George Zornick: The Senate Banking Committee Is in Wall Street’s Pocket

George Zornick: The Senate Banking Committee Is in Wall Street’s Pocket

George Zornick: The Senate Banking Committee Is in Wall Street’s Pocket

 The Senate Banking Committee has close ties to JPMorgan Chase, the very institution it is supposed to regulate. 

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It gets difficult to believe in any effective banking reform when Senators take money from the very bankers they’re supposed to regulate. Not only that, but members of the Senate Banking Committee often find themselves working as lobbyists for JPMorgan and other major finanical insitutitions after their time in the senate. The Nation’s George Zornick, appearing on Current’s Viewpoint with Eliot Spitzer, explains the bare hypocrisy of Thursday’s Senate hearing with JP Morgan Chase CEO Jamie Dimon.

—Max Rivlin-Nadler

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