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Interview with Senator Bernie Sanders

By The Ed Show, The Ed Show - June 13, 2012

Guests: Bernie Sanders, William Cohan, R.T. Rybak, Ari Melber, Krystal Ball, Jimmy Williams, Guy Benson, Vito Colucci

MICHAEL ERIC DYSON, GUEST HOST: Good evening, Americans. Welcome to THE ED SHOW. I`m Michael Eric Dyson, in for Ed Schultz.

Senate Republicans rolled out the red carpet for JPMorgan CEO Jamie Dimon today. Tonight, Bernie Sanders and I will not be as kind.

This is THE ED SHOW -- and as Ed would say -- let`s get to work.

(BEGIN VIDEOTAPE)

SEN. SHERROD BROWN (D), OHIO: Too big to fail banks are frankly too big to manage and too big to regulate.

DYSON (voice-over): JPMorgan Chase CEO Jamie Dimon takes heat from Democrats and gets love from Republicans.

UNIDENTIFIED MALE: Loss is unfortunate. You apologized for that.

SEN. JIM DEMINT (R), SOUTH CAROLINA: We can hardly sit in judgment of your losing $2 billion.

UNIDENTIFIED MALE: You`re obviously renowned, likely so I think, as being one of the most, you know, one of the best CEOs in the country for financial institution.

DYSON: "Bloomberg`s" William Cohan on today`s missed opportunity with Jamie Dimon. And Senator Bernie Sanders why the American people are still exposed by the big bank casinos.

The Romney campaign goes silent on teachers, firefighters and police.

MITT ROMNEY (R), PRESIDENTIAL CANDIDATE: I`m not going to talk about that.

DYSON: We will show you exactly why Mitt Romney stopped talking.

And could prejudice cause President Obama the election in November?

UNIDENTIFIED MALE: This is little Hussein.

DYSON: A controversial new study on racism in America says it could happen.

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: We`ve got to move forward to the future we imagined, where everybody`s getting a fair shot.

(END VIDEOTAPE)

DYSON: Who needs reality television when you have the Hollywood halls of the United States Congress? What happened on Capitol Hill today should have been a step toward preventing another financial crisis that threatens the global economy. What we got instead was a two-hour display of political theater that could have won a Tony Award if it wasn`t so predictable.

JPMorgan Chase CEO Jamie Dimon went before Congress today to explain how his company suffered $2 billion and counting in losses by engaging in the same high-stakes trading that led to the financial collapse of 2008. The drama started right away, as Dimon was confronted in the chambers by protesters decrying JPMorgan`s foreclosure process.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: Why don`t you face the people that you foreclosed on?

PROTESTERS: Stop foreclosures now! Stop foreclosures now! Stop foreclosures now! Stop foreclosures now! Stop foreclosures now!

(END VIDEO CLIP)

DYSON: Dimon was able to weather that storm. He wasn`t too affected by some mild prodding at the hands of Senate Democrats.

(BEGIN VIDEO CLIP)

JAMIE DIMON, JPMORGAN CHASE CEO: We had a direct loss of maybe $1 billion or $2 billion. We would have been OK.

SEN. JEFF MERKLEY (D), OREGON: You have a difference of opinion with many analysts in the situation who felt the AIG bailout did benefit you enormously and I`m not --

DIMON: They`re factually wrong.

MERKLEY: This is not your hearing. I`m asking you to respond to questions. I also only have five minutes.

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