JPMorgan CEO Jamie Dimon faces House committee
Jamie Dimon testifies before U.S. House Financial Services Committee
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RT @morningmoneyben: OCC blames JPM for not giving them enough "granular" or "robust" info from CIOby counterparties via twitter 6/19/2012 2:29:42 PM -
HA HA RT @moorehn: A thrilling discussion of which regulator oversees what part of JPM right now. Really, riveting.by counterparties via twitter 6/19/2012 2:32:00 PM -
SEC chief offers regulatory guide to JPMorgan
U.S. Securities and Exchange Commission Chairman Mary Schapiro will sketch a regulatory roadmap to JPMorgan Chase & Co's recent huge trading loss, but will stop short of discussing the specifics of her agency's investigation with lawmakers on Tuesday.
In testimony prepared for the House Financial Services Committee hearing, Schapiro lists relevant regulatory authorities ranging from rules against misleading investors to regulations that require public companies to clearly lay out their risks.
Read more... -
Is the system safer? Schapiro: it's safer than it was, but we need to implement Dodd-Frank. Gensler: "We aren't safe" until rules in place.by ABWashBureau via twitter 6/19/2012 3:23:39 PM -
RT @lizzieohreally: Looks like about 10 minutes to Dimon time.by counterparties via twitter 6/19/2012 3:27:06 PM -
why are you asking anyone other than Jamie how big the losses could be? #moveonby morningmoneyben via twitter 6/19/2012 3:32:12 PM -
FDIC's Gruenberg just said JPM's bad bets WERE done out of the deposit-insured bank. Everything pointed to that, but now it's a fact.by petereavis via twitter 6/19/2012 3:35:09 PM -
Dimon hearing suggests the problem of too many regulators and not enough supervision has only gotten worse since the crisis.by Pedro da Costa via twitter 6/19/2012 3:35:21 PM -
RT @morningmoneyben: Wowzers. OCC can't say name of person on site in charge of watching JPM's CIO trades.by counterparties via twitter 6/19/2012 3:36:08 PM -
@pdacosta #markets If nobody buys, nobody can sell short, and selling short is where the money is.by GrayDourman via twitter 6/19/2012 3:42:18 PM -
That's Steve Cutler behind Jamie's right shoulder, JPM counsel and former enforcement director at SEC. #revolvingdoorby morningmoneyben via twitter 6/19/2012 3:45:39 PM -
Is this first question at this DImon hearing really going to be about Eurozone debt? #WeGiveUpby counterparties via twitter 6/19/2012 3:50:24 PM -
RT @mattyglesias: "Europe is a significant event" -- the wisdom of Jamie Dimon. [actually a continent]by counterparties via twitter 6/19/2012 3:51:35 PM -
Jamie Dimon: "Italy, surprisingly, is a wealthy nation" (glad we cleared that up)by counterparties via twitter 6/19/2012 3:53:41 PM -
Dimon: I have never looked at the CFTC's budgets I have no idea what they need. Frank: I'm disappointed.by morningmoneyben via twitter 6/19/2012 3:55:10 PM -
A question about as on target as that first line of questioning: "Mr. Dimon, what are your thoughts on the fiscal health of Uruguay?"by BenDWalsh via twitter 6/19/2012 3:56:42 PM -
Regulators just SAID they had no idea of these trades, counter Dimon statement. Even DIMON didnt know!by morningmoneyben via twitter 6/19/2012 3:57:30 PM -
Dimon: "I think you should all take comfort that all American banks are better capitalized"by counterparties via twitter 6/19/2012 3:58:20 PM -
Frank: Mr Dimon please don't filibuster!by morningmoneyben via twitter 6/19/2012 3:59:10 PM -
Frank asks Dimon: If JPM has a fortress balance sheet, what about the banks that only have chain-linked or white-picket fences?by Pedro da Costa via twitter 6/19/2012 3:59:13 PM -
Dimon: "Ah...." Barney Frank (interrupting): "Please don't filibuster"by counterparties via twitter 6/19/2012 3:59:16 PM -
Barney Frank to Dimon "will your salary be considered for clawback?" Dimon "my board makes all these decisions"by cate_long via twitter 6/19/2012 4:00:56 PM -
Dimon: "We have hundreds, maybe thousands of models."by Pedro da Costa via twitter 6/19/2012 4:01:10 PM -
Dimon: "We disclosed what we knew when we knew it"by counterparties via twitter 6/19/2012 4:02:18 PM -
Dimon: Oh, those models, we are always changing them, nothing to see here.by neilbarofsky via twitter 6/19/2012 4:02:49 PM -
Dimon: "Lobbying is a constitutional right"by counterparties via twitter 6/19/2012 4:06:58 PM -
Jamie Dimon: "We want to get it right so it works for America"by counterparties via twitter 6/19/2012 4:08:55 PM -
RT @lizzieohreally: "There's no more subprime mortgages." Categorically untrue.by BenDWalsh via twitter 6/19/2012 4:11:03 PM -
Dimon - "We're not too big to fail."by Pedro da Costa via twitter 6/19/2012 4:11:18 PM -
Dimon: "If JPMorgan fails, I don't think anyone picks up any tab...", taxpayers won't pay a dimeby counterparties via twitter 6/19/2012 4:12:09 PM -
RT @rob1cox: Earth being hit by moon as exogenous risk?by counterparties via twitter 6/19/2012 4:13:01 PM -
Jamie Dimon is not "an employer". His company is.by Ryan McCarthy via twitter 6/19/2012 4:15:29 PM -
RT @lizzieohreally: Maloney: why are you taking business out of my state?by counterparties via twitter 6/19/2012 4:15:49 PM -
Rep. Maloney now asking Jamie Dimon for his "lessons"by counterparties via twitter 6/19/2012 4:17:08 PM -
RT @steveliesman: Every hearing has peaked on its purposes when the witness is asked "What lessons have you learned?" #dimon #jpmorganby counterparties via twitter 6/19/2012 4:17:36 PM -
Dimon: "We did not understand the seriousness of it until later in April" #JPmorganby counterparties via twitter 6/19/2012 4:19:50 PM -
TIME OUT called by Bacchus!by counterparties via twitter 6/19/2012 4:21:00 PM -
RT @BCAppelbaum: Rep. Maloney seems genuinely sad that some financial catastrophes happen in London rather than New York.by morningmoneyben via twitter 6/19/2012 4:21:29 PM -
RT @petereavis: Btw, Dodd Frank was supposed to include a tough provision to push derivatives out of insured banks. It was largely defanged.by morningmoneyben via twitter 6/19/2012 4:21:50 PM -
Dimon: "If rates went up, we'd make more money. It costs us to do that"by counterparties via twitter 6/19/2012 4:23:07 PM -
Dimon: "It costs us over a $1 billion to benefit from rising rates..."by counterparties via twitter 6/19/2012 4:23:33 PM -
Short answer on why so many London fin jobs: race to the bottomby morningmoneyben via twitter 6/19/2012 4:24:00 PM -
RT @TJA3: Interest rates? that's not what JPM's CIO bets were about. They were a bet on corp. debt.by counterparties via twitter 6/19/2012 4:24:46 PM -
If you don't let us make trades here that could blow up the world we will do it from London! #logicby morningmoneyben via twitter 6/19/2012 4:26:47 PM -

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