Yesterday, JPMorgan CEO and Wall Street Golden Boy Jamie Dimon testified before the Senate Banking Committee and critics are calling the session a veritable love fest. Even though he was called to explain his firm's stunning $2 billion (and counting) bet gone wrong, not a silver hair was ruffled on the CEO's head. Here's a selection of killer quotes from the CEO himself, a US senator who actually challenged him and media commentators who watched as Dimon swatted away the softballs without breaking a sweat.
June 14, 2012
8. Why Is JPMorgan Running a Hedge Fund?
When they asked him tough questions about risk and whether the bank was running a hedge fund, he avoided answering and they didn't push him. The bank lobby got what they wanted today, and that's why the stock is up.
- Paul Miller, head of financial services research at FBR Capital Markets.
Source: Reuters
