(Image source: Forbes)

 

BY JIM FLINK

ANCHOR  CHRISTINA HARTMAN


Must-see TV showcases a firebrand CEO on the hotseat on Capitol Hill.
JPMorgan Chase CEO Jamie Dimon was the trending name on Google, Twitter … you name it.
CNBC has a snippet of his grilling before the Senate Banking Committee.

“There’s really no way for a regulator to catch this type of activity, would you agree?”
“It would be very hard for them to do.  I would look at regulation as one of always trying to make continuous improvements.  Better, clarity.  Cleaner.”


It’s the kind of Congressional hearing Americans have become used to since the financial meltdown of 2008.  This time — complete with delays. Politico notes the disruptions and distractions.

“Protesters mobilized even before the hearing officially started, with a man yelling ‘Jamie Dimon is a crook!’ and another crowd of demonstrators repeatedly chanting ‘Stop foreclosures now’...”

But the main stage had plenty of eyes trained.
An analyst on Bloomberg says, Congress is eager to show — despite healthy donations coming from Dimon’s firm to both sides of the aisle — it stands independent and ready to judge.

“There’s also an element of Senators wanting to show that they’re not on the take from anyone.”
“It’s the old Washington two-step, you know?  You come to town with someone else, then the winds shift, and you go somewhere else.”


And, Forbes says, Dimon played the respect card, which hasn’t always been the case.

“Mostly gone was the bravado and even smugness with which he argued in prior months against some new federal regulations and criticized the proposed Volcker Rule that would rein in banks by restricting their ability to make speculative investments.”

And a Wall Street Journal live blogger had some fun during the show.

“For those monitoring Dimon’s Senate testimony, take a drink every time he cites America’s “widest, deepest and best capital markets in the world” or his bank’s ‘fortress balance sheet.’”

… and after it …

“Dimon has escaped outside ... He's dancing back and forth, showing off his boxing skills. Though no punches.”

Dimon has a repeat performance scheduled before more Congressional leaders — next week.


 

JPMorgan's Jamie Dimon Grilled on Capitol Hill

by Jim Flink
0
Transcript
Jun 13, 2012

JPMorgan's Jamie Dimon Grilled on Capitol Hill

(Image source: Forbes)

 

BY JIM FLINK

ANCHOR  CHRISTINA HARTMAN


Must-see TV showcases a firebrand CEO on the hotseat on Capitol Hill.
JPMorgan Chase CEO Jamie Dimon was the trending name on Google, Twitter … you name it.
CNBC has a snippet of his grilling before the Senate Banking Committee.

“There’s really no way for a regulator to catch this type of activity, would you agree?”
“It would be very hard for them to do.  I would look at regulation as one of always trying to make continuous improvements.  Better, clarity.  Cleaner.”


It’s the kind of Congressional hearing Americans have become used to since the financial meltdown of 2008.  This time — complete with delays. Politico notes the disruptions and distractions.

“Protesters mobilized even before the hearing officially started, with a man yelling ‘Jamie Dimon is a crook!’ and another crowd of demonstrators repeatedly chanting ‘Stop foreclosures now’...”

But the main stage had plenty of eyes trained.
An analyst on Bloomberg says, Congress is eager to show — despite healthy donations coming from Dimon’s firm to both sides of the aisle — it stands independent and ready to judge.

“There’s also an element of Senators wanting to show that they’re not on the take from anyone.”
“It’s the old Washington two-step, you know?  You come to town with someone else, then the winds shift, and you go somewhere else.”


And, Forbes says, Dimon played the respect card, which hasn’t always been the case.

“Mostly gone was the bravado and even smugness with which he argued in prior months against some new federal regulations and criticized the proposed Volcker Rule that would rein in banks by restricting their ability to make speculative investments.”

And a Wall Street Journal live blogger had some fun during the show.

“For those monitoring Dimon’s Senate testimony, take a drink every time he cites America’s “widest, deepest and best capital markets in the world” or his bank’s ‘fortress balance sheet.’”

… and after it …

“Dimon has escaped outside ... He's dancing back and forth, showing off his boxing skills. Though no punches.”

Dimon has a repeat performance scheduled before more Congressional leaders — next week.


 

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