Matt Taibbi – Senators Grovel, Embarrass Themselves At Dimon Hearing – 16 June 2012

I was unable to watch J.P. Morgan Chase CEO Jamie Dimon’s Senate testimony live the other day, so I had to get up yesterday morning and check it out on the Banking Committee’s web site. I had an inkling, from the generally slavish news reports about the hearing that started to come out Wednesday night, that it would be a hard thing to watch.

Grant McCool- Reuters – Shareholders Sue JP Morgan Chase Over Trading Loss – 16 May 2012

JP Morgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.