Dimon plans to deliver basically the same remarks he gave the Senate banking committee last week, apologizing but giving few details.His Senate hearing was hardly a grilling; senators mostly praised him for his "emphasis on continuous quality improvement," in the words of Senator Jim DeMint, R-S.C.Congressmen and staff from the committee have gone to JPMorgan and its lobbying firms. Members have also gotten hefty campaign contributions from the bank's PACs and employees.
Issa doesn't see the conflict of interest here? with all but French kissing this is a day at the spa for Dimon.
- JPMorgan's PAC and employees have been the second-largest contributors to committee chairman Spencer Bachus, R-Ala., since 1993, donating a total of $119,000 to the congressman's campaigns — $11,000 so far this election cycle. (These numbers don't include contributions to Super PACs or other outside groups.
this will be interesting to see where this love fest for the corporation boss goes, as opposed to the stockholder's and their (corp.) obligation to them.
