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Senators put federal regulators, not JPMorgan, on the hot seat

"JPMorgan Chase has spent upward of $20 million on lobbying and campaign contributions in the past three years. On Tuesday, the bank received a healthy dividend on that investment."

"Its chairman, Jamie Dimon, has admitted that the firm was “sloppy” and “stupid” in making trading bets that lost $2 billion. But Republicans on the Senate Banking Committee wouldn’t hear of it; they preferred to blame government."

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