon testifies before the Senate Banking Committee to explain his firm's multibillion dollar trading loss. That loss is projected to be between $2 billion and $7 billion.
We had a chance to take a look at his prepared remarks, and Dimon will say that the bank made complicated bets that were supposed to be hedge against risk, but went bad. He's also calling the losses an isolated event.
New York Attorney General Eric Schneiderman talks with Soledad on "Starting Point" this morning about Dimon's testimony. He also talks about his plan for preventing doctor shopping and prescription drug.