Senate Banking Committee’s involvement in JPMorgan

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.