by Jane Richey | Jun 19, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Jamie Dimon, the president and CEO of JPMorgan Chase, told the Senate Banking, Housing and Urban Affairs Committee last week that his bank took Troubled Asset Relief Program (TARP) funds back in 2008 only “because we were asked to” by the Treasury Secretary. Dimon got...
by Jane Richey | May 15, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The lingering headline on the front pages this week is that JP Morgan Chase suffered a massive loss on a hedging strategy, costing them $2 billion. That’s no small mistake, and it’s an example of how bad decisions in the free market can cost big money. But just...