JPMorgan Chase CEO Gets Warm Hill Welcome from Senators

Posted June 14th, 2012 by ecigarettes
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JPMorgan Chase CEO Gets Warm Hill Welcome from Senators Flooded with Millions in Wall St. Donations - Protesters confronted JPMorgan Chase CEO Jamie Dimon on Wednesday as he testified on Capitol Hill about how his bank lost up to $3 billion in risky bets. Lawmakers, however, gave a warmer greeting to the man described as Washington’s favorite banker. JPMorgan spent $7.6 million on lobbying last year, and Dimon has a long record of contributing campaign donations to lawmakers on the Senate Banking Committee. We speak to former investment banker Nomi Prins, author of "Black Tuesday." Prins calls Dimon’s appearance "the tamest hearing for any of the bank leaders since the [financial] crisis began in 2008."

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