5 Mistakes House Lawmakers Shouldn't Make at Dimon Hearing
June 18, 2012 2:31 PM
5. Don't tell Dimon how awesome he is - he already knows
One of the most mocked parts of last week's Senate Banking hearing was the effusive praise heaped on a man that just lost more than $2 billion. House lawmakers should avoid following suit. (Image: Bloomberg News)
4. Don't solicit JPMorgan's Business
Sen. Mike Johanns seemed to be asking Dimon to expand to his home state of Nebraska. House lawmakers shoud avoid any suggestion that they are using the hearing to drum up business. (Image: Bloomberg News)
3. Don't suggest over-regulation is to blame
Sen. Mike Crapo and other GOP senators hinted that the onslaught of Dodd-Frank regulations helped cause the trading loss at JPM. But even Dimon thinks that's a non-starter. (Image: Bloomberg News)
2. Don't take too long to get to the question
Sen. Sherrod Brown asked one of the best questions of the hearing-is JPMorgan too big to manage? Unfortunately, time ran out and Dimon never had to answer the question. (Image: Bloomberg News)
1. Don't ask Dimon for advice
Sen. Jim DeMint asked Dimon what Congress should do "to allow the industry to operate better." Dimon has the right to offer his views on policy, but a hearing probing how and why the bank lost so much money is not the time.
