JP Morgan Chase CEO Jamie Dimon's kabuki theater was back on Capitol Hill Tuesday

JP Morgan Chase CEO Jamie Dimon starred in another dog and pony show on Capitol Hill Tuesday – this time appearing before the House Financial Services Committee. While receiving some tough questions from Democrats on the Committee who aren’t as dependent on Wall Street money, Dimon was once again given a free pass by Republicans who rely on Dimon for campaign cash.

At the top of that list is Financial Services Committee Chairman Republican Spencer Bachus – who calls JP Morgan Chase his second-highest campaign contributor of all time – receiving more than $100,000 from the bank. But Republicans in the House didn’t just do Wall Street a favor on Tuesday by taking it easy on their poster boy, Jamie Dimon.

They also voted to slash funding for critical Wall Street regulators at the Commodity Futures Trading Commission. Republicans cut funding for the CFTC by $25 million from last year – and by $120 million from President Obama’s request. The massive cuts come just as the CFTC is in need of funding to implement new Wall Street regulations as part of the Dodd-Frank Wall Street reform law passed in 2010. Unfortunately for the American people who want to see banksters held accountable for their crimes and our markets safe and regulated – Republicans, and a large wing of the Democratic Party, have sold out to Wall Street.

Popular blog posts

No blog posts. You can add one!

ADHD: Hunter in a Farmer's World

Thom Hartmann has written a dozen books covering ADD / ADHD - Attention Deficit Hyperactive Disorder.

Join Thom for his new twice-weekly email newsletters on ADHD, whether it affects you or a member of your family.

Thom's Blog Is On the Move

Hello All

Thom's blog in this space and moving to a new home.

Please follow us across to - this will be the only place going forward to read Thom's blog posts and articles.