It's Monday, May 14th. This is Market Foolery. I'm Chris Hill joining me in studio today for a million dollar portfolio Charlie Travers from Motley Fool Special Ops. Mike Olson from Motley Fool Inside Value, Joe Meger. Gentlemen, happy Monday.

Howdy.

Earnings Palusa is over, I think it's fair to say.

There's still some companies that will be reporting earnings,

but a couple weeks ago when it was just all earnings all the time they yeah that's not today

today it's I guess it's like all executives all fireings all the time yeah exactly so we're gonna talk

about Yahoo we're gonna talk about Chesapeake Energy, but we will start with the continued fallout

from the J.P. Morgan Chase story.

Shares down slightly this morning.

The CEO, Jamie Diamond, is under fire on a couple of fronts.

Some calls for him to step down from his seat on the New York Fed, some calling for him to give up his chairmanship of the company.

And Aina Drew, who was the firm's chief investment officer, announced that she is retiring,

and ironically she was in charge of J.P. Morgan's risk management.

So Joe, there's a lot here.

There's a lot going on.

It's obviously a story that's very much in flux. You sort of took exception the other day on Motley Full Money when I mentioned that

Simon Johnson, the economist, suggested that Jamie Diamond's got to resign. And not only he should resign. that Let's keep some perspective so there are about 2 billion in the whole on this

trade or series of trades in the strategy that's obviously a problem and somebody's

head should roll for that but it's a hundred and fifty billion dollar

business and diamonds done a fantastic job

of turning J.P. Morgan into one of the strongest banks on Wall Street in the world.

I think it's a very well-run institution despite this hang-up and I know that everyone

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