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Response to Ichingcarpenter (Original post)

Wed Jun 13, 2012, 02:06 PM

14. Jamie Dimon greeted by hecklers as testimony begins

“Jamie Dimon’s a crook," the man yelled, as Dimon appeared unfazed. "This guy should be going to prison."

After he quieted down, Capitol police allowed the man to take his seat, as senators and spectators entered the hearing room.

Shortly thereafter, a chant erupted -- "Stop foreclosures now!" -- among some protesters, including the earlier heckler. Capitol police then removed them.

The topic of the day, of course, is not JPMorgan's loan servicing but its risk management -- and how the bank sustained a more than $2-billion loss in risky derivatives trades.

Opening statements by the panel's chairman, Sen. Tim Johnson (D-S.D.), and ranking member Sen. Richard Shelby (R-Ala.) hinted at what questions Dimon faces in the two-hour hearing.

"First, did the losses from these trades threaten the safety and soundness of JPMorgan?" Shelby said. "And second, could it happen again?"

http://www.latimes.com/business/money/la-fi-mo-dimon-testimony-begins-20120613,0,1116544.story

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Ichingcarpenter Jun 2012 OP
patrice Jun 2012 #1
Ichingcarpenter Jun 2012 #2
patrice Jun 2012 #13
Sekhmets Daughter Jun 2012 #3
Ichingcarpenter Jun 2012 #4
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Fawke Em Jun 2012 #5
Ichingcarpenter Jun 2012 #7
Sekhmets Daughter Jun 2012 #16
Ichingcarpenter Jun 2012 #11
MnExpat Jun 2012 #6
Ichingcarpenter Jun 2012 #9
kentuck Jun 2012 #8
Ichingcarpenter Jun 2012 #10
Synicus Maximus Jun 2012 #12
LineNew Reply Jamie Dimon greeted by hecklers as testimony begins
Ichingcarpenter Jun 2012 #14
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Ichingcarpenter Jun 2012 #18
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