One of the few senators willing to press Jamie Dimon at a Banking Committee hearing Wednesday was Jeff Merkley (D-OR), who challenged the notion that his firm JPMorgan would have survived in 2008 absent billions of dollars in government money.
“Sir, this is not your hearing,” Merkley insisted. “I’m asking you to respond to questions and I also only have five minutes. So let’s agree to disagree, but I think that many analysts have reached the conclusion that if you’d applied that Old Testament Justice back in 2008, 2009, JPMorgan would’ve gone down and you’d have been out of a job.”
Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight, and the debt limit fight. He can be reached at email@example.com.