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Former J.P. Morgan Lobbyist Manages The Banking Committee Expected To Investigate J.P. Morgan’s Trading Loss

Former J.P. Morgan Lobbyist Manages The Banking Committee Expected To Investigate J.P. Morgan’s Trading Loss

Posted by Charleston Voice, 05.22.12

Can't beat this with a stick. SUUWEET! Much preferred over a fish hook in the eye.

By Lee Fang posted May 22nd 2012 at 9:00AM

The Senate Banking Committee is responding to outrage over the news that J.P. Morgan lost some $3 billion in customer money because of a risky trading strategy. The committee is preparing for two hearings with regulators, and Senator Tim Johnson (D-SD), chair of the committee, is hoping that Jamie Dimon will testify in the near future. “Our due diligence has made it clear that the Banking Committee should hear directly from JPMorgan Chase’s CEO Jamie Dimon,” Johnson said in a statement last week.

Luckily for Dimon, the professional staff in charge of managing the banking committee will be quite familiar to him and his team of lobbyists. That’s because the staff director for the Senate Banking Committee is none other than a former J.P. Morgan lobbyist, Dwight Fettig.

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