Congress Borrows a Billion Dollars During Dimon Hearings

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The House Financial Committee just concluded grilling banker Jamie Dimon on risky financial bets his firm, JPMorgan Chase, made that resulted in losses of at least $2 billion last month. Today’s hearing follows up on last week’s Senate Banking Committee grilling of Dimon on the same bad bets.

But the irony here is rich: During the course of the two Dimon hearings held to discuss this bad bet, Congress borrowed nearly one billion dollars.

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