The disintegration of central banking shifted to overdrive in November. The Senate Banking Committee’s listless accreditation of Janet Yellen as next Fed chairman was not a surprise, but it was notable that vigorous critics of Chairman Bernanke, such as Senator Bob Corker, dozed through the hearing. When the bubble of all bubbles bursts, and the Senate and Congressional oversight committees fulminate at central bankers, it will be those politicians who should sit in the dock. They could have acted. Instead, the Senate is whisking Bernanke-Squared to the throne, as quickly and quietly as possible.
In fifty years, when historians look back upon the current era of unbridled financial sector influence on American government—unless all historians are by then employed at CitiBankofAmericaChaseOne Institutions of Higher Learning™—Wednesday’s…
By Simon Johnson. On the “PBS NewsHour” in late May, Treasury Secretary Timothy Geithner indicated that the continued presence of Jamie Dimon, the chief executive of JPMorgan Chase, on the board … Continue reading →
JPMorgan Chase's Big Losses, Big Risk: Blip on Radar or Systemic?PBS NewsHourJPMorgan Chase's chairman and chief executive, Jamie Dimon, testified before the Senate Banking Committee about the massive trading losses incurred at his …
Jamie Dimon testifies on Capitol Hill about $2B JPMorgan trading lossWashington PostJPMorgan chief executive Jamie Dimon was grilled by the Senate Banking Committee on Wednesday.and more »
NY1JPMorgan Chase CEO Testifies Before Congress About $2B …NY1Wall Street kept close tabs on Capitol Hill today as JPMorgan Chase CEO Jamie Dimon answered questions from the Senate Banking Committee about his …
NY1JPMorgan Chase CEO Testifies Before Congress About $2B …NY1Wall Street kept close tabs on Capitol Hill today as JPMorgan Chase CEO Jamie Dimon answered questions from the Senate Banking Committee about his …
USA TODAYDimon: JPMorgan's $2B loss came from strategy to reduce riskUSA TODAYJPMorgan's CEO appears before Senate Banking Committee today as it probes $2 billion loss by the country's biggest bank.JPMorgan CEO to testify on $2B-plus tradin…
JP Morgan Boss Faces Grilling Over £1.2bn Loss106 JACK fmThe man whose bank lost at least $2bn is being hauled before American lawmakers to explain the blunder. JP Morgan Chase chief executive Jamie Dimon is to be grilled by the Senate Banking Committ…
JPMorgan's Dimon to testify on Capitol Hill WednesdayWashington PostJPMorgan chief executive Jamie Dimon will appear before the Senate Banking Committee on Wednesday to discuss his firm's recent $2 billion trading loss. Sen. Tim Johnson(DS.D.),…
