From the daily Daily Kos: friends with benefits: Senators roll out red carpet for Jamie Dimon

Daily Kos: Open thread for night owls: Senators roll out red carpet for Jamie Dimon:

'via Blog this'


You give this kind of cash and you have plenty of friends with benefits.

 SEN. BOB CORKER (R-TN): We’re here quizzing you. If you were sitting on this side of the dais, what would you do to make our system safer than it is and still meet the needs of a global economy like we have?

(American Banker)

SEN. MIKE CRAPO (R-ID): Many people say our primary focus from our perspective in terms of policy should be to make sure the banks are properly capitalized. Should that be our primary focus and what other areas of oversight would be the most effective for us in terms of our regulatory structure?

SEN. JIM DEMINT (R-SC): I would like to come away from the hearing today with some ideas on what you think we need to do, what we maybe need to take apart that we’ve already done, to allow the industry to operate better.

SEN. ROGER WICKER (R-MS): And you said something else that really sort caught me by surprise, and that was this testimony that nobody got all the parties in a room with people in your industry — Democrats, Republicans, and folks affected — and talked about what was needed and what really needed to be fixed. Did I hear you correctly there? Did you volunteer to be part of that conversation?

Full story here: http://www.dailykos.com/story/2012/06/13/1099792/-Open-thread-for-night-owls-Senators-roll-out-red-carpet-for-Jamie-Dimon

This reminds me of the tough response Texas congressman Joe Barton apologizing to BP for getting any Texas sand under BPs oil because that's what you want in a congress someone who genuflects to business on site.

After the meeting Barton went into the full grovel.