JP Morgan's Long Shadow: Big Banks and Presidential Politics

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167x120 image for tp120516jp_morgans_long_shadJP Morgan Chase 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. Should JP Morgan-Chase and others be reigned in before taxpayers get left on the hook? We hear from Elizabeth Warren, who chaired the Congressional Oversight Panel that oversaw TARP and is now a Democratic candidate for the US Senate in Massachusetts, and from Romney campaign advisor Vin Weber.

Credits

Guests:
Elizabeth Warren - Democratic candidate for US Senate - @elizabethforMA, Vin Weber - Mercury/Clark & Weinstock, Dawn Kopecki - Bloomberg News, Matt Taibbi - Contributing Editor, Rolling Stone - @mtaibbi, Richard Bove - Rochdale Securities - @DickBoveSays

Host:
Warren Olney

Producers:
Anna Scott, Christian Bordal, Andrea Brody