2012-05-19nakedcapitalism.com

Holding your breath about the fallout from J. P. Morgan Chase's derivatives losses? Yesterday, if you believed Politico, you could exhale. Senate Banking Committee Chair Tim Johnson of South Dakota announced his panel would call JP Morgan Chase Chair Jamie Dimon to testify.

It's good that the watchdog is barking, but we'd all better watch closely to see if it will bite.


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