Merkley Challenges Dimon On JPMorgan Bailout

JPMorgan CEO Jamie Dimon likes to boast that JPMorgan didn’t need to be bailed out in 2008 and only accepted federal funds at the government’s insistence. Sen. Jeff Merkley (D-OR) challenged this mythos: Without the bailout, “JP Morgan would have gone down and you would have been out of a job,” he said.