Dimon Dodges Hard Questions, Blankfein's Biggest Fear, Toyota's Minor Victory And More

Wednesday, June 13, 2012

Jamie Dimon Avoids Hard Questions At Hearing

There were lots of remarkable questions during Jamie Dimon's Senate Banking Committee hearing -- remarkable mainly for how easy people were on the head of the largest bank in the United States.

Dimon was called onto the downy soft carpet of the Senate Banking Committee on Wednesday to explain JPMorgan Chase's loss of somewhere between $3 billion and $8 billion, depending on who's counting, in a bad trade on credit derivatives.

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	Sallie Krawcheck: How to Make Banks Less Risky If our societal goal is to reduce risk in banks, bank boards should compensate management teams not just in the bank's equity, but a combination of the equity and fixed income instruments of the institution.
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	Larry Cohen, MSW: Verizon-Cable Monopoly Would Kill Jobs Eliminating competition undoubtedly sounds like a great plan in the corporate boardrooms and on Wall Street. But the rest of us continue to struggle with job insecurity, hard times and severe cuts in essential services.