Posts Tagged ‘ Bear Stearns ’

J.P. Morgan Loss Continues To Reverberate In Washington

May 14, 2012 10:16 pm
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J.P. Morgan Loss Continues To Reverberate In Washington

The massive $2 billion loss reported last week by the nation’s largest bank continues to roil Capitol Hill. The loss, by JPMorgan Chase, not only has renewed calls for stricter financial regulation — but now the calls of conflict-of-interest on the part of JPMorgan Chase chief Jamie Dimon are growing louder. At issue is Dimon’s dual role at the Federal Reserve. Democrat Elizabeth Warren, a candidate for Senate from Massachusetts and a former Obama administration financial consumer advocate, first called...

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