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May 22nd, 2012 
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Senate Banking Chair Calls Jamie Dimon to Testify: But JP Morgan Chase is His Biggest Contributor
Bloomberg – Senate Banking Committee members will have chances to question regulators about events leading to JPMorgan Chase Co. (JPM) (JPM)’s $2 billion trading loss at hearings on Dodd-Frank Act rulemaking, the panel’s chairman said. “Over the next few weeks, the Senate Banking Committee will continue its oversight of the implementation of Wall Street reform by holding additional hearings with key financial regulators,” Senator Tim Johnson, a South Dakota Democrat, said today in an e-mailed statement. The JPMorgan losses are “expected to be discussed at these hearings,” Johnson said. Read Article
Editorial Comment – Not only did Senator Johnson receive almost two thirds of his $361,582 donations from banks and financial services firms over the last 3 election cycles, but according to the Center for Responsive Politics’ count shows that in both the current election cycle and the cycles between 2005-2010, the largest of these was none other than JP Morgan Chase.
Tags: banks, corruption, North America, politics
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