Government by Wall Street: JPMorgan CEO whipped votes for spending bill
The House’s narrow passage of a massive spending bill that included a provision gutting a key financial regulatory reform is being cast as a major win for the financial industry. Wall Street saw the bill’s passage as so crucial that JPMorgan CEO Jamie Dimon personally called members of the House yesterday to urge them to vote in favor of the bill, which funds most of the government through the end of the fiscal year. So reports the Washington Post, which cites “a person familiar with” Dimon’s effort. The bill could provide a big boon to Dimon’s bank; a provision quietly inserted into… Read more…
