Senate Banking Committee's involvement in JPMorgan
President and CEO of JPMorgan Chase Co. Jamie Dimon drinks water as he testifies before a Senate Banking Committee hearing on Capitol Hill June 13, 2012 in Washington, D.C. The committee is hearing testimony from Mr. Dimon on how JP Morgan Chase lost over $2 billion in stock market trades.
This final note today, to get us back to where we started. That Senate Banking Committee this morning was a very neat intersection of money and power. There are 22 senators on the committee. Sixteen of them have taken campaign contributions from JPMorgan's political action committee.
We called each and every one of their offices to get an on the record comment about that. They all -- except New Jersey's Bob Menendez -- answered pretty much the way Mr. Dimon did in the hearing.
Jamie Dimon: I don't know.