Simmer Down, Jamie Dimon
I didn't watch Jamie Dimon's Senate testimony today, but from the Times live blog it looked like this was the most dramatic moment: Mr. Dimon gets testy for the first time in the hearing. "I think you are misinformed," he told Senator Jeff Merkley, Democrat of Oregon, who said JPMorgan was saved by government bailouts in 2008. READ MORE >>
The Grilling Congress Should Give Jamie Dimon
When Jamie Dimon testifies in the Senate on Wednesday about JP Morgan’s $3 billion trading loss, the focus will almost certainly be on the speculative aspect of the trade. After all, the financial reform bill Congress passed in 2010—specifically, the provision known as the Volcker Rule—was supposed to stop banks from making risky bets with their own money, at least if they benefit from government support. And JP Morgan gets lots of government support. READ MORE >>
Mitt Romney, Jon Chait, and I: Reunited
Mitt Romney weighed in yesterday with another riff on my book that bears a bit of scrutiny. Here’s what he said: READ MORE >>
