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Here Are Two Stories That Are Definitely Unrelated

1. TPM—Senators Fawn Over JPMorgan CEO After Massive Trading Debacle: "The long-shot big hope for Wall Street reformers Wednesday was that JPMorgan CEO Jamie Dimon would trip up before the Senate Banking Committee and expose the need for tighter rules governing big banks. His firm, after all, recently lost billions making risky bets with depositor funds on the line. Instead, with some notable exceptions, the senators themselves turned the cross-examination into a coronation, and exposed the extent to which elected officials still feel compelled to genuflect to powerful financial interests.
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LIVE: Jamie Dimon's Appears Before The Senate Banking Committee

Business & Finance : Business Insider: Clusterstock (3 years ago)

JPMorgan's chief executive Jamie Dimon is appearing before the Senate Banking Committee in Washington, D.C. this morning to testify about the $2 billion trading loss the bank revealed last month. On May 10th, JPMorgan disclosed a mu... Read Post

Did the Senate go too easy on Jamie Dimon?

Business & Finance : The Week: U.S. Business (3 years ago)

Jamie Dimon, the head of JPMorgan Chase, was called before the Senate Banking Committee on Wednesday to answer questions about a $2 billion trading loss suffered by his bank — the very type of reckless risk-taking that caused the 20... Read Post

Jamie Dimon: From Wall Street’s whipping boy to the GOP’s brain trust

Business & Finance : Ezra Klein (3 years ago)

In just two hours, Jamie Dimon went from Washington’s whipping boy to the Republican Party’s brain trust on regulating Wall Street. JPMorgan’s CEO testified this morning before the Senate Banking Committee, ostensibly to explain how... Read Post

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