Boy, Jamie Dimon must feel bruised and battered all over after the pounding he got in the Senate this morning:
“You’re obviously renowned, rightfully so i think, as being one of the most, you know, one of the best CEOs in the country for financial institutions,” crooned Sen. Bob Corker (R-TN). “You missed this, it’s a blip on the radar screen.”
Sen. Michael Bennet (D-CO) asked Dimon to sound off on the country’s budget woes. “I think you’re well aware of my concern about the fiscal condition of this country,” Bennet said. “I wonder if you could take the last couple minutes of this time to talk about how you see our relative position with Europe and other places, the political risk of our not accomplishing what we need to do in the fiscal side, and the upside if we could actually come together in a comprehensive way to address the long-term fiscal condition of the United States.”
Ooof. No more, please!
Sen. Jim DeMint (R-SC) — a tea party hero — gave Dimon a full pardon. “I really appreciate you voluntarily coming in to talk with us,” he said. “It is important that we talk about things happening in the industry. It helps us as we look forward and, hopefully, it will contribute to best practice scenarios in industry. I appreciate your emphasis on continuous quality improvement. We can hardly sit in judgment of your losing $2 billion. We lose twice that every day in Washington.”