Jamie Dimon Going To DC To Answer Questions About JP Morgan. Don't Expect Tough Questions For The Politicians' Banker Buddy.

Jamie Dimon Going To DC To Answer Questions About JP Morgan. Don't Expect Tough Questions For The Politicians' Banker Buddy.

The Politicians & Bankers are as thick as thieves.

The politicians love their banker buddies that helped them collapse the housing market & the economy in 2006 - 2008, along with Fannie Mae & Freddie Mac.

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NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon plans to apologize before members of Congress on Wednesday for a trading loss that has cost the bank more than $2 billion.

He is also saying that the bank has taken steps to make sure it does not happen again.

"We have let a lot of people down, and we are sorry for it," Dimon says in testimony prepared for his appearance before the Senate Banking Committee on Wednesday.

[link to www.google.com]

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Dimon is set to testify Wednesday morning before the Senate Banking Committee about trading losses exceeding $2 billion.

[link to www.miamiherald.com]

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JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats

" Jamie Dimon happens to be a long-time Democratic donor.

Dimon and his wife, Judy, have donated more than a half-million dollars to Democratic candidates and committees since 1989, according to a Center for Responsive Politics analysis of his donations. That is nearly 12 times what the couple has given the GOP.

Dimon seems to exert considerable influence within Democratic circles at a time when JPMorgan and other banks still owe the federal government billions of dollars after last year's bailouts."

" Dimon enjoys deep connections with Emanuel and President Barack Obama. Dimon was an executive at Bank One -- which later became part of JPMorgan -- at the same time that Emanuel was representing a nearby district in Congress, and the president was serving Illinois in the U.S. Senate. Dimon has donated $6,000 to Emanuel over time, including $4,000 for his first House race in 2002. He gave Obama $2,000 during his 2004 Senate campaign "

" He gave then-Sen. Hillary Clinton $2,300 in 2007, the maximum contribution allowed under Federal Election Commission rules. Dimon and his wife each contributed $2,100 to Clinton's 2006 Senate re-election campaign and $2,000 during her 2000 Senate bid. The Dimons each gave Bill Clinton $1,000 during the 1996 cycle.

The Dimons do not only support the Clintons. The couple has lavished a combined $580,600 on Democrats since the 1990 cycle. They have provided each recent Democratic presidential candidate and major party figure with some cash.

Vice President Joseph Biden ($2,000), Sen. Chris Dodd ($5,300), Sen. Tom Carper ($8,000), Sen. Charles Schumer ($12,000) and Rep. Charles Rangel ($4,500) have all received Dimon dollars. Former Vice President Al Gore received $4,000 from the Dimons in 1999. Sen. John Kerry (D-Mass.) has hauled in $7,000 from them over his career. Former House Majority Leader Richard Gephardt (D-Mo.), who now operates his own lobby shop, received $7,000 from the Dimons between 1989 and 2005."

[link to www.opensecrets.org]

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