Tag Archives: Federal Reserve

Republicans fawn over JP Morgan CEO at hearing (MSNBC)

June 13, 2012

On the Ed Show, Bernie talks about Wall Street’s cozy ties with some legislators.

“I think the real story is – and everybody should understand this – this is not a question of Congress regulating Wall Street, this is much more a question of Wall Street & all of their money regulating Congress.”

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Sanders: JPMorgan a ‘Gambling Casino’ (CNBC)

Bernie talks about conflicts of interest at the Fed on CNBC.

“The issue here is not hard to understand. The fed plays a very important roll in our economy… Do you really want people like Jamie Dimon, representing JP Morgan Chase, sitting on the New York Fed, which is supposed to be regulating Wall St? I think that that is a very obvious and apparent conflict of interest.”

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Senator Reveals Specifics on the Fed’s Conflicts of Interest (The Nation)

June 12, 2012

By George Zornick JPMorgan Chase CEO Jamie Dimon will appear before the Senate Banking Committee on Wednesday to answer questions about his bank’s risk management, or lack thereof—how was it that a too-big-to-fail institution took dangerous gambles that recently resulted in multibillion-dollar losses? But there are deeper questions likely to come up as well. One […]

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Bernie talks about latest news on JP Morgan blunder (MSNBC)

“This is not just Jamie Dimon… According to the GAO… you have 17 other individuals, past and present members of Feds, who collectively – 18 of them collectively – their financial institutions received $4 trillion in very low interest loans during the bailout period. So, again, if this is not the fox guarding the hen house, then I don’t know what is.”

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Bernanke: Up to Congress to fix Dimon-NY Fed conflict (Reuters)

June 7, 2012

By Pedro Nicolaci da Costa Federal Reserve Chairman Ben Bernanke said on Thursday it is up to Congress to address any conflict of interest created by having JPMorgan CEO Jamie Dimon on the board of the New York Fed, which regulates his bank. The potential conflict was brought to light recently by a surprising multibillion-dollar […]

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