America's Deadliest Jobs
Which 10 professions have the highest fatal work injury rates this year? Click ahead for this year's ranking.
Troublesome Business Liasons
The world of business has been the source of numerous powerful individuals who put their marriages, careers and good standing at risk.
Victoria Secret Fashion Show 2012
Sporting diamonds, Swarovski crystals and barely there outfits, Victoria’s Secret angels strutted in the annual runway event.

MOST POPULAR

News

Blog Posts

Videos

SPECIAL REPORTS

» More

- Impact 2012
  Coverage of the annual Charles Schwab conference for registered investment advisers.

HOT ON FACEBOOK

CNBC Live Blog

Published: Tuesday, 12 Jun 2012 | 9:26 AM ET

Text Size

Jamie Dimon Testimony

Live commentary and analysis from CNBC on JPMorgan Chase CEO Jamie Dimon's testimony before a Senate committee in Washington.

Menendez bringing out the real #Dimon -- the way Jamie talks in real life. $JPM

by carlquintanilla via twitter 6/13/2012 3:07:52 PM
Clearly the best line of the hearing: "you said the hedge morphed. What did it morph into? Russian Roulette?"

by John Carney edited by Gloria McDonough-Taub 6/13/2012 3:08:05 PM
Dimon told F-T: very close to thinking the U.S. shouldn't be in Basel...I would not have agreed to rules that are blatantly anti-American

by JeffCoxCNBCcom via twitter 6/13/2012 3:08:56 PM
Dimon: There are many advantages to being large in size; Negatives of large banks are greed, arrogance, and hubris. cnb.cx

by cnbc via twitter 6/13/2012 3:08:57 PM
Can you hedge Washington?

by LoriSpechler via twitter 6/13/2012 3:09:25 PM
Carl Quintanilla points out that this exchange between Menedez and Dimon gave us a much better view of the real Dimon. This is the way the man talks in real life.

by John Carney 6/13/2012 3:09:37 PM
RT @sallyshin: One hour into Jamie Dimon's testimony, $JPM is up almost 2%

by carlquintanilla via twitter 6/13/2012 3:09:56 PM
HuffPo Ruters pickup of Dimon 'anti-American' comment www.huffingtonpost.com #DimonHearing

by JeffCoxCNBCcom via twitter 6/13/2012 3:10:22 PM
Do big profits necessarily mean potential for big losses?

by LoriSpechler via twitter 6/13/2012 3:11:21 PM
RT @LaMonicaBuzz: Unless you were a judge at the Pacquaio-Bradley fight, I think Sen. Menendez clearly won this round. #Dimon $JPM

by JeffCoxCNBCcom via twitter 6/13/2012 3:11:22 PM
It's clear that the Republican members of the committee, or at least some of them, consider this hearing as a platform for launching the reform or repeal of Dodd-Frank.

by John Carney 6/13/2012 3:11:34 PM
RT @morningmoneyben: DeMint translation: How would you like us to regulate you less?

by carlquintanilla via twitter 6/13/2012 3:12:12 PM
would really love to see Dimon-Menendez 1-on-1 for about an hour #DimonHearing

by JeffCoxCNBCcom via twitter 6/13/2012 3:13:11 PM
Dimon must be wondering what all that lobbying money is spent on. If the Senators are willing to just take advice directly from him about what to do with regulations, why bother employing former committee staffers at all?

by John Carney 6/13/2012 3:13:29 PM
Sen. Brown references "cowboys in London" #DimonHearing

by JeffCoxCNBCcom via twitter 6/13/2012 3:14:24 PM
RT @lopezlinette: Sen. Jim DeMint: Come back next year, I'll bring cake.

by LoriSpechler via twitter 6/13/2012 3:14:45 PM
Ding! Ding! Ding! We get the first "local concern" questions from Senator Brown, concerned about people in Columbus area. "I don't want to see consumer lenders in Columbus losing their jobs because cowboys in London make risky bets." Cowboys in London has to be the best metaphor of the day.

by John Carney edited by Gloria McDonough-Taub 6/13/2012 3:16:08 PM
Drink. Dimon says "open kimono" for the second time while answering about whether the regulators knew about the London Whale trade.

by John Carney 6/13/2012 3:17:16 PM
Since #Dimon took CEO job in '05, $JPM stock is down 13%. .. But $BAC down 83%, $MS down 70%, $C down 94% (via @HumOnTheMarkets)

by carlquintanilla via twitter 6/13/2012 3:18:53 PM
another Jack for me, neat...Dimon repeats "open kimono" metaphor

by JeffCoxCNBCcom via twitter 6/13/2012 3:18:54 PM
Dimon is now praising the 19,000 employees in Columbus. This was clearly a prepared talking point.

by John Carney edited by Gloria McDonough-Taub 6/13/2012 3:19:11 PM
Brown's questions are aimed at finding out whether the OCC dropped the ball. Dimon however keeps declining to blame OCC for not catching losses earlier.

by John Carney 6/13/2012 3:20:12 PM
Shares of $JPM are down 15% since the firm revealed its potential $2b trading loss after the close on May 10 via @HumOnTheMarkets

by LoriSpechler via twitter 6/13/2012 3:21:23 PM
Brown says this case demonstrates neither regulators nor bank managers can properly oversee an institution as large as JP Morgan Chase. "It demonstrates to me that too big to fail banks are too big to management and too big to regulate."

This is perhaps the most intelligent comment on the day.

by John Carney 6/13/2012 3:22:02 PM
More softball Dodd-Frank ?s: Dimon says new regs costing $1 billion #DimonHearing

by JeffCoxCNBCcom via twitter 6/13/2012 3:23:34 PM
Somebody should double check this at OpenSecrets.org, but I believe that Johanns is one of only five Senators on this panel who has not taken campaign contributions from JPM's PAC.

by John Carney edited by Gloria McDonough-Taub 6/13/2012 3:23:35 PM
RT @brianstelter: I would tell y'all to stand by for a bit of news. But it's more fun to be surprised.

by carlquintanilla via twitter 6/13/2012 3:24:08 PM
RT @steveliesman: Note to Jamie Dimon: You have 40 fed observers and 70 from OCC. Assume others from FDIC, CFPB, but I doubt it's "hundreds"

by LoriSpechler via twitter 6/13/2012 3:24:10 PM
Sen. Tester throwing in some MFGlobal questions

by JeffCoxCNBCcom via twitter 6/13/2012 3:26:24 PM
Senator Tester has a pretty tight connection to JP Morgan. Lobbyist Jason Rosenberg of the Glover Park Group, which lobbies on behalf of JPM, was the Senior Economic Policy Adviser to Tester.

by John Carney 6/13/2012 3:27:58 PM
Sen. Tester going into JP Morgan's role in MF Global collapse and location of funds. Dimon: "There's no hiding anything."

by EamonJavers via twitter 6/13/2012 3:28:21 PM
MF Global alert #DimonHearing cc: @markmelin @jameskoutoulas

by LoriSpechler via twitter 6/13/2012 3:28:42 PM
Dimon on MF Global: We've cooperated every step of the way in the MF Global situation.

by cnbc via twitter 6/13/2012 3:29:11 PM
Tester is also a "local concern" guy today. Asking about MF Global, in which his Montana constituents lost money.

by John Carney 6/13/2012 3:29:37 PM
Alert: Change of topics at #Dimon hearing. We are now bored with the $2b trading loss and will instead discuss #MFGlobal.

by mcatwellons via twitter 6/13/2012 3:29:51 PM
Of the top performing S&P 500 stocks today, $JPM is now ranked 9th. #Dimon

by carlquintanilla via twitter 6/13/2012 3:30:44 PM
by John Carney 6/13/2012 3:31:22 PM
"Just lookin' out for my folks," Tester says.

by John Carney 6/13/2012 3:32:33 PM
So much sarcasm on twitter today. For anyone doing a social sentiment analysis of this #Dimon hearing: GOOD LUCK.

by mcatwellons via twitter 6/13/2012 3:33:16 PM
"I hope that they get all their money back, I still believe that they will," says Dimon of Tester's farmers who had $$ at MFGlobal

by EamonJavers via twitter 6/13/2012 3:33:41 PM
Dimon: We have to allow our big institutions to fail #DimonHearing

by LoriSpechler via twitter 6/13/2012 3:36:37 PM
Dimon says "resolution" is the wrong-name. "I think it should be called bankruptcy."

by John Carney 6/13/2012 3:36:45 PM
RT @jonfortt: Watching Jamie #Dimon testify is a little like watching a Bruce Lee flick. He's very good at it. @CNBC

by mcatwellons via twitter 6/13/2012 3:38:05 PM
RT @SconsetCapital: OLD TESTAMENT JUSTICE!!!!

by LoriSpechler via twitter 6/13/2012 3:38:18 PM
Moran asks a very good question. Can JPM fail with no cost to the taxpayer? Dimon answers with an unequivocal "yes." The kindest word I can think of about this is "unlikely."

by John Carney 6/13/2012 3:39:01 PM

Print Email

TOP HEADLINES

LATEST FROM OUR BLOGS

FEATURED SLIDESHOWS

MOST SHARED

MOST POPULAR

SPECIAL REPORTS

HOT ON FACEBOOK

CNBC Live Blog

Jamie Dimon Testimony

Live commentary and analysis from CNBC on JPMorgan Chase CEO Jamie Dimon's testimony before a Senate committee in Washington.