Today, JPMorgan Chase CEO Jamie Dimon is testifying before the House Financial Services Committee about his megabank’s stunning $2 billion loss. As during his testimony before the Senate last week, Dimon is being shown enormous deference by members of Congress, many of whom receive campaign contributions from Dimon’s bank. Take, for example the committee’s chairman,
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Imagine if, when suspects were taken before a court to testify, they were able to pay off the judge and jury to make sure there was no serious grilling. Unfortunately, this isn’t a hypothetical. This is the U.S. Senate. This morning, the Senate Finance Committee — which is managed by a former JP Morgan lobbyist
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