Courtesy of Pam Martens
Below are selected remarks from Jamie Dimon’s prepared statement for the Senate Banking Committee hearing today, which will take testimony from a total of six Wall Street bank CEOs. Wall Street On Parade’s annotated remarks appear in brackets and italics.
~~~
Jamie Dimon, Chairman and CEO of JPMorgan Chase
“Chairman Brown, Ranking Member Toomey and distinguished members of the Committee, I appreciate the invitation to appear before you to talk about JPMorgan Chase, the strength and resilience of the U.S. financial system, and the people, businesses and communities we serve.”
[The strength of the U.S. financial system would, of course, be a lot safer and sounder if the largest bank in the U.S., at which Dimon serves as Chairman and CEO, had not been charged with five felony counts since 2014, all occurring under his leadership. The bank admitted to all five counts.]
“JPMorgan Chase is a global financial services firm with assets of $3.4 trillion and operations worldwide. We are a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.”
…
