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I watched C-SPAN 3 this AM and on through to a couple of minutes ago. Senator Levin was joined by Senator Ron Johnson for about 5 minutes after opening statements from JPMorganChase people with a short session of questions, and then left, followed by Senator McCain who had a 10 minute stint of inquiry and then he left and Levin was alone for the rest of it.

C-SPAN took action and killed the wide pan so it wasn't that obvious that this was an empty chamber. What was obvious was that Levin knows his stuff. Ina Drew CIO of JPMC was cowed and occasionally snippy. Pete Weiland was visibly nervous. Doug Brounstein was evasive. They all lied and hedged and hesitated.

Levin should send this over to Justice forthwith for criminal indictment. Jamie Dimon knew what was going on.

As suggested below, this is about JPMorgan Chase Bank and their 6+B$ loss on Synthetic Credit Derivatives and the cover up, who knew what, when and how they were hiding it. AKA "The London Whale" fiasco.

See: Forbes Article on Ina Drew

JP Morgan accused by Senate panel of flouting rules and ignoring regulators
Senators say bank believed it was too big to fail while regulators deny bosses' claims that bank told them of mounting losses

Link to Guardian article with more links

H/T to bluezen for hipping me to it.

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