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JPMorgan Chase CEO: Bank Took TARP, ‘Because We Were Asked to’ by Treasury Secretary

Published on 19 Jun, 2012 at 13:10 in U.S. News | | No Comments
JPMorgan Chase CEO: Bank Took TARP, ‘Because We Were Asked to’ by Treasury Secretary

By: Pete Winn – CNS News – June 18, 2012

(CNSNews.com) – Jamie Dimon, the president and CEO of JPMorgan Chase, told the Senate Banking, Housing and Urban Affairs Committee last week that his bank took Troubled Asset Relief Program (TARP) funds back in 2008 only “because we were asked to” by the Treasury Secretary.

Dimon got into a verbal…

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