Dimon Apologizes; Lieberman Announces Secret Service Hearing
JPMorgan Chase boss Jamie Dimon appeared on NBC's Meet the Press to apologize for how he behaved after the bank's $2 billion loss was revealed; Joe Lieberman announced there will be a congressional hearing over the Colombian Secret Service scandal.
JPMorgan Chase boss Jamie Dimon appeared on NBC's Meet the Press and owned up to his company's mistakes following the disclosure of its $2 billion loss. “We made a terrible, egregious mistake and there’s almost no excuse for it," Dimon said. Dimon said the company was very defensive when the news first broke, and apologized for dismissing the issue as a "tempest in a teapot." “I was dead wrong when I said that,” Dimon explained. “We know we were sloppy. We know we were stupid. We know there was bad judgment,” he said. Dimon stayed a bit on the defensive, explaining that, "the company is going to earn a lot of money this quarter."
He also talked about his own political affiliations. “I would call myself a ‘barely Democrat,’ at this point," Dimon said. "I didn't support anyone last time around: I'm on the New York Fed Board; I'm not allowed to. But I am a Democrat, yes." He also criticized both parties for failing to work together. “It's true to say we haven't had true, common collaboration," he said. "To me, it’s not Democrat or Republican. What is it that works to get America growing again, so that the people can grow and get educated and have opportunity and jobs? That is not Democrat or Republican. So, any Democrat or Republican that tells me they own that, they don't. That is a practical thing. I don't blame that on the president... I wish they would all put their knives down and get back to work for the American public.”
Sen. Joe Lieberman announced on CNN's State of the Union that the Senate Homeland Security and Governmental Affairs Committee will hold a congressional hearing with Secret Service director Marc Sullivan and Charles Edwards, the acting inspector general of the Department of Homeland Security, over the Colombian Secret Service prostitution scandal.
RNC chairman Reince Priebus said he wasn't sure same sex marriage would be, "a defining issue,” for the Republicans in the election and that he doesn't see it as a civil rights issue on NBC's Meet the Press. “I don’t think it’s a matter of civil rights," Preibus explained. "I think it’s just a matter of whether or not we’re going to adhere to something that’s been historical and religious and legal in this country for many, many years. I mean, marriage has to have a definition. And we just happen to believe it’s between a man and a woman,” Priebus said. “I think there’s a big difference between people that have been murdered and everything that has come with Jim Crow than marriage between a man and a man and a woman and a woman." He said later that gays "deserve dignity and respect" but that marriage should remain between a man and woman for historical and legal reasons.
Sen. John Thune went on Fox News Sunday and didn't outright deny that he would take a Vice-President nomination, but he didn't sound keen to take the job either. "He'll have a number of good people to choose from," Thune said. "What I have said - and I mean that sincerely - is I respect that process, but I want to work with the president... I don't think you ever rule out opportunities or options when you're involved in public life and you say you want to make a difference and you're serious about that, obviously, then you don't foreclose options. But in my view, I have a job to do in the United States Senate," Thune explained. "I like what I'm doing. i think I can make a difference there. I think working with a Republican president we can do some really good things for this country."
Sen. Dianne Feinstein went on Fox News Sunday and defended the President's gay marriage endorsement, and explained that her views went through a similar evolution. “I don’t think it’s a flip flop,” Feinstein said. ”There’s no political calculus in this, because it’s not smart. You know, if he’s going to do it from a political point of view it doesn’t make any sense... It also happened to me. You get to know more and more gay couples. You see the happiness. You see the economic security that marriage brings and even more fundamentally you see children who otherwise would not have an adopted home being able to have that home," she explained. "So same sex couples raise children, they do a fine job…More and more people say what's wrong with people being happy?"
Sen. Dick Durbin and Sen. John Cornyn appeared on CNN's State of the Union to talk about the President's gay marriage endorsement. The two discussed whether the endorsement was a political move or whether the move was genuine. "I don't think it was a political calculation," Durbin said. He called the move "a matter of conscience" for the president. "I don't think he's going to lose votes that he otherwise hadn't lost," Durbin said. "I'm not sure the evangelicals were going to lean towards President Obama anyway." Cornyn disagreed, and said the President was just trying to raise an issue to divide people. "He can't run on his record," Cornyn said. "And so he's trying to raise divisive issues up to solidify his base and to divide the country, and that isn't what we should be focusing on now."
This article is from the archive of our partner The Wire.