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Merkley Challenges Dimon On JPMorgan Bailout

by Brian Beutler

06.13.12 | 8:05 am

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.

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Brian Beutler Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com