JPMorgan CEO Jamie Dimon likes to boast that JPMorgan didn’t need to be bailed out in 2008 and only accepted federal funds at the government’s insistence. Sen. Jeff Merkley (D-OR) challenged this mythos: Without the bailout, “JP Morgan would have gone down and you would have been out of a job,” he said.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=157068