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.
By Warren Olney • • 1 min readDuring 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.
The full episode
2 of 3
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Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Katie Cooper
Producer, 'One year Later'
Christian Bordal
Managing Producer, Greater LA
Elizabeth Warren
Democratic candidate for US Senate
Vin Weber
Mercury/Clark & Weinstock
Dawn Kopecki
Bloomberg News
The full episode
2 of 3JP Morgan's Long Shadow- 0:00Chaos in Greece Resumes as Talk of Euro Exit Increases
- 7:36Big Banks and Presidential PoliticsYou’re reading this
- 43:41The Sainthood of Joan of Arc