When Dimon couldn't deny, he would dissemble, making the job of the already over-stretched and under-informed lawmakers even more difficult. But there were still a few moments of illumination.
Tomorrow morning, Dimon will again face questioning, this time from the House Financial Services Committee. Whether we hear as much praise and kowtowing remains to be seen, but given last week's sham, I wouldn't hold my breath.
This year it's going to be incumbent on the Democratic Party to prove that it's something more than the oligarchy's more genteel rubber stamp. And it's not going to be able to do that unless it rejects the wildly unpopular and unfair Simpson-Bowles plan.
By acknowledging that he screwed up, Dimon showed the kind of forthright accountability we should expect in all types of leaders. It may even make him a better CEO.
With Jamie Dimon called on the carpet before the Senate Banking Committee Wednesday, it almost seemed like for a moment bankers were going to be held ...
The Senate Banking Committee on Wednesday grilled JPMorgan CEO Jamie Dimon about his involvement in the bank's stunning losses. Not all the questions ...