JPMorgan Chase and its CEO, Jamie Dimon, have worked tirelessly to put the billions of dollars in “London Whale” trading losses behind the Wall Street firm as it works to restore its once sterling reputation.
But this week, there is a land mine on its road to redemption.
On Friday, the Senate’s Permanent Subcommittee on Investigations will hold a hearing on a highly anticipated report on the bank’s mismanagement of these derivatives trades — putting the firm through Congress’s most strenuous Wall Street wringer.
Congressional Glance
Victims of sexual assault and violence in the military told Congress Wednesday they're afflicted with a slow and uncaring system of justice that too often fails to hold perpetrators accountable and is fraught with institutional bias.
Elizabeth Warren on Thursday demanded answers from top banking regulators over the possibility of shuttering financial firms that flout federal anti-money laundering laws or violate international trade sanctions.
President Obama said Thursday he will sign the sweeping expansion of the Violence Against Women Act, following a House vote to renew the law and bring gays, lesbians and transgender people, Native Americans and immigrants under its protections.
Milwaukee Police Chief Edward Flynn called out Sen. Lindsey Graham (R-SC), who repeated National Rifle Association talking points against background checks for all gun purchases (video below).
“In the military they have $5.2 million they spent on goldfish — studying goldfish to see how democratic they were and if we could learn about democracy from goldfish,” Paul said on Fox. “I would give the president the authority to go ahead and cut all $5 million in goldfish studies.”





























