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Jamie Dimon gets one tough question about CEO compensation on the Hill -- from Rep. Barney Frank

JPMorgan Chase CEO Jamie Dimon continued his Congressional hearing soft-grilling at the House of Representatives, where he dodged Rep. Barney Frank’s tough questions about his compensation. “My compensation is 100 percent up to my board,” Dimon says. “They will do what they see as appropriate… I can’t tell my board what to do.” Cenk says, “Apparently his board thinks he’s a genius, even if he loses $2 billion
in trades.”

Filed under Wall Street Jamie Dimon JPMorgan Chase Banker TYT Young Turks news politics

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Wall Street Funds Cory Booker

“Newark, New Jersey Mayor Cory Booker (D) attacked the Obama campaign for making an issue of Mitt Romney’s tenure at Bain Capital during an appearance on Meet the Press. While the progressive leader later backed off the criticisms, Republicans have been quick to highlight his comments as an attack against the idea that scrutiny of Mitt Romney’s record as a businessman is fair game. A ThinkProgress examination of New Jersey campaign finance records for Booker’s first run for Mayor — back in 2002 — suggests a possible reason for his unease with attacks on Bain Capital and venture capital. They were among his earliest and most generous backers…”.* The Young Turks host Cenk Uygur breaks it down.

Filed under Cory Booker New Jersey Video Politics News Wall Street OWS Occupy Bain Capital Barack Obama Mitt Romney

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Via AmericaBlog: Campaign for a Fair Settlement, a liberal housing group which formed to pressure state Attorneys General like California’s Kamala Harris to not agree to a bad robosigning settlement deal, has released a poll that paints a brutal picture of how voters in swing states view President Obama’s handling of the housing crisis. The poll also shows that voters think the President hasn’t done enough to hold banks accountable and that criminal behavior by Wall Street has driven the crisis. The poll surveyed independent likely voters in Pennsylvania, Florida, Arizona, Nevada and North Carolina, all of which are states which have been devastated by the foreclosure crisis…”.* The Young Turks host Cenk Uygur breaks it down.

(Source: youtube.com)

Filed under Barack Obama OWS Occupy Wall Street Banks Politics