With Johnson Retiring Wall Street’s Nightmare May Come True With Brown Taking Gavel

By: Tuesday March 26, 2013 7:05 am

Bad news for Wall Street. A Senator Tim Johnson announces his retirement the Senate Banking Committee Chairmanship may fall to one of Wall Street’s biggest enemies, Senator Sherrod Brown of Ohio. Chairman Tim Johnson (D-S.D.), who has led the Banking Committee since 2011, will announce Tuesday he does not plan to seek reelection, according to [...]

Elizabeth Warren Formally Gets Banking Committee Slot

By: Wednesday December 12, 2012 12:51 pm

Senator-elect Elizabeth Warren officially received her committee assignments today, and she will sit on the Senate Banking Committee, with key oversight over Wall Street and the financial system. Progressives agitated for weeks for Warren to get this spot, and in the end it wasn’t that difficult a lift. I’m looking forward to future hearings from [...]

Report: Warren to Get Spot on Senate Banking Committee

By: Tuesday December 4, 2012 7:45 am

It will be a welcome sight to see an actual cross-examiner in committee hearings, to see Wall Street executives actually grilled by at least one member rather than the love-fests we normally see. Warren has stated that she envisions the Senate as a platform to highlight her views. I can’t think of a better foundation for that platform than the Banking Committee.

Warren Looks Set for Senate Banking Committee Seat

By: Monday November 12, 2012 3:06 pm

The prospects for Elizabeth Warren nabbing a spot on the Senate Banking Committee brightened in recent days. First, let’s take a look at the Banking Committee membership. With a 55-45 partisan split in the Senate rather than 53-47, I wouldn’t expect the partisan makeup on the committee to change all that much. Right now there [...]

Wall Street Tries to Shift Elizabeth Warren Away From Senate Banking Committee

By: Thursday November 8, 2012 9:15 am

Having failed to stop Elizabeth Warren from reaching the US Senate, Wall Street interests are now clearly trying to push her away from the committee assignment where she would have the greatest oversight capability over them. Politico’s Morning Money, which is basically just a giant quote laundering program for lobbyists and operatives, has this item [...]

Jamie Dimon’s Cufflinks and Why a Tighter Volcker Rule Is All We Can Hope For

By: Thursday June 14, 2012 10:55 am

So here’s me and William Cohan on yesterday’s The Alyona Show talking about that Jamie Dimon testimony yesterday. I have to admit a little shock at the focus of the coverage on the captured Congress and the relative soft pitches lobbed in Dimon’s direction. I’m wondering what people expected. This wasn’t the Senate Permanent Subcommittee [...]

Dimon’s Testimony Has Implications for Volcker Rule Implementation

By: Wednesday June 13, 2012 1:25 pm

I certainly recognize that the so-called “grilling” of JPMorgan Chase CEO Jamie Dimon today was more like a pillow fight, with more Senators asking Dimon’s opinion on things than trying to get to the bottom of what happened at the Chief Investment Office. I don’t know what people expected. For all intents and purposes, members [...]

Jamie Dimon Is Taking Your Phone Calls on Foreclosure Paperwork Problems

By: Wednesday June 13, 2012 12:06 pm

I should have added one thing to my reactions to Jamie Dimon’s testimony. First of all, a set of anti-foreclosure activists disrupted the hearing at the beginning, demanding Dimon to “stop foreclosures now!” As that wasn’t the point of the hearing, this went mostly unaddressed on the panel. But then unassuming Sen. Herb Kohl decided [...]

Liveblog: Jamie Dimon Appears Before Senate Banking Committee

By: Wednesday June 13, 2012 7:00 am

The Senate Banking Committee hearing with Jamie Dimon of JPMorgan Chase is scheduled to begin at this hour. A preview of today’s proceedings, including Jamie Dimon’s written testimony, is available here. You can watch the hearing on C-Span. I’ll add my comments below. …well, the hearing started with a bang. Foreclosure activists screamed at Jamie [...]

Dimon to Be Contrite Yet Steadfast in Senate Banking Testimony

By: Wednesday June 13, 2012 5:30 am

JPMorgan Chase CEO Jamie Dimon faces the Senate Banking Committee in a two-hour hearing scheduled for 10am ET today. He’ll be the only witness. Keep in mind that Dimon’s JPMorgan Chase has given millions to top-ranking members of the Banking Committee, so anything more than headline-grabbing and grandstanding without a real challenge to Dimon in [...]

Senate Banking Committee Holds First Round of Hearings on Fail Whale Trades

By: Wednesday May 23, 2012 8:58 am

Federal regulators maintained at a Senate Banking Committee hearing yesterday that investigations against JPMorgan Chase were ongoing, but that several factors, especially the funding of their agencies, would hamper their efforts. This was the first confirmation by the heads of the Commodity Futures Trading Commission and the Securities and Exchange Commission, Gary Gensler and Mary [...]

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