Jon Stewart demolishes senators for swooning over JP Morgan CEO

By Eric W. Dolan
Friday, June 15, 2012 0:02 EDT
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On his show Thursday night, The Daily Show host Jon Stewart mocked members of the Senate Banking Committee for going soft on JP Morgan Chase CEO Jamie Dimon after his firm lost at least $2 billion gambling on derivatives.

During the hearing, Republican senators complimented Dimon and praised his financial empire.

“What is going on with this panel of senators,” Stewart wondered. “They’re sucking up to Dimon like they’re on JP Morgan’s payroll.”

It turns out, the biggest campaign donor to many of the senators was JP Morgan. Throughout the hearing, the senators asked for Dimon’s advise and berated their own legislative body.

Stewart ripped into Sen. Bob Corker in particular. The Senator had questioned the effectiveness of the Dodd-Frank Wall Street reform bill, even though he fought against key provisions of the law.

“Must be nice to be a Republican senator sometimes,” he joked. “Cus you get the fun of breaking shit and the joy of complaining the shit you just broke doesn’t work.”

Watch video, via Mediaite, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
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