Automobiles pass a JP Morgan Chase building Thursday, May 10, 2012, in New York. (AP Photo/Frank Franklin II)

Charting The Cozy Connections Between JP Morgan And The Senate Banking Committee

This morning, Jamie Dimon, the CEO of JP Morgan Chase, faced a Senate hearing overmore than $2 billion in bank losses caused by risky hedges that blew up. Dimon said that the hedges—investments meant to protect the bank—had grown into “complex and hard-to manage risks.” The losses “let a lot of people down, and we are sorry for it.” Many […]