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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.
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JP Morgan CEO Jamie Dimon has been invited to testify before the Senate Banking Committee over the bank's $2 billion trading loss, according to a release from Sen. Tim Johnson (D-SD), the chair of the Senate Banking Committee. The h... Read Post

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

Click here to view this media Tea party favorite Sen. Jim DeMint (R-SC) on Wednesday asked JPMorgan CEO Jamie Dimon, who recently announced that his company had lost at least $2 billion in the derivative market, to "guide" Congress ... Read Post