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Back to To the Point

To the Point

Big Banks and Presidential Politics

During the financial crisis, JP Morgan Chase got almost $400 billion in taxpayer loans to protect it from failure. It survived the financial crisis with its reputation in tact as the best managed bank on Wall Street. CEO Jamie Dimon has been a voice against increased regulation.

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By Warren Olney • May 12, 2014 • 1 min read

During the financial crisis, JP Morgan Chase got almost $400 billion in taxpayer loans to protect it from failure. It survived the financial crisis with its reputation in tact as the best managed bank on Wall Street. CEO Jamie Dimon has been a voice against increased regulation. Now the loss of $2 billion on risky trading has tarnished the bank and raised questions about Dimon himself. Can JP Morgan Chase and other banks be trusted to use better judgment or is it time for stepped-up regulation? Democrats and Republicans disagree. We talk with financial expert and Democratic US Senate candidate Elizabeth Warren and Vin Weber with the Romney for President campaign.

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

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    Katie Cooper

    Producer, 'One year Later'

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    Christian Bordal

    Managing Producer, Greater LA

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    Elizabeth Warren

    Democratic candidate for US Senate

  • KCRW placeholder

    Vin Weber

    Mercury/Clark & Weinstock

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    Dawn Kopecki

    Bloomberg News

    NewsNationalPolitics
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