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Not helping JPMorgan (JPM) is the rehashing of the London Whale saga, with a just-released...

Not helping JPMorgan (JPM) is the rehashing of the London Whale saga, with a just-released Senate report claiming Jamie Dimon withheld critical data from regulators. A hearing is set for tomorrow (Dimon will not testify), and it's possible the DOJ will be called upon to investigate further. It's hard to believe the Fed request for JPM to "address weaknesses" and the London Whale incident aren't linked. Shares -2.1% AH.
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Comments (11)
  • deercreekvols
    , contributor
    Comments (5603) | Send Message
     
    Withholding "critical data" should be a criminal offense.

     

    If I withhold "critical data" on my tax return can I plead the Jamie Dimon Defense?

     

    Why hasn't the DOJ already investigated this mess?
    14 Mar 2013, 05:54 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    Haven't you heard, TBTF is now TBTP, too big to prosecute
    14 Mar 2013, 06:11 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5603) | Send Message
     
    That only holds true for Jon Corzine.

     

    I understand the way the playing field tilts. I don't like it, but I understand it.

     

    Thank goodness folks in the House and Senate are not TBTVO, To Big To Vote Out.
    14 Mar 2013, 06:15 PM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    Answer this question: are you pals with Washington? Corzine and his cronies are. If you are too, then count yourself "too close to prosecute".
    15 Mar 2013, 04:13 AM Reply Like
  • june1234
    , contributor
    Comments (2630) | Send Message
     
    If any of those TBTFs had to report their derivatives exposure they might not qualify for a listing on (todays) Greek stock exchange
    14 Mar 2013, 06:48 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (875) | Send Message
     
    I have to hear more details about this. Whether you like Jamie Dimon or hate him, he is one of the smartest guys on Wall Street. I find it almost impossible to believe a guy like him would sit in front of a Congressional committee and do something that could come back and bite him in the ass. Maybe he did do just that, but I'm going to have to see more evidence that this little blurb of news before I believe it.
    15 Mar 2013, 01:16 AM Reply Like
  • machiavelli
    , contributor
    Comments (503) | Send Message
     
    Dude! The mofo thinks he's untouchable! And he might be!
    15 Mar 2013, 05:06 AM Reply Like
  • june1234
    , contributor
    Comments (2630) | Send Message
     
    I watched some of that hearing last summer. When Sen Shelby posed a remark/question to the smartest guy on wall street, Jami just ignored him. Looked to me like senate testified before him.
    15 Mar 2013, 07:15 AM Reply Like
  • WisPokerGuy
    , contributor
    Comments (875) | Send Message
     
    No offense, but if Richard Shelby posed a question to me, I'd ignore him too. The guy is an idiot.
    15 Mar 2013, 05:14 PM Reply Like
  • User 353732
    , contributor
    Comments (4889) | Send Message
     
    Big Money is an integral part of the Occupation Regime and neither Big Government nor Big Media would so strut and rule without it. This is political theater designed to distract and deceive.
    15 Mar 2013, 05:34 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Senators may not kneel and kiss his pinky ring after this. Might have to restrict their reverence to a simple bow now.
    15 Mar 2013, 09:21 AM Reply Like
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