As many of you know, Jamie Dimon was brought before the Senate yesterday to discuss the ~$3 billion lost in prop trading. I've heard many different opinions regarding his testimony, and was wondering if you monkeys had any insight of your own?
Cheers
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The fact that he had to testify is ridiculous
He has been actively riling against new financial regulations and then his bank loses billions. Definitely worth taking to. Add to that, the fact that he is on the board of the Fed and that these banks only exist in their current form because the markets recognised that the government will bail them out (as they have done in the not so distant past) and you have more than enough reason to invite him to testify...
They should be calling on him to resign from the Fed board at the very least...
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