In Jamie Dimon's Senate Banking Committee hearing earlier on Wednesday, Sen. Jim DeMint of South Carolina asked Dimon, whose company recently announced a $2 billion loss in bad investments, to "advise" Congress on best banking regulation.
Dimon, naturally, offered to help in whatever way he could — even if that meant getting an apartment in Washington, D.C.
"Me and lots of other folks, we’ll do whatever you want, we’ll even get apartments down here.
While the hearing held by the Senate Banking Committee Wednesday was ostensibly to probe J.P. Morgan?s giant $2 billion-plus trading loss, Chairman and CEO Jamie Dimon got the opportunity to opine on a wide-range of regulatory topic... Read Post
U.S. Sen. Jim DeMint, a Republican and Tea Party favorite from South Carolina, will leave the Senate to become the president of the Heritage Foundation, The Wall Street Journal reported. He will leave the Senate in January, before t... Read Post